DVP & Chief Actuarial Manager

Primary Responsibilities:

• Motor TP modelling and reserving : create robust predictive models using Motor TP data to guide sourcing strategy and provide reserving insights at a segmented level.
• Pricing and product development : collaborate with product management team to price new products/add-ons that achieve the Company s economic goals.
• Risk Based Capital : assess the Company s solvency position using the prescribed capital framework and be able to communicate key insights to management.
• Regulatory Reporting : assist with the compilation of regulatory reports like the FCR, IBNR Report, ALM, ECR etc.
• Monitor portfolio performance : evaluate various diagnostic tools to assess how written business is performing relative to models.
• Partner with Underwriting, Sales, Finance and Claims functions.

Working Relationships:

Internal:

• Underwriting
• Distribution
• Finance & Investments
• Compliance
• Operations, Claims, IT

External:

• IRDAI& GI Council

Competencies:

• Strong knowledge of general insurance, products and pricing including relevant policy, regulatory and compliance frameworks.
• Experience with predictive modelling and portfolio management.
• Excellent interpersonal skills, the ability to build relationships and influence management

Key Requirement:

• 5+ years of general insurance experience in actuarial department and 2+ years as an Actuarial Manager.
• Expertise in Excel, SAS/SQL required.
• Expertise in predictive modelling preferably Emblem.

Qualifications

Graduate / Postgraduate.

The candidate should be qualified fellow of the Institute of Actuaries of India.