Senior Manager - Actuarial Services
Visualizza: 101
Giorno di aggiornamento: 06-05-2024
Località: Haryana
Categoria: Assicurazione Servire / Addetto alle pulizie / Cameriere PG / PB / Ricezione Evento
Industria: Insurance Companies
Stipendio: ₹20,00,000 - ₹25,00,000 a year
Contenuto del lavoro
- ActuarialHaryana
Job Description
Position
SM â Actuarial Services
No. of Positions
1
Department
Corporate Actuarial
Function
ALM, EC & Derivative
Reporting to
AVP â Actuarial Services
Band
4
Location
HO, Gurgaon
Key Responsibilities :
· Derivative â Max Life writes and hedges significant amount of interest sensitive product and hence requires resource that can implement/execute the following:
1. Calculation of Notionals for Hedging (using FRA)
2. Preparing required audit trail and documentation surrounding the notional calculations
3. Preparing internal derivative dashboard
4. Support in mechanism to monitor unwind risk
5. Requirement to modify and enhance system to calculate notionals
· ALM â As part of ALM policy, it is required to monitor and control various financial and demographic risk which is reported internally and to the regulator and hence requires resource that can implement/execute the following:
1. Monitor Cash flow position and identify opportunities that optimizes risk and return.
2. Set up and implement required risk monitoring tools
3. Manage and conclude on various task and issues that may arise in various ALM forum
4. Calculate Economic Capital and suggest mitigation methods to reduce various risk capital required.
5. Timely and accurate submission of regulatory reports
Measure of Success:
1. Meeting the TAT defined
2. Accuracy of numbers
3. Insights provided
4. Customer value enhancement
Skills:
1. Preferred knowledge of DCS and Prophet software
2. Good knowledge of Life Insurance Business
3. Strong analytical, Communication and Documentation skills.
Primary Interactions:-
1) External âFinance,Investment Team, Risk Team, IT
2) Internal â Pricing, business planning, valuation and experience teams
Essential qualifications and experience :
Qualification - must have
Qualified/Nearly Qualified Actuary
Experience
6-7 years of actuarial experience
Knowledge and skills required :
1. Technical actuarial knowledge
2. Excel, word, DCS and prophet knowledge
3. The candidate should actively participate in the assigned work
4. The candidate should be able to add value to the project and help arrive at useful and meaningful results
Scadenza: 20-06-2024
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