Looking for Freelancer for Statutory Valuation project with TATA AIA
₹1200000-1500000 INR
ปิดแล้ว
โพสต์ มากกว่า 2 ปีที่ผ่านมา
₹1200000-1500000 INR
ชำระเงินเมื่อส่งงาน
Qualification:
Essential - Graduate/ Post Graduate in Mathematics/
Statistics
Desired - Knowledge of PROPHET
Experience:
Essential - 3-4 years’ experience in life insurance
industry
Desired - 1-2 years’ experience in Private life
insurance company
Responsibilities:
A selection of activities from the list below:
• Calculate liabilities of product benefits designed by the Pricing team
• Ensures the product’s liabilities are in line with the pricing calculated for product
• Reviews the valuation assumptions and gets an approval from the Appointed Actuary
• Calculation and project the reserves/BEL using different assumptions and prepare the summary for the AA
• Assist the AA to decide on the parameters to be used for the Statutory/MC valuation based on these calculations
• Preparing and checking the correctness of the Solvency position at the end of each month.
• Prepare an estimate on the capital required to ensure solvency
• Update the Appointed Actuary and the Management about the position for them to take necessary action
• Estimate the supportable bonus to the policyholders for the next FY
• Project the cost of Bonus allocation
• Ensure the bonus is put in the system correctly in time.
• Prepare the abstract and report as required
• Verify them for the correctness
• Liaison with F&A to ensure the preparation of valuation report is in consistent with Audited Financials
• Ensure all the recommended GN/APS are followed in the valuation
• Submit within the stipulated time
• As a part of the year-end statutory report prepare Asset, Liability Matching report
• Prepare Analysis of Profit to see how the profit/loss emerged over the last FY
• Prepares the Financial Conditions report to appraise senior management about the risks run by the company