Vice President - Actuarial - Life Insurance (12-20 yrs)

Our client is a leading life insurance client.

Designation- VP-Actuarial- Pricing & Shareholder reporting.

Reporting to - Appointed Actuary.

Key Responsibilities:

Pricing:

- To review pricing model and cash flow based on the product requirements.

- To review sensitivity and scenario testing.

- To review File & Use document for IRDA filing.

- To review the query response under product filings for IRDAI.

- To provide necessary support to IT team for setting new product/modification of existing products and features in the system and developing calculators for the system as and when required.

- To review testing the implementation of products in SIS and Ingenium.

- To perform Risk Assessment & Pricing.

- To oversee the procedure of Product Filing.

- To provide guidance to team members.

Embedded Value:

- To report the embedded value (EV) and value of new business (VNB) and do a detailed analysis of their movement.

- To analyze deviations between the actual numbers and planned business numbers

- To review and report experience analysis of persistency, mortality, expense, revival etc.

- To set assumptions using experience analysis for various purposes.

- To review and report risk based capital calculation to the JV partner.

- To review and report the reserves based on Ind-AS reporting.

- To report sensitivity and scenario testing on EV and VNB.

- To create IRDAI reports and prepare response to the queries related to above work

- To provide guidance to team members.

Education/Experience:

- At least 12 years' experience in Life Insurance industry preferably in Pricing and Shareholder Reporting.

- Qualified actuary.

Functional Competencies:

- Risk Assessment.

- Actuarial Technical Expertise.

- Modelling Tools

- Regulatory Knowledge.