Chief Manager - Actuarial Services

About Axis Max Life

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a joint venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.

Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and a well-trained human capital.

Axis Max Life has been consistently ranked among the best workplaces by the GPTW Institute, reflecting its commitment to creating a positive and empowering work environment.

#ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply

Job Description:

Key Responsibilities:

Business Plan and Support in RBC & IFRS Implementation in actuarial projections

Business Planning:

• Performing yearly business plan activity involving projection of the Margins, EV, Stat Profit etc.

• Tracking of the plan numbers against the actual and identifying the reasons for the differences.

• Annual IRDAI submission on FCR, Annexure ST and Section 7 of AAAR/ARA.

• Performing Expense Unitisation and set expense assumptions to be used for EV, NBM and Statutory reporting.

• Expense Allowable reporting: The role would require monthly and quarterly expense allowable reporting to the financial planning team.

• Supporting RBC implementation in Business Plan projections.

• Supporting IFRS implementation in Business Plan.

Other Ad-hoc areas of responsibilities

• Support in determining Company’s MoS achievement.

• Shareholder related matters involving actuarial or other business matters

• Support in Board related matters

• Support in arriving at mortality, persistency and expense assumptions to be used for actuarial projection

State:

Home Office

Branch:

Gurugram HO

Department:

Actuarial

Function:

Actuarial - Services

Posted On:

21-Oct-2026