Senior Manager - Actuarial Services

☞ Max life insurance

看过: 101

更新日: 06-05-2024

位置: Haryana

类别: 保险 服务/清洁工/女仆 PG / PB /接待处 事件

行业: Insurance Companies

薪水: ₹20,00,000 - ₹25,00,000 a year

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工作内容

    ActuarialHaryana
    Required Experience
    6 - 7 Years
    Posted On
    24 Aug 2021

Basic Section
Fixed(Per Annum)
-
No. Of Openings
1
Grade
4A
Designation
Senior Manager - Actuarial Services

Job Description

Job Description

Position

SM – Actuarial Services

No. of Positions

1

Department

Corporate Actuarial

Function

ALM, EC & Derivative

Reporting to

AVP – Actuarial Services

Band

4

Location

HO, Gurgaon


Key Responsibilities :


· Derivative – 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 – 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 –Finance,Investment Team, Risk Team, IT

2) Internal – 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

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最后期限: 20-06-2024

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