Chief Manager - ALM (Actuary) - Mumbai (Goregaon East)

DEPARTMENT

Actuarial ERM

REPORTING POSITION

L6

WORK LOCATION

Goregaon (East), Mumbai. Corporate office

KEY RESPONSIBILITIES

Weightage

• Asset Liability Management:

v Preparation of the Asset Liability Management Council deck to be presented to the management.

v Calculating and monitoring the derivative position of the company to ensure sufficient hedging.

v Calculation and monitoring of duration & cashflow gaps along with explanation of key changes

v Evaluation of guarantees embedded in the products.

v Testing the resilience of the Balance Sheet against market related stresses

v Assessment of the Strategic Asset Allocation for each fund

• Economic Capital:

v Calculating the Economic Capital requirement of the company as well as explanation of how the capital requirement is changing each quarter.

v Calibration of the shocks required for Economic Capital.

v Adhoc improvements and changes in the Economic Capital process to comply with any directives/circulars proposed by IRDAI.

• Risk Based Capital

v Calculating/assisting in the preparation of the Risk Based Capital numbers as per guidelines set out by IRDAI.

TOTAL

100%

REQUIRED QUALIFICATION AND SKILLS

Other skill set:

· Near qualified or qualified actuary from either Institute and Faculty of Actuaries (IFoA) or the Institute of Actuaries of India (IAI).

· Having 4-7 years of experience in a Life Insurer.

· Experience in Prophet and DCS.

· Prior experience in Valuation, Shareholder Reporting or Risk team preferred.

· Stakeholder Management.