Assistant Manager - Actuarial

Position Title

Assistant Manager - Actuarial

Department

Actuarial

Level / Band

301/Assistant Manager

Reports To

Senior Manger

Supervises

None

Geographic Area Covered

PAN India

Stakeholders Internal

Shareholders, Legal, IT, Policy Owner Services

External

IRDA

Monthly valuation

Responsible to monthly valuation of policies and timely delivery of results to Finance and Accounts

Checking accuracy of data used for valuation

Carry out validation checks of policies to ensure accuracy of data provided

Checking movement of reserves

Carry out checks on reserves movement and explain the unusual movements

Coding of new products in PROPHET

Code new products in PROPHET software for valuation purpose

IRDA NB

Prepare New business report for IRDA on monthly basis

Movement of policies

Analyses movement of policies from year to year and carry out period exercise of movement of policies to ensure proper annual reporting

Annual reporting

Prepare Annual abstract and report and Appointed Actuary report for IRDA submission

Work on IRDA related queries

Needs to work on queries raised by IRDA with regard to Annual report or during audits or any other submissions

Experience Study

Carry out various experience study like Mortality, morbidity, lapse, expenses etc.

Work on queries raised by Operations

Is responsible to handle related queries coming from Operations

Risk

Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.

Technical

Knowledge of PROPHET, MS Access is desirable

Behavioral

Essential

Desired

Interpersonal skills

.

Communication skills

.

Creative thinking skills

.

Supervising/Leadership skills

.

Teamwork Skills

.

Influencing skills

.

Relationship Building skills

.

Decision making skills

.

Essential

Desired

Qualification

Completed CT series and equivalent subjects from the professionally recognized institute only

Experience

4-6 years experience in life insurance company and at least 2 years in private life insurance company.