Website Pramerica Life Insurance
Key Responsibility:
– Perform monthly valuation work per Indian Statutory requirements, prepare necessary summary reports of the monthly valuation results and explain movements in reserves.
– Perform monthly and quarterly solvency margin calculations in accordance with IRDAI requirements.
– Identify Individual and group life policy data issues and work with IT/Admin team to fix them.
– Maintenance of DCS tool and valuation data along with necessary compliance controls and audit checks.
– Preparing various quarterly and annual IRDAI submission pertaining to ARA, AAAR, Actuarial Forms BAP submission, public disclosures etc.
– Performing asset share roll-forward to manage profitability and reserves of Par business.
– Performing declared bonus calculations and assist in handling requirements of the WPC committee of the Company.
– Assist in handling queries from Peer Reviewer, Statutory Auditor & IRDAI on sufficiency of reserves and solvency positions.
– Perform an annual review of the best estimate valuation assumptions and update the assumptions documentation basis the experience analysis results and other analysis performed.
– Review the assumptions used in the model with those documented for valuation basis and reconcile the cash flows generated from the models by replicating them in spreadsheets.
– Standardize and document all the business skills to contribute to business results.
Job Specifications:
– Bachelor’s/Master’s degree with minimum 5 actuarial exams.
– At least 4 – 6 years of working experience preferably in the valuation function of a life insurance company.
– Sound knowledge of advanced MS Excel, VBA and R programming.
– Knowledge of Actuarial software like Prophet.
To apply for this job please visit www.iimjobs.com.
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