Life Insurance IFRS Specialist Best Hawk Infosystems Pvt. Ltd.

3.0 - 6.0 years

15 - 19 Lacs

noida, pune, bengaluru

Work from Office

Key responsibilities Estimate actuarial liability for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results Analyse the historical claims data, identify potential issues and trends and report the findings Perform valuation of reserves through IBNR models using the data supplied for estimation Working knowledge of different loss projection methods and their applications along with the familiarity of different property and casualty lines of business Review data, methodologies, assumptions, results and benchmark against the market Understanding the forecast, payment patters, yield curves, risk adjustments, claims, premiums, expenses, tax and other parameters used as a part of the establishing the Balance sheet position and Profit/Loss statement as a part of IFRS17 regulatory requirement Liability of Incurred Claims (LIC) and Liability of Remaining Coverage (LRC) calculations using the PAA or GMM approach PAA Eligibility testing to finalise the methodology for calculating the liability for the group of contracts Onerous testing to identify the onerousness for estimating the Loss Component (LC) Calculating the LC and Contractual Service Margin (CSM) release over the period of the contract IFRS17 (or Solvency II) Actuarial Liability estimation for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results to relevant teams Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter experience Knowledge of Aptitude (IFRS17 Financial reporting tool), ResQ or other reserving software are good to have, but not must criteria Stay informed of current business/economic developments relevant to the industry We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth, leveraging and supporting our global network. To qualify for the role, you must have Good experience in the General Insurance industry, either within a consulting firm or an Insurer or an organisation providing Insurance services (such as reserving, IFRS17 and Solvency II technical provision) Ability to multi-task and flexible work attitude packed with good analytical skills Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus

Posted Date not available

Apply

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.