Kotak Life Insurance—Actuarial ERM Manager - Mumbai (Intellion Square - HO)

Job description

Description: JOB DESCRIPTION DEPARTMENT Actuarial ERM REPORTING POSITION L3 WORK LOCATION Goregaon (East), Mumbai. Corporate office KEY RESPONSIBILITIES Weightage Experience analysis: - - Evaluating the Mortality Experience for both Individual and Group business. - Calculating the persistency rates to track policyholder retention. - Preparing the Enterprise Risk Management Council deck highlighting the key risks which are currently faced by Kotak Life. - Collaborating with the Valuation and Shareholder Reporting teams to establish actuarial assumptions for mortality, lapse, surrender, and paid-up experience. - Drafting Chapter 3 (Analysis of Experience) for the Appointed Actuary’s Annual Report. - Preparation of the Report on Persistency to be sent to IRDA. TOTAL 100% REQUIRED QUALIFICATION AND SKILLS · Having 2 years + experience in the actuarial team of a Life Insurer. · Successful completion of 4-7 actuarial exams from either the Institute and Faculty of Actuaries (IFoA) or the Institute of Actuaries of India (IAI). · Proficient in Excel and Access · Familiarity with DCS, SQL and VBA would be an added advantage