Our client is a leading life insurance client based at Mumbai. Role: Senior Manager - IFRS- Actuarial. Job Role: - Provide support in finalization of policy choices and technical position papers - Ensure that prophet model development / enhancement for IFRS 17 is accurate and follows best practice. - Carrying out various testing e.g., UAT at all stages of IFRS 17 implementation including new business and opening balance sheet preparation. - Provide support in preparation of final set of Ind AS complaint financial statements - Engage and work with various internal and external stakeholders to ensure success of the IFRS 17 implementation. Education/Experience: - Graduate with at least 2 years of actuarial experience. - Minimum 7 actuarial papers (as per old curriculum). - Working Knowledge of Prophet is mandatory.
Our client is a leading life insurance client based at Mumbai. Role: Senior Manager/ChiefManager - Business Planning - Actuarial. Key Tasks/Responsibilities: Role will include effectively managing various requirements within Business Planning Team. Business Planning: - Projecting cashflows yearly for Board plan along with various matrix for profit. - Business Planning based on IFRS17 valuation. - Track actual vs expected on monthly basis, along with in depth analysis of variance at LOB/product level. - Coordinating with EV, Valuation, Pricing, ERM & Finance Team on the inputs and results of the Business Plan. - Create logical checks ensuring the numbers generated are credible/explaining movement/reconciling with other reporting. Board Reporting: - Product performance note. - Preparation of the annual FCR report. - Requirements on quarterly basis. Expense Experience analysis: - Understanding the process of expense allocation (non-commission) and accordingly monitoring expense experience on monthly basis. - Ensure relevant checks & enhancement are built within process. - In addition to above, Expense experience is also being calculated on USGAAP/IFRS17 basis. Others: - Review of Inputs for Hedge programme on monthly basis. - Executing Strategies for efficient business mix and increasing profitability. - Ad hoc requirements for calculation of impact on profit/solvency. Other Responsibilities: - Ensure model used is accurate and identify appropriate enhancements required in the model. - Review of the files/calculations/techniques used for Board Plan activity. - Ensure clear documentation of the process is maintained along with audit trials of various communications/sign-off. Education/Experience: - Partly Qualified Actuary with 2+ years of experience in Actuarial Domain. - At least cleared 7 actuarial papers(as per old curriculum) - Good understanding of cash flows of Life Insurance products. Experience in - Business Planning and Strategy will be added advantage. - Role will involve data analysis using SQL so relevant experience for coding/programming would be welcomed. - Being able to decode Prophet and DCS codes.
We're hiring for a strategic role with one of India's most respected and fast-growing life insurance organizations. This opportunity offers a front-row seat to transformation, innovation, and impact-where your expertise will help shape the future of insurance operations, governance, and customer-centric growth. If you're passionate about driving change in a purpose-led, performance-driven environment, read on Function Overview: The Assistant Vice President - PMO, Distribution Efficiency will lead the Project Management Office for Distribution Efficiency and spearhead critical board-level strategic initiatives. This role will focus on key business imperatives such as cost optimization, improving span of control, and driving productivity by embedding digital innovation and AI-led solutions across Distribution Efficiency projects. The role will report to the central strategy team. Job Role: - Collaborate with the leadership team on the design and deployment of both short-term and long-term strategic business objectives. - Analyze, structure, and bring key business insights and trade-offs to the table for management decision-making. - Act as a key stakeholder in expansion and business development - working alongside management in ideating, implementing, and monitoring channel expansion and improving efficiencies. - Participate in key organization strategic initiatives and partner with other functions for deployment. - Provide inputs on organization goals to business planning, finance, and other functional teams to drive the agenda. - Undertake market and financial analysis of key competitors and identify areas for improvement. Key Responsibilities: Strategic Project Leadership: - Lead end-to-end execution of high-impact projects aligned with board priorities - specifically around cost optimization, productivity acceleration, and workforce structure. - Partner with business and HR leaders to translate strategy into structured programs with measurable outcomes. - Drive strategic change management and transformation initiatives across the Distribution function. PMO Governance & Execution Excellence: - Establish and drive PMO frameworks, project governance, risk assessment, and performance dashboards. - Deploy industry-best methodologies (Agile, Lean, Six Sigma) to ensure timely, cost-effective project delivery. - Lead flagship transformation programs ensuring alignment with business goals. Data-Driven Decision Making: - Leverage advanced analytics, customer behavior insights, and internal data to identify patterns and recommend proactive interventions. - Design AI-enabled dashboards, predictive models, and data intelligence solutions for decision support. Technology & Innovation Leadership: - Drive adoption of digital tools, AI, automation, and next-gen technologies in project delivery and operations. - Create scalable, tech-powered frameworks for resource allocation, process efficiency, and cost control. Stakeholder & Change Management: - Act as a trusted advisor to CXOs, HRBPs, and Distribution Heads, ensuring alignment and transparency. - Lead communication plans, business reviews, and board reporting with actionable insights and impact assessments. Talent & Capability Building: - Build a high-performing PMO team with cross-functional expertise in HR, analytics, and transformation. - Coach and mentor project managers, analysts, and key stakeholders on strategic thinking and innovation. Key Skills & Attributes: - Strategic thinking with a deep understanding of the Sales Distribution world and the BFSI industry. - Proven experience leading large-scale transformation and cost optimization projects. - Strong analytical and digital acumen - familiarity with AI/ML, CRM, automation, and digital dashboards. - Demonstrated expertise in project governance, performance tracking, and risk mitigation. - Collaborative, persuasive, and confident communicator across all organizational levels.