Execuitve / Senior Executive – Actuarial Reserving

Description

Job Scope / Position Summary

To conduct, review and report the monthly reserving for various General Insurance lines of business. Clearly communicate all
findings and significant movements in any of the portfolios to finance and all key stakeholders every month.

Main Responsibility

1. Review with the team the quarterly and annual BAP IRDA reporting tasks and annual regulatory submissions
2. Conduct and ensure timely delivery of any other regulatory and shareholder reporting or analytics requirements
3. Conduct and ensure timely delivery of any other regulatory and shareholder reporting or analytics requirements
4. Conduct and review annual and quarterly Asset liability management assessment
5. Prepare the annual financial condition report and economic capital computation
6. Work with all the teams in reviewing and development of the strategic plan.
7. Ability to work with minimum supervision and problem solving ability
8. Completion of tasks on time and at desired standards including documentation and audit trails
9. Accuracy of results and comprehensiveness of the pricing model/reports
10. Liaise with other members within Product management team and accomplish other projects that are assigned from time
to time

Qualification and Experience Requirement

Education :  At least 6 Actuarial exams cleared

 Awareness of competitive landscape in the Indian General Insurance market and IRDA
regulations would be an added advantage
Experience of EMBLEM product pricing and other statistical analysis software like R, SAS, SQL
Server will be an added advantage.

Experience : Minimum prior experience of 3-5 years working in an insurance and/or actuarial consultancy

is required

Pu
blic
Asia Regional Office –Job Description 2
Behavioural Skills (Role
specific)

:  Communication: Conveys effectively to customers, team and team leaders
to yield desired results 
 Active Listening: Mostly demonstrates/ Demonstrates & educates the
ability to concentrate, comprehend and respond to things being said by
customers, team and team leaders.
 Time Management & Prioritizing: Builds the time plan for self and team to
deal with multiple and complex tasks. 
 Result Orientation: Mostly demonstrates/ Demonstrates & educates the
ability to focus, enable and drive teams persistently to achieve assigned
targets.
 Relationship skills: Mostly demonstrates/ Demonstrates & educates the
ability to build and maintain effective working relationships by creating
value.
 Domain knowledge: Mostly demonstrates/ Demonstrates & educates the
ability to lead teams with subject authority and industry experience.
 Decision Making: Demonstrates & educates the ability to come up with
logical options to facilitate teams to take a decision. 
 Stakeholder management: Understands and sets expectations towards all
stakeholders and delivers considering organizational success. 
 Innovation and Creativity: Explicitly seeks out new ideas from team for
improvement in current practices and industry best practices towards
initiating required changes. 
 Delegation: Takes personal responsibility for team’s actions, giving
autonomy and accountability to team members
 Project Management: Executes and monitors projects to achieve specific
goals in defined timelines.

Functional Skills (Role
Specific)

Should have experience of reserving