Senior Manager - Actuarial
Role description
A Position Overview
Position Title | Senior Manager |
Department | Statutory Valuation/Shareholders Reporting |
Level / Band | 501/Senior Manager |
Role Summary: Will be a member of either the statutory valuation or shareholders reporting team within the Actuarial function. Responsibilities include the following:
Statutory Valuation | Shareholders Reporting |
.Statutory reserves and solvency .Asset shares and bonus supportability .Analysis of Surplus | .Market Consistent Embedded Value (MCEV) .Analysis of Movement in MCEV .Business Planning |
B Organizational Relationships
Reports To | Assistant Vice President |
Supervises | None |
C Job Dimensions
Geographic Area Covered | Pan India |
Stakeholders Internal | Actuarial, Finance and Risk Function |
External | Regulator/Peer Reviewer/EV Reviewer |
D Key Result Areas
Reporting | .Timely and accurate computation of actuarial deliverables Reserve/Solvency/EV/VoNB/adhoc .Managing team members for performing and checking Prophet runs, carrying out Prophet model testing, assumption table update etc. .Responsible for working on ad-hoc queries and requests coming from various stakeholders including AIA (apart from regular BAU tasks) |
E Skills Required
Technical | .7-8 years of core actuarial experience of working with an Indian Life Insurance Company .(Desired) Prophet modelling experience |
Behavioral | Essential | Desired |
Interpersonal skills | . | |
Communication skills | . | |
Creative thinking skills | . | |
Supervising/Leadership skills | . | |
Teamwork Skills | . | |
Influencing skills | . | |
Relationship Building skills | . | |
Decision making skills | . |
F Incumbent Characteristics
Essential | Desired | |
Qualification | Nearly qualified actuarial students | Qualified |
Experience | 7-8 years of core actuarial experience | Core actuarial experience including team management experience plus knowledge of Prophet Modelling |
JOB TYPE
Industry
Function
Skills
ata AIA Life Insurance Company Limited (Tata AIA Life Insurance) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life Insurance combines Tata’s preeminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life Insurance is also one of the leading insurers in the Indian private sector.
