About the role
JOB DESCRIPTION
DEPARTMENT
Actuarial ERM
REPORTING POSITION
L6
WORK LOCATION
Goregaon (East), Mumbai. Corporate office
KEY RESPONSIBILITIES
Weightage
- Asset Liability Management:
vPreparation of the Asset Liability Management Council deck to be presented to the management.
vCalculating and monitoring the derivative position of the company to ensure sufficient hedging.
vCalculation and monitoring of duration & cashflow gaps along with explanation of key changes
vEvaluation of guarantees embedded in the products.
vTesting the resilience of the Balance Sheet against market related stresses
vAssessment of the Strategic Asset Allocation for each fund
- Economic Capital:
vCalculating the Economic Capital requirement of the company as well as explanation of how the capital requirement is changing each quarter.
vCalibration of the shocks required for Economic Capital.
vAdhoc improvements and changes in the Economic Capital process to comply with any directives/circulars proposed by IRDAI.
- Risk Based Capital
vCalculating/assisting in the preparation of the Risk Based Capital numbers as per guidelines set out by IRDAI.
TOTAL
100%
REQUIRED QUALIFICATION AND SKILLS
Other skill set:
·Near qualified or qualified actuary from either Institute and Faculty of Actuaries (IFoA) or the Institute of Actuaries of India (IAI).
·Having 4-7 years of experience in a Life Insurer.
·Experience in Prophet and DCS.
·Prior experience in Valuation, Shareholder Reporting or Risk team preferred.
·Stakeholder Management.