Assistant Manager - Actuarial
- MS Access
Not enough detail in this posting to match
JOB DESCRIPTION
A Position Overview
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Position Title |
Assistant Manager - Actuarial |
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Department |
Actuarial |
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Level / Band |
301/Assistant Manager |
Role Summary: Responsible for Monthly valuation, checking accuracy of data used for valuation, Movement of policies and Work on queries raised by Operations.
B Organizational Relationships
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Reports To |
Senior Manger |
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Supervises |
None |
CJob Dimensions
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Geographic Area Covered |
PAN India |
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Stakeholders Internal |
Shareholders, Legal, IT, Policy Owner Services |
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External |
IRDA |
D Key Result Areas
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Monthly valuation |
Responsible to monthly valuation of policies and timely delivery of results to Finance and Accounts |
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Checking accuracy of data used for valuation |
Carry out validation checks of policies to ensure accuracy of data provided |
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Checking movement of reserves |
Carry out checks on reserves movement and explain the unusual movements |
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Coding of new products in PROPHET |
Code new products in PROPHET software for valuation purpose |
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IRDA NB |
Prepare New business report for IRDA on monthly basis |
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Movement of policies |
Analyses movement of policies from year to year and carry out period exercise of movement of policies to ensure proper annual reporting |
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Annual reporting |
Prepare Annual abstract and report and Appointed Actuary report for IRDA submission |
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Work on IRDA related queries |
Needs to work on queries raised by IRDA with regard to Annual report or during audits or any other submissions |
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Experience Study |
Carry out various experience study like Mortality, morbidity, lapse, expenses etc. |
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Work on queries raised by Operations |
Is responsible to handle related queries coming from Operations |
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Risk |
Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes. |
ESkills Required
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Technical |
Knowledge of PROPHET, MS Access is desirable |
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Behavioral |
Essential |
Desired |
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Interpersonal skills |
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Communication skills |
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Creative thinking skills |
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· |
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Supervising/Leadership skills |
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Teamwork Skills |
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Influencing skills |
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Relationship Building skills |
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Decision making skills |
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F Incumbent Characteristics
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Essential |
Desired |
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Qualification |
Completed CT series and equivalent subjects from the professionally recognized institute only |
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Experience |
4-6 years experience in life insurance company and at least 2 years in private life insurance company. |
Assistant Manager - Actuarial · Tata AIA Life Insurance