Actuarial ERM Manager - Mumbai (Intellion Square - HO)
Posted Updated
Description
<div><p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;"><b><span lang="en-in" style="font-size:20pt;line-height:115%;font-family:Cambria, serif;color:#C00000;" xml:lang="en-in">JOB DESCRIPTION</span></b></p><p><b></b></p><b></b>
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ERM</span></p><p></p>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">REPORTING</span></b><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in"> <b>POSITION</b></span></p><p></p>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><span lang="en-in" style="font-size:12pt;line-height:115%;" xml:lang="en-in">L3</span></p><p></p>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;color:#000000;" xml:lang="en-in">Goregaon
(East), Mumbai. Corporate office</span></p><p></p>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">KEY RESPONSIBILITIES</span></b></p><p><b></b></p><b></b>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">Weightage</span></b></p><p><b></b></p><b></b>
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<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0.5in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Experience analysis:</span></p><p></p>
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<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Evaluating the Mortality Experience
for both Individual and Group business.</span><p></p></li>
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Calculating the persistency rates to
track policyholder retention.</span><p></p></li>
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Preparing the Enterprise Risk
Management Council deck highlighting the key risks which are currently
faced by Kotak Life.</span><p></p></li>
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Collaborating with the Valuation and
Shareholder Reporting teams to establish actuarial assumptions for
mortality, lapse, surrender, and paid-up experience.</span><p></p></li>
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Drafting Chapter 3 (Analysis of
Experience) for the Appointed Actuary’s Annual Report.</span><p></p></li>
<li class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Preparation of the Report on
Persistency to be sent to IRDA.</span><p></p></li>
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<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;"><span lang="en-in" style="font-size:12pt;" xml:lang="en-in">100%</span></p><p></p>
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<p class="MsoNormal" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0in;line-height:115%;"><b><span lang="en-in" style="font-size:14pt;line-height:115%;color:#FFFFFF;" xml:lang="en-in">REQUIRED QUALIFICATION AND
SKILLS</span></b></p><p><b></b></p><b></b>
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<p class="MsoListParagraphCxSpFirst" style="margin-top:0in;margin-right:-1.2pt;margin-bottom:0in;margin-left:0.5in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:14pt;font-family:Symbol;" xml:lang="en-in">·<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';">
</span></span><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Having 2 years + experience in the actuarial
team of a Life Insurer.</span></p><p></p>
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</span></span><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Successful completion of 4-7 actuarial exams from
either the Institute and Faculty of Actuaries (IFoA) or the Institute of
Actuaries of India (IAI).</span></p><p></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0.5in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:14pt;font-family:Symbol;" xml:lang="en-in">·<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';">
</span></span><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Proficient in Excel and Access</span></p><p></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0.5in;text-indent:-0.25in;line-height:normal;"><span lang="en-in" style="font-size:14pt;font-family:Symbol;" xml:lang="en-in">·<span style="font-style:normal;font-variant:normal;font-size:7pt;line-height:normal;font-family:'Times New Roman';">
</span></span><span lang="en-in" style="font-size:14pt;" xml:lang="en-in">Familiarity with DCS, SQL and VBA would be an
added advantage</span></p><p></p>
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