Corporate Manager - Actuarial Reserving

About the job :

Designation : Corporate Manager - Actuarial Reserving

Company Description

Care Health Insurance is a specialized health insurer offering a range of products in the retail and corporate segments, including Health Insurance, Personal Accident, Maternity, Travel Insurance, and Critical Illness coverage. The company focuses on customer-centricity and leverages technology to provide innovative and value-for-money services. Care Health Insurance has been recognized with several prestigious awards for its products and customer service.

About the Role

The role requires good understanding of the actuarial reserving methodologies for different lines of business. The role will assist in carrying out portfolio analysis and preparing presentations for senior management. The role requires ability to take up new projects and create processes from scratch independently. The role will involve other analytical work like actual vs expected analysis, preparation of audit trail, helping Head of Reserving on various regulatory submissions. The role requires ability to work with large data sets. Ability to follow technical instructions and work independently on various processes related to reserving including data preparation and reconciliation. Should have good understanding of data, systems. Ability to work under pressure and coordinating with other business units like Claims, Finance, IT etc. Work closely with Senior Actuarial professionals to aid in Reserving, Regulatory Reporting and Capital Modelling. Build and lead a team of motivated actuarial personnel with varied skill sets to handle a variety of reserving models and capital modelling projects. Undertake Reserving valuation analysis across all lines of business and evaluate any areas of uncertainty to estimate their potential impact on reserves. Ensure error-free and compliant regulatory reports as per internal business processes with clear documentation and explanation, to ensure reports comply with the regulatory reporting norms, adhere to regulatory timelines, and correctly reflect the Company's financial position. Keep up internal reserving practices abreast with market good practices and actuarial professional standards. Be custodian of reserving and reporting processes and oversee that the process is well laid out and followed. Reserving and reporting process includes aspects (but not limited to) like ensuring high quality data, model building, review of assumptions and key performance indicators, model validation, updating of models, estimation of final reserves after due considerations. To address Regulatory concerns and ensure compliance and smooth processing of Year End Valuations. To build working relationship with the Regulator.

Qualifications

• Background Education : Graduation, Post graduation in areas of finance will be even better suited. However, the below mentioned professional qualification will be primary criterion for education.
• Professional Qualification : 8+ papers
• Experience : Around 5-10 years of work experience in actuarial areas of General Insurance or Health Insurance.

Location : Gurgaon

Required Skills

Preferred Skills

Knowledge of Indian GI / Health Insurance market would be an advantage.

Interested candidates can mail their CVs at