Manager / Sr. Manager – Stat Valuation

A leading life insurance company is seeking a strategic Manager / Senior Manager – Statutory Valuation to join its corporate actuarial team in Mumbai. In this critical role, you will serve as a key member of the statutory reporting unit, providing essential support to shareholders and pricing teams. Furthermore, you will carry out detailed experience analysis on mortality and lapses to provide constructive recommendations for business growth. Consequently, this position is vital for ensuring the accuracy of financial reporting and maintaining regulatory excellence.

The Manager / Senior Manager – Statutory Valuation must oversee monthly and annual valuation processes while ensuring data completeness. Additionally, you will build parallel models and perform UAT testing to verify the accuracy of Prophet models. Therefore, the company is looking for a professional with over 7 years of experience and a strong background in statutory reporting. If you are proficient in Prophet and SQL with a positive attitude toward complex challenges, this Manager / Senior Manager – Statutory Valuation role offers a premier leadership path.

Key Responsibilities

• Lead the statutory reporting team in executing monthly and annual valuations and reporting cycles.
• Conduct in-depth experience analysis on mortality, lapses, and other critical risk factors.
• Perform periodical ALM position analysis and communicate results to internal management and regulators.
• Analyze valuation data rigorously to ensure absolute accuracy, integrity, and completeness.
• Develop parallel actuarial models and conduct UAT testing to validate Prophet model outputs.
• Provide constructive recommendations to stakeholders based on detailed actuarial experience studies.
• Support broader actuarial functions on a need basis, including pricing and shareholder reporting.
• Prepare specialized, need-based MIS reports to drive informed executive decision-making.
• Ensure all assigned work items and tasks are delivered accurately within strict regulatory timelines.
• Foster a culture of teamwork and continuous improvement within the actuarial department.

Requirements and Qualifications

• 7+ years of experience, preferably within a statutory reporting team in the life insurance sector.
• Significant progress in actuarial papers, including a strong technical knowledge of CT5.
• Proficiency in using Prophet (Actuarial software), MS Excel, and SQL for data analysis.
• Deep understanding of core actuarial principles and statutory reporting frameworks.
• Proven ability to manage complex data sets and deliver accurate results under tight deadlines.
• Excellent communication skills to share technical results with stakeholders and management.