Bajaj Allianz - Assistant Manager/Deputy Manager - Valuation IFRS 17 (2-3 yrs)

Statutory Reserves and Solvency: -

- Perform the Statutory Valuation of the company on a monthly basis and compute the Solvency Ratio of the company.

- Ensure adherence to the valuation methodology of the company and ensure the same is in line with Regulations

- Raise change requests to the Prophet Models and perform UAT and Regression testing on the same.

- Assist in explaining the movement in reserves month on month and produce checks in terms of appropriate reserve ratios.

- Perform computation of the ASM and Solvency Ratio of the company in line with Regulations.

IFRS17 Implementation: -

- Assist in the IFRS17 GAP analysis and implementation.

Experience Analysis and assumption setting : -

- Derive experience for investment, expense, morbidity, free look, revival and set corresponding assumption.

- Collaborate with Experience Analysis team on review of assumptions for mortality and discontinuance.

- Ensure compliance of MADs with Regulations and APS.

- Prepare documentation of the assumption setting process and get the assumptions reviewed by Appointed Actuary.

Regulatory Forms and Reporting : -

- Ensure compliance with all Regulatory deliverables within timelines. These include Quarterly Solvency, Public disclosures, NAV certification etc.

- Assist in preparation of the Annual Reports - ARA and AAAR along with specified annexures.

- Assist in preparation of the Financial Condition Report and Peer Review report.

Reinsurance reports and submission: -

- Ensure compliance with all Regulatory deliverables related with reinsurance quarterly and annually.

- Collaborate with reinsurance team to develop new products in Renova and checking output at a periodical interval.

- Preparation of the annual reinsurance report and returns.