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

No longer accepting applications

DVP - Acturial (ALM, Valuation & Reporting)

Generali Central Life Insurance • vellore, India

1 day 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 • vellore, India

Related jobs

Global Analyst

Alp Consulting Ltd. • Vellore, IN

Strong analytical skills, with experience in structuring and interpreting complex data sets.Excellent written and verbal communication skills, with the ability to present findings clearly to divers...Show more

Last updated: 13 days ago • Promoted

Senior Manager – Strategic Finance

Air India SATS Airport Services Private Limited (AISATS) • Vellore, IN

ABOUT AIR INDIA SATS AIRPOST SERVICES PRIVATE.AISATS, a leading gateway services provider in India, is a 50-50 joint venture between Air India Limited (a part of the TATA Group) and SATS Limited, a...Show more

Last updated: 21 days ago • Promoted

Senior T24 Developer - Investment Banking

Systems Limited • Vellore, IN

The ideal candidate will possess strong technical expertise in.Securities workflows, Temenos API frameworks, and system integrations. This role involves leading the end-to-end delivery of T24 techni...Show more

Last updated: 19 days ago • Promoted

Senior Manager

Lactalis India • Vellore, IN

Description : Manager – Accounts Payable & Accounts Receivable (Shared Services).Department : Finance Shared Services.Reports To : Head – Finance & Accounts. Location : Lactalis India, Chennai.To lead a...Show more

Last updated: 22 days ago • Promoted

Capital structure accountant

DealsPlus • Vellore, IN

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: 1 day ago • Promoted

FATCA / CRS Reporting Specialist

Optax • Vellore, IN

Optax Limited is a small but growing advisory business that uses our bespoke software and technical expertise to simplify FATCA & CRS reporting and ensure compliance accuracy.Focusing on private fu...Show more

Last updated: 30+ days ago • Promoted

FI - SD - MM - SAC Roles (US based)

deBCor Engineering • Vellore, IN

BCor Engineering is comprised of platinum-level SAP consultants with unparalleled expertise and a history of successful S4 implementations. Our team provides strategic and execution consulting, spec...Show more

Last updated: 11 days ago • Promoted

Director-FCCS Consolidations(Oracle Financial) Delivery

Sutherland • Vellore, IN

For business leaders, these are key factors of success.For us, they’re our core expertise.We work with iconic brands worldwide. We bring them a unique value proposition through market-leading techno...Show more

Last updated: 15 days ago • Promoted

Senior Data Analyst - Finance & Accounting

bluCognition • Vellore, IN

Senior Data Analyst – Finance & Accounting.Finance and Accounting analytics.This role will partner closely with Finance, Accounting, and cross-functional stakeholders to deliver high-quality insigh...Show more

Last updated: 6 days ago • Promoted

Senior Financial Planning & Analysis (FP&A) Professional

Offshore Minds • Vellore, IN

We partner with a diverse clientele of private equity investors, developers, and fund managers across the U.We are looking for a Senior FP&A Professional to join our high-performance team.You will ...Show more

Last updated: 7 days ago • Promoted

SAP Financial Consultant

Sesheng Company • Vellore, IN

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: 1 day ago • Promoted

Vice President, Engineering Management Lead – Agentic AI

Genpact • Vellore, IN

Ready to build the future with AI? At Genpact, we don’t just keep up with technology—we set the pace.AI and digital innovation are redefining industries, and we’re leading the charge.Genpact’s AI G...Show more

Last updated: 15 days ago • Promoted

Forward Deployed Analyst (Ex-IB / PE / HF / Buyside)

Arcana • Vellore, IN

Forward-Deployed Analyst – Portfolio Intelligence.Arcana builds institutional-grade analytics for leading hedge funds and asset managers. We’re hiring exceptional analysts to partner with portfolio ...Show more

Last updated: 30+ days ago • Promoted

VAT Associate (Remote)

Talent Higher • Vellore, IN

Remote

VAT Associate - REMOTE POSITION.Our client is seeking an Offshore VAT Associate to assist with VAT compliance, reporting, and client advisory support. This role is ideal for an accounting or finance...Show more

Last updated: 30+ days ago • Promoted

SAP FICO + Treasury Architect

BITVERGE TECHNOLOGY AND CONSULTING PRIVATE LTD • Vellore, IN

We are seeking a highly experienced.Financial Accounting, Controlling, and Treasury solutions within SAP.The candidate will act as the primary finance technology adviser for business stakeholders, ...Show more

Last updated: 26 days ago • Promoted

Senior Analyst - Performance Attribution, Malaysia

Invartis Consulting • Vellore, IN

Job Location - Cyberjaya Malaysia.This role will require relocation to Malaysia.The position is not based in India.We are seeking to hire well experienced Techno-functional Investment Performance O...Show more

Last updated: 30+ days ago • Promoted

Assistant Manager Finance

TBO.COM • Vellore, IN

TBO is a global platform that aims to simplify all buying and selling travel needs of travel partners across the world.The proprietary technology platform aims to simplify the demands of the comple...Show more

Last updated: 21 days ago • Promoted

Senior Investment Professional

SLK • Vellore, IN

Job Description – Senior Investment Professional.Senior Investment Professional.Remote work based in India (Full-Time).SLK is a specialist climate change and healthcare advisory firm dedicated to a...Show more

Last updated: 30+ days ago • Promoted