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Lead – Valuation (Actuary)

Full Time On Site (Full Time) @Kotak Life in Banking
  • Mumbai, Maharashtra, India View on Map
  • Post Date : September 27, 2021
  • Apply Before : October 27, 2021
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Job Description

JOB DESCRIPTION

POSITION Statutory Valuation
DESIGNATION Manager / Senior Manager
POSITION /JOB CODE JOB156
POSITION GRADE L3 / L4

DEPARTMENT Actuarial
SUB DEPARTMENT Valuation
MANAGEMENT LEVEL Middle

OBJECTIVE OF THE ROLE                                         
The successful candidate will be a member of the actuarial valuation team which is responsible for internal and external actuarial reporting.  The selected candidate will work extensively on Par fund management, reserving, IRDAI reporting and among other activities.

KEY RESPONSIBILITIES Weightage
  • Analysis and reporting related to Par fund management, With profit committee
  • Valuation – Monthly actuarial valuation of liabilities, associated reports and other MIS
  • IRDAI reporting – Annual and periodic regulatory submissions
  • Ad-hoc reports – Internal and regulatory
 

 

 

 

TOTAL 100 %

INTERACTIONS
Internal Relations: Pro-active teamwork with actuarial colleagues for meeting deliverables External Relations: Interacting effectively with other departments in the organisation to achieve objectives

REQUIRED QUALIFICATION AND SKILLS
Educational Qualifications:

Actuarial student with atleast 5 CT exam passes

Work Experience:

This position is ideal for experienced candidates with minimum 1 year of experience in a life insurance company, valuation &/or EV experience will be preferred.

Certifications:
Other skill set:

·         Advanced level knowledge of MS Excel and MS Access. VBA and SQL knowledge highly preferred. 

·         Working experience on PROPHET and DCS – alternative software skills will also be considered

·         Strong number crunching and analytical skills

·         Ability to work independently

·         Effective communication skills

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