Actuarial Analyst III – IFRS Reporting – Insurance
The role would be directly responsible for IFRS17 implementation for the company.
Key Responsibilities
– Responsible for IFRS17 implementation for the company.
– Responsible for developing specifications for actuarial calculations required by IFRS 17 standards
– Developing detailed understanding of IFRS 17 and clarifying various queries pertaining to understanding by different teams
– Interact with a wide range of stakeholders across the whole Company and externally on IFRS17 implementation
– Responsible for assessing the data and assumption readiness for transition to IFRS17
– Co-ordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.
– Preparation of other management information as required
– Manage team of 1-2 members
Specific Authorities :
(Financial & Non Financial)
Not Applicable
Key Performance Indicators:
– Meet the regulatory and internal management timelines for the IFRS implementation and regular reporting
– Resolve queries raised by management on the financial reporting and projections
– Effective team management
Job Requirements :
Qualifications – Graduate/PG degree
– Minimum 12 actuarial papers
– Experience Minimum 6-8 years of experience of working with Actuarial function in Life
HR/ JD/ Ver1.0/1 st Feb 2020
Internal Insurance
Base skills
– Team management experience
– Experience in actuarial valuation is preferable
– Proficient in Prophet software & DCS
– MS Excel, VBA, R, SQL
Functional Competencies – Quick learner
– Analytical skills
Behavioral Competencies
– Collaboration
– Growth through differentiation
– Execution Excellence
Key Interactions
Internal Nature or purpose of interaction
Finance/ IT/ Ops
– Interaction required to build the understanding of the current financial reporting processes and changes required for IFRS implementation
– Co-ordinate with IT or other parties to ensure the data and systems after development fulfil the IFRS requirements.
– External Nature or purpose of interaction
– Industry Regular interaction with Industry people to understand the industry practices and any development in the IFRS requirements