Manager/Chief Manager - Actuarial - IFRS/IndAS - Life Insurance

Job Purpose:

To manage implementation of IndAS 117 and timely sharing the actuarial data requirements for IndAS financial statements while ensuring accuracy.

Key Responsibilities:

- Support end-to-end INDAS 117 implementation, including methodology development, model validation, and reporting processes.

- Perform actuarial calculations for insurance liabilities under INDAS frameworks (e.g., BEL, Risk Adjustment, CSM).

- Assist in building, testing, and maintaining actuarial models used for INDAS reporting.

- Analyze financial results and explain movements under INDAS 117 metrics.

- Collaborate with finance teams to align actuarial outputs with accounting requirements.

- Participate in parallel runs, dry runs, and production cycles for INDAS reporting.

- Prepare documentation for methodologies, assumptions, and processes.

- Ensure compliance with regulatory and internal governance standards.

- Support audit queries and stakeholder reporting requirements.

- Contribute to process improvements and automation initiatives.

Qualifications:

- Graduate/PG who has completed at least 6 papers.

Experience:

- At least 5 years' experience in Life Insurance industry and at least 3 years' experience in IFRS/IndAS actuarial team.

Functional Competencies:

- Regulatory Knowledge mainly IndAS/IFRS.

- Modelling Tools preferably Prophet and DCS.

- Risk Assessment.

- Actuarial Technical Expertise.

Behavioral Competencies:

- Communication and stakeholder management.

- Business Acumen.

- Growth through Differentiation Definition.

- Collaboration.

- Customer centricity.