Develop and implement robust reserving methodologies and models, incorporating industry best practices and regulatory changes.
Provide strategic insights and recommendations to FP&A, senior management based on reserve analyses and trends.
Implement controls and risk management in the reserving function.
Ensure effective communication of reserving results and implications to stakeholders, including Board of Directors, senior management, and external auditors.
Lead the preparation and submission of reserving policy, solvency forms and regulatory reserving reports, ensuring compliance with all regulatory and professional requirements.
Lead, mentor, and develop the reserving team, fostering a culture of innovation, continuous improvement and professional growth.
Stay abreast of industry developments, regulatory changes and emerging risk that may impact reserve adequacy or reporting requirements.
Lead the implementation of Risk-Based Capital (RBC) and IFRS17 within the company.
Analyse competitors' financial results, reserving methodologies, and risk management practices to provide useful insights to senior management.
Requirements:
Fellow of a recognised actuarial body (like IAI or equivalent)
5+ year of experience in general insurance reserving and financial reporting, including experience in a leadership role.
In-depth knowledge of Indian general insurance market and regulatory environment.
Strong analytical and problem-solving skills, with the ability to interpret complex data to make informed decisions.
Proficiency in MS Office and open-source coding languages like VBA, SQL & Python.
Strong attention to detail and ability to manage multiple priorities.
Excellent communication and presentation skills, capable of conveying complex results to non-technical stakeholders.
