Analyst III - Shareholder Reporting

Group Company : Edelweiss Tokio Life Insurance Company Limited

Designation : Analyst III - Shareholder Reporting

Office Location :

Position description :

JOB DESCRIPTION

Basic Information

Position Title

Analyst III – Shareholder Reporting

Internal Designation

Chief Manager

Job Role

Analyst III – Shareholder Reporting

Reporting to

Head – Shareholder reporting, WPC & IFRS

Sub LOB / Department

Actuarial

Location

Mumbai

Total Headcount (Direct) Supervised

Total Headcount (Direct / Indirect) Supervised

Job Purpose

To manage timely reporting of shareholder profitability metrics and experience studies while ensuring accuracy.

Key Responsibilities

Responsibilities

• To report the embedded value (EV) and value of new business (VNB) and do a detailed analysis of their movement
• To analyze deviations between the actual numbers and planned business numbers
• To report experience analysis of persistency, mortality, expense, revival etc.
• To set assumptions using experience analysis for various purposes
• To report risk based capital calculation to the JV partner
• To report the reserves based on Ind-AS reporting
• To perform sensitivity and scenario testing on EV and VNB.
• To create IRDAI reports and prepare response to the queries related to above work

Specific Authorities( Financial & Non Financial)

Not Applicable

Key Performance Indicators

TAT Compliance = %

% Accuracy (0 errors)

Job Requirements

Qualifications

Graduate who has completed more than 8 papers

Experience

At least 5 years’ experience in Life Insurance industry preferably in Shareholder Reporting

Functional Competencies

Behavioral Competencies

Key Interactions

Internal

Nature or purpose of interaction

Corporate planning

Reporting of EV / VNB / experience analysis for MIS

Finance team

Entries in Financials, Ind-AS reporting, Reconciliation of numbers

Tokio marine (JV)

Submission of EV / VNB reporting, RBC and response to any query raised

Investment team

Inputs for EV / RBC, Reconciliation of numbers

CEO’s Office

Board requirements

Actuarial – valuation

Data and DCS related

Actuarial – Pricing

Products and pricing model related queries / discussion

External

Nature or purpose of interaction

Peers in other organizations

Discussion on industry practice

Documented By

Lead - SH Reporting

Approved By

Head - Advisory, Risk Assessment & Reporting

HR certification By

HR - BP

Primary Responsibilities :