Hiring for one of the Indian Insurance client in Mumbai location for Valuation role ResponsibilitiesCarry out the statutory valuation of liabilities at the year end and associated reportings for the year end accounts and reports. This will involve working with limited oversight to a high degree of accuracy with full audit trail and controls being established under time pressure including carrying out significant investigations into the figures.Carrying out monthly valuation of liabilities and associated reportings for the month end including the statutory reporting for the year end. Providing insights to the SMT on the drivers of profits and guide Sales to sell more profit driven business.Annual review of non-economic & quarterly review of economic actuarial assumptions used for the calculation of financial metrics and presenting the results of the same to the local management, Peer Reviewer along with AVP Actuarial.Carrying out the necessary reportings to IRDA (including year end actuarial reports and other ad hoc reportings) and Institute of Actuaries of India (including AA compliance certificates).The significance of this aspect of the role has increased significantly given the increased complexity of the business and the enhanced scrutiny from IRDAI.Completion of annual year end statutory valuation and all required reporting to IRDA.Support handling IRDA onsite and offsite inspections by preparing responses to their official queries emerging from these inspections.Support provided to peer reviewer of year end results to ensure successful completion of the year end peer review.Assist in providing support to other audits/reviews pertaining to actuarial reporting.Effective communications of the output to all concerned stakeholders.Support provided to junior staff to ensure that they develop both technical and soft skills.Ensure regulatory and internal business compliance guidelines are adhered in all internal processes and external dealings to protect Shareholder interests.Fellow Actuary is Mandatory Experience Required - 6-10 years
Job Title
Life Valuation Actuary