Assistant Manager - Actuarial

JOB DESCRIPTION A Position Overview Position Title Assistant Manager - Actuarial Department Actuarial Level / Band 301/Assistant Manager

Role Summary : Responsible for Monthly valuation, checking accuracy of data used for valuation, Movement of policies and Work on queries raised by Operations.

B Organizational Relationships

Reports To

Senior Manger Supervises None C Job Dimensions Geographic Area Covered PAN India Stakeholders Internal Shareholders, Legal, IT, Policy Owner Services External IRDA D Key Result Areas Monthly valuation Responsible to monthly valuation of policies and timely delivery of results to Finance and Accounts Checking accuracy of data used for valuation Carry out validation checks of policies to ensure accuracy of data provided Checking movement of reserves Carry out checks on reserves movement and explain the unusual movements

Coding of new products in PROPHET

Code new products in PROPHET software for valuation purpose

IRDA NB

Prepare New business report for IRDA on monthly basis Movement of policies Analyses movement of policies from year to year and carry out period exercise of movement of policies to ensure proper annual reporting Annual reporting Prepare Annual abstract and report and Appointed Actuary report for IRDA submission Work on IRDA related queries Needs to work on queries raised by IRDA with regard to Annual report or during audits or any other submissions Experience Study Carry out various experience study like Mortality, morbidity, lapse, expenses etc. Work on queries raised by Operations Is responsible to handle related queries coming from Operations Risk Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes. E Skills Required Technical Knowledge of PROPHET, MS Access is desirable

Behavioral

Essential

Desired

Interpersonal skills

   Communication skills        Creative thinking skills        Supervising/Leadership skills        Teamwork Skills

Influencing skills

   Relationship Building skills        Decision making skills         **F Incumbent Characteristics**     **Essential**   **Desired**   **Qualification**   Completed CT series and equivalent subjects from the professionally recognized institute only    **Experience** 

4-6 years experience in life insurance company and at least 2 years in private life insurance company.

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