Lead Assistant Manager

Basic Function –

• To ensure Preparation, assessment, monitoring and analysis of actuarial reserves
• Undertake or assist with assurance reviews
• Report drafting and presentations and. Report valuation results and quality assurance for central reserving teams
  

Essential Functions

• Calculation of the quarterly best estimate reserves (including further design, refinement and modification of the current process)
• Support Capital and Reporting Requirements through:
  

• Monitoring and reporting on underwriting exposure.
• Monitoring and reporting on claims experience
• Modelling the placement of the outwards insurance program
  

Primary Internal Interactions

• Assistant Manager/Sr executive for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and support
• Manager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performance
• Peers(team members) for the purpose of seeking co-operation & clarification on process-related matters & providing assistance and support when required
  

Primary External Interactions

• Onshore Team Manager and SMEs for daily planning of work and execution of deliverables
• Must demonstrate effective and diplomatic oral and written communication skills
• Strong time management and organization skills
  

Technical Skills

• Nearly/ Newly qualified actuary
• Strong technical background in reserving and capital
• Experience with reserving software
• Coding experience
• Ability to process and interpret large data sets
  

Process Specific Skills

• Should have good understanding of GAAP accounting principles and procedures.
• Insurance accounting regulatory reporting experience or US GAAP/IFRS knowledge preferred.
• Ability to understand the significance of various activities in a statutory/GAAP accounting close cycle and deliver results accordingly.
  

Soft Skills (Desired)

• Must demonstrate effective and diplomatic oral and written communication skills
• Strong time management and organization skills
• Effective training/support to executive/ Sr. executive /New joiners
  

Soft Skills (Minimum)

• Self-disciplined and result oriented
• Ability to multi task
• Ability to work effectively as part of a team
• Commitment and drive for results
• Strong analytical skills
• Ability to understand and question established process guidelines in order to bring about possible process improvements
• Ability to pay great attention to detail – especially during processing of transactions
  

Desirable Requirements

• Stochastic modelling using VBA, @Risk or similar
• Knowledge of the Solvency regulatory framework and SII reporting experience
• IFRS 17 experience
  

Work Experience Requirements

• 6-8 years of experience in technical role or reporting area preferably with an Global insurance company.
• Should have good understanding of GAAP accounting principles and procedures.