Manager - Actuary Valuation (Life Insurance) (ACT00390)

Location

Bangalore | India

Job description

Job Description

The candidate will be responsible for leading and managing the actuarial valuation function for our life

insurance business in India, ensuring compliance with regulatory requirements and industry best practices. The

candidate will also be responsible for providing actuarial insights to senior management to aid decision

making.

Key Responsibilites

. Lead and manage the actuarial valuation function for our life insurance business in India, ensuring

accuracy, timeliness, and compliance with regulatory requirements and industry best practices.

. Develop and maintain actuarial models for valuation, including embedded value and regulatory

reporting.

. Monitor and analyze the financial performance of the business, providing regular reports to senior

management and recommending appropriate actions to optimize profitability.

. Provide actuarial insights and support to senior management to aid decision making on product

pricing, capital allocation, and risk management.

. Collaborate with other functions, including product development, finance, and risk management, to

ensure alignment and consistency in actuarial assumptions and methodologies.

. Develop and mentor junior actuarial staff to build a high-performance actuarial team.

. Stay up-to-date with regulatory changes, industry trends, and emerging technologies and incorporate

these into actuarial practices.

Qualifications:

• Bachelor's or master's degree in actuarial science, mathematics, statistics, or related fields.
• Fellow of the Institute of Actuaries of India or other recognized actuarial body.
• Minimum of 3+ years of relevant experience in the life insurance industry, including at least 5 years of experience in actuarial valuation and reporting.
• Strong knowledge of actuarial principles and practices, including valuation methodologies and financial reporting requirements.
• Experience with actuarial software and modeling tools, such as Prophet or MoSes
• Excellent analytical and problem-solving skills, with attention to detail and accuracy.
• Strong communication and presentation skills, with the ability to explain complex actuarial concepts to non-actuarial stakeholders.
• Strong leadership and people management skills, with the ability to develop and mentor junior staff
• Proactive and adaptable, with the ability to work independently and as part of a team in a fast-paced

environment.

Job tags

Salary