7 Modeling Jobs in Mumbai Suburban

Broad objective:

Calculate reserves for the business by LOB, assess Ultimate Loss Ratio (ULR) for all segments to ensure adequate reserves are built in.

Responsibility Area Key Responsibilities:

- Collate the data required to conduct the analysis. Review the data to ensure accuracy.

- Conduct assumption analysis of the Non-Motor TP segment to ensure accuracy.

- Perform Reserve Adequacy Analysis to highlight any foreseeable risk. Share analysis with insights with the stakeholders to enable key business decisions.

- Accuracy of data

- Timely completion and submission of Actuarial deliverables

- Internal customer satisfaction based on quality of service provided / interactions / support

Capital Modelling:

- Review the data inputs received from the Finance department on the Asset Liability Management and the Capital Modelling work to ensure accuracy.

- Assess the methodology used and its appropriateness. Add parameters to the model, where required.

- Improve predictability of the model by using appropriate assumptions.

- Review results to ensure accuracy of calculations.

- Identify and highlight key risks to the Appointed Actuary.

- Accuracy of data

- Timely completion and submission of Actuarial deliverables

- Timely and Accurate

- Highlight the impact of key internal and external changes to the model and its output.

- Review the capital model output to check for reasonability.

- Submit the report to the regulator in a timely and accurate manner.

- Perform Solvency Simulation Modelling and report to the Bank to assess the capital adequacy.

- Conduct a check on solvency and prepare forecasts for Budget Loss Ratios. submission of reports as requested by Auditors and Regulator

Regulatory Reporting:

- Collate data and prepare analysis for the relevant sections of the Financial Condition Report and the IBNR report.

- Review analysis to ensure accuracy of calculations.

- Monitor queries from IRDA and ensure responses are provided in a timely and accurate manner. - Work closely with the peer reviewers, statutory auditors and Comptroller and Auditor General (CAG) auditors to ensure they receive all the required data in a timely manner.

- Timely and Accurate submission of reports as requested by Auditors and Regulator

Ad HocAnalysis:

- Work with the stakeholders to understand the request.

- Collate the data required to perform the analysis. Maintain a database for future ad hoc requests.

- Prepare the analysis and share the reports in a timely and accurate manner.

- Review the reports to ensure accuracy of data and calculations.

- Accuracy of data Internal customer satisfaction based on quality of service provided / interactions / support