Head of Reserving

Responsibilities:

• Develop and implement robust reserving methodologies and models, incorporating industry best practices and regulatory changes.
  
• Provide strategic insights and recommendations to FP&A, senior management based on reserve analyses and trends.
  
• Implement controls and risk management in the reserving function.
  
• Ensure effective communication of reserving results and implications to stakeholders, including Board of Directors, senior management, and external auditors.
  
• Lead the preparation and submission of reserving policy, solvency forms and regulatory reserving reports, ensuring compliance with all regulatory and professional requirements.
  
• Lead, mentor, and develop the reserving team, fostering a culture of innovation, continuous improvement, and professional growth.
  
• Stay abreast of industry developments, regulatory changes and emerging risk that may impact reserve adequacy or reporting requirements.
  
• Lead the implementation of Risk-Based Capital (RBC) and IFRS17 within the company.
  
• Analyse competitors financial results, reserving methodologies, and risk management practices to provide useful insights to senior management.
  
  
  
  Requirements

  
  

  • Fellow of a recognised actuarial body (like IAI or equivalent)
    
  • 5+ year of experience in general insurance reserving and financial reporting, including experience in a leadership role.
    
  • In-depth knowledge of Indian general insurance market and regulatory environment.
    
  • Strong analytical and problem-solving skills, with the ability to interpret complex data to make informed decisions.
    
  • Proficiency in MS Office and open-source coding languages like VBA, SQL & Python.
    
  • Strong attention to detail and ability to manage multiple priorities.
    
  • Excellent communication and presentation skills, capable of conveying complex results to non-technical stakeholders.