Statutory Valuation | Actuarial | Gurgaon |
- Pramerica Life
- 2 - 7 years
- Noida, Gurugram
- 4 years ago
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Job Description
Roles and Responsibilities :-
- 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.
- 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.
- Reconcile the cash flows generated from actuarial models by replicating them in spreadsheets.
- Assist senior colleagues in gathering inputs required for preparing regulatory filings.
- Standardize and document all the analysis process.
Desired Candidate Profile
- A bachelors degree with minimum 5 actuarial exams
- At least 2-3 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, DCS etc.
- Conceptual thinker with strong analytical, data management skills, work attitudes to details and ability to manage multiple projects simultaneously Good communication and business skills to contribute to business results
If you feel interested kindly revert with an updated cv at vi*************h@pr**********e.in
Job Classification
Industry: InsuranceFunctional Area: BFSI, Investments & Trading, Role Category: General InsuranceRole: General InsuranceEmployement Type: Full timeEducation
Under Graduation: Any GraduatePost Graduation: MBA/PGDM in Any Specialization, CA in Any SpecializationDoctorate: Doctorate Not Required, Any DoctorateContact Details:
Company: Pramerica Life Insurance LimitedAddress: 4TH FLOOR,TOWER-B,BUILDING NO-9,CYBER CITY,DLF CIT, Y PH-III, GURGAON, Haryana, IndiaLocation(s): Noida, Gurugram
Keyskills: ARA statutory valuation Life Insurance GAAP IRDAI Actuarial AAAR
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Pramerica Life
Pramerica stands for Prudential of America.In India, Pramerica Life Insurance Limited is a JV company of Prudential International Insurance Holdings, Ltd., a fully owned subsidiary of Prudential Financial, Inc.; which is a 140 year old corporation and has operations in the United States, Asia, E...
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