Perform monthly valuation work to comply with US GAAP and Indian Statutory requirements
Perform and /or review the workings of experience analysis
Perform a review of the valuation assumptions and update the documentation for this basis the experience analysis and other analysis performed
Perform any project-like activity as may emerge from time to time
Responsibilities
Perform monthly valuation work for US GAAP and Indian Statutory requirements, prepare necessary summary reports of the monthly valuation results and explain movements in reserves
Assist senior colleagues in gathering inputs required for preparing the regulatory forms and filings
Perform experience analysis with most recent data on annual basis on different lines of business and reconcile results with results from previous years as well as the financials
Work with International Experience Study team and ensure all the best practices are implemented
Perform a review of the valuation best estimate assumptions and update the documentation basis the experience analysis results and other analysis performed
Collaborate with pricing team and admin team to gather necessary inputs for the purpose of building and updating models
Review the assumptions used in models with those documented for the valuation basis and reconcile the cashflows generated from the models by replicating them in spreadsheets and feeding the findings to the colleague building the models
Develop reporting calendar and maintain it
Identify policy data issues and work with admin team to fix the issues
Standardize and document all the analysis process
Support the senior members of the team to develop Business Plan and work related to Embedded Value and Economic Capital
Work on an any project that may arise from time to time
Requirements
Essential:
3-4 years relevant experience in the Actuarial area
Completion of min of 5 Actuarial papers (CT series)
Bachelor/Master degree in Statistics from any reputed Institutions
Sound knowledge of Advanced Excel, VBA SQL programming
Knowledge of Actuarial software will be preferable
Preferable:
Having good understanding of experience analysis and associated areas
Should have strong soft and business skills to contribute to business results
