Senior Manager - Actuarial

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