DVP - Acturial (ALM, Valuation & Reporting)Generali Central Life Insurance • ajit, India

No longer accepting applications

DVP - Acturial (ALM, Valuation & Reporting)

Generali Central Life Insurance • ajit, India

23 hours ago

Job description

Job Title - DVP Actuarial

Location - Mumbai (Vikhroli)

Reporting Structure - Reporting to Appointed Actuary

Managerial and functional responsibilities

Functional responsibilities

Board and Committee papers management
Addressing queries raised by IRDAI, internal audit, external audit etc.

ALM and FRA Management

Perform quarterly ALM to monitor duration gap, cash flow gap; assess exposure to interest rate risk, reinvestment risks and liquidity risk.

Engage with Finance / Investment teams to align asset strategies with liability profiles

Perform scenario and stress testing for regulatory ALM reporting as part of AAAR

Prepare quarterly ALM Report to GARO, ensuring timely and accurate submission

Evaluate business plan ALM metrics – duration gap and cash flow gap

Support Investment team on preliminary SAA and Final SAA submissions to GHO

Addressing queries raised by GARO, GHO, regulator

Support in ad hoc reports as and when required by GARO / GHO

Experience Analysis and Assumption Setting

Perform quarterly and annual year end regulatory reporting on experience analysis – persistency, mortality, etc.

Conduct detailed experience studies for persistency, including lapse and surrender across product lines, channels, cohorts, and durations and drive the persistency along with Channel heads

Carry out mortality studies by comparing actual vs expected mortality experience across different segments, products, channel, etc.

Identify emerging trends and provide actuarial insights to relevant stakeholders for assumption setting and pricing

Collaborate with Underwriting and Claims team to investigate deviations or shifts in claims experience.

Annual review of non-economic & quarterly review of economic actuarial assumptions used for the calculation of various reporting

Supporting shareholder reporting team on setting assumptions for Embedded Value and Business Plan on an annual basis

Prepare risk management sub committee deck for actuarial function highlighting the persistency and mortality trends

Highlighting the trends in monthly persistency to the senior management

Supporting ad hoc requirements as required by reinsurance / pricing team to onboard a new reinsurer

Update the SOP for all the processes on an annual basis or earlier if required

Prophet Modelling

Develop and enhance actuarial models used for various reporting such as shareholder, statutory, IFRS17, SII etc.

Modelling of newly launched products in Prophet

Modelling of Change Request from User’s team in Prophet

Upkeep of the Prophet Models.

Managing the prophet licensing with FIS

Ensure outputs from the team are well

Ensure model governance and control frameworks, maintaining documentation, and version management in line with internal SOPs and audit

Managerial responsibilities

Support provided to junior staff to ensure that they develop both technical and soft skills.

Ensure outputs from the team are well understood so that they can be used in the appropriate manner, in particular to ensure that business discussions and decisions take into account their impact.

Effective communications of the output to all concerned stakeholders.

Operational Effectiveness & Control

Ensure controls are in place as required by Internal Compliance, internal audit and Risk Teams / IRDA and foster a culture of compliance.

Reduction in timescales for carrying out tasks without compromising on quality.

Ensure regulatory guidelines are adhered in all internal processes and submissions to the regulator and other external stakeholders

Ensure all activities are carried out in a controlled manner with the necessary documentation thereby ensuring that no high risk points are raised in internal / external audits.

Assist in identifying areas of process improvements and carry out the necessary changes, with the objective of improving quality and efficiency in the team.

Qualifications

Qualified actuary

Experience

9-11 years preferrably in Life Insurance

Create a job alert for this search

Reporting • ajit, India

Related jobs

Taxation Specialist (Direct & Indirect) - Leading NBFC

The Premier Consultants ( Recruitment Company ) • ajit, India

We’re Hiring! Taxation Specialist (Direct & Indirect) with a Leading NBFC !!!.Location : Mumbai | Experience : 4+ Years.Qualification : CA / CA Inter / MBA (Finance) / M. We’re looking for a Tax Audi...Show more

Last updated: 17 hours ago • Promoted • New!

Account Team Lead

IMS Decimal • ajit, India

IMS Decimal | Job Description for Senior Executive-Taxation.Reports to : Assistant Vice President.The Financial Controller will oversee all financial and accounting operations, ensuring accuracy, co...Show more

Last updated: 17 hours ago • Promoted • New!

SAP Financial Consultant

Sesheng Company • ajit, India

SAP CFIN Functional Tester (S / 4HANA QA).This is a dedicated QA / Testing role.Hybrid in India (Hyderabad, Bengaluru or Chennai). We are seeking a highly skilled.SAP Central Finance (CFIN) Functional T...Show more

Last updated: 23 hours ago • Promoted

Sr. VP / VP HR ( CORPORATE )

For one of the biggest apparel manufacturing group • ajit, India

Apparel manufacturing group catering to some of the most popular International Fashion Brands globally.S / he will be responsible to calibrate & implement most suitable and appropriate HR policies ( ...Show more

Last updated: 8 days ago • Promoted

Senior Associate- FIG

Acuity Knowledge Partners • ajit, India

We are looking for a passionate, energetic individual to join our Lending Services division.You will be part of team working as an extension to our European and US clients ensuring we fulfil the ap...Show more

Last updated: 17 hours ago • Promoted • New!

FICO Blaze

Tata Consultancy Services • ajit, India

TCS is looking for FICO DM / FICO Blaze applications.Required technical skill set : FICO DM / FICO Blaze.MUST HAVE SKILL : FICO DMP, FICO PLOR, FICO Blaze / FICO OMDM. GOOD TO HAVE SKILL : Experience in any ...Show more

Last updated: 23 hours ago • Promoted

VP Strategy & New Initiatives

Hoora • ajit, India

Hoora is seeking an AVP – D2C to lead the end-to-end strategy, growth, and operations of our Direct-to-Consumer vertical. This role carries full P&L ownership and is responsible for scaling GMV, AOV...Show more

Last updated: 17 hours ago • Promoted • New!

Capital structure accountant

DealsPlus • ajit, India

DealsPlus offers one seamless platform to manage private equity investment structures.Our aim is to empower our clients to use technology intelligently, giving them visibility and control over thei...Show more

Last updated: 17 hours ago • Promoted • New!

Vice President

NG7 Security & Surveillance Pvt ltd • ajit, India

We suggest you enter details here.This is a full-time on-site role for a Vice President at NG7 Security & Surveillance Pvt Ltd, located in Delhi, India. The Vice President will be responsible for de...Show more

Last updated: 5 hours ago • Promoted • New!

Finance Associate

edumerge • ajit, India

India’s leading ERP platform for Schools and Colleges.We are scaling fast and need a sharp, hungry finance operator who can own cashflow, collections, billing discipline, vendor payments, and month...Show more

Last updated: 5 hours ago • Promoted • New!

Vice President

Natixis Services in India • ajit, India

Job Title : Vice President - Corporate Coverage and Operations.Experience Required : At least 12+ years of senior front office experience with large corporates. Chief Executive Officer (CEO) & Head - ...Show more

Last updated: 17 hours ago • Promoted • New!

USA Senior Accountant

iConsultera • ajit, India

Job Title : USA Senior Accountant.Work Hours : 6 : 00 PM TO 3 : 00 AM (Monday to Friday).Consultera is seeking candidates as “Accounting Supervisor” with strong educational backgrounds and some corporate...Show more

Last updated: 14 days ago • Promoted

Senior Manager

PwC Acceleration Centers • ajit, India

We have opening for AI Solution Lead / Senior managers.Location : Bangalore, Hyderabad, Kolkata, Mumbai, Gurgaon.The AI Solution Lead will spearhead the design, architecture, and deployment of intell...Show more

Last updated: 23 hours ago • Promoted

Assistant Manager – Portfolio Management

Glenmark Pharmaceuticals • ajit, India

Designation : Assistant Manager – Portfolio Management, North America.Reporting to : Senior Manager, Portfolio Management. Role - Activities, Accountabilities and Responsibilities : .Analyze pharma mark...Show more

Last updated: 17 hours ago • Promoted • New!

Analyst to Global CFO’s Office

Husk Power • ajit, India

Job Description – Analyst to Global CFO’s Office.Husk Power Systems (“Husk”) is an award-winning climate-resilient company serving rural India and Sub-Saharan Africa. In 2023, it was named “World’s ...Show more

Last updated: 23 hours ago • Promoted

Financial Controller cum Deputy CFO

Blue Genes Research (BGR) • ajit, India

Finance Lead (Finance Controller cum Deputy CFO – Commercial Heavy Role).Finance Lead (Finance Controller – Commercial Heavy Role). LPA (Not more - Including 15% Variable).Finance Controller level (...Show more

Last updated: 23 hours ago • Promoted

VP of Product Engineering

Rootle • ajit, India

Scaling | Well-funded | Series A soon.This is a startup role for someone who wants to be remembered - not just employed.Rootle is building the future of human–machine interaction.We are solving one...Show more

Last updated: 23 hours ago • Promoted

AVP / DVP - Corporate Sales - Employee Benefits

TATA AIG General Insurance Company Limited • ajit, India

Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG).Since its set-up in 2001, the Company has grown strongly to emerge as the pre...Show more

Last updated: 23 hours ago • Promoted