Actuarial Risk & Capital Lead

A Leading Life Insurance Company is seeking an authoritative Actuarial Risk & Capital Lead to spearhead second-line enterprise risk oversight.

The Actuarial Risk & Capital Lead must combine high-level actuarial credentials with deep technical expertise in Ind AS 117 and Indian Risk-Based Capital (Ind-RBC).

Key Responsibilities

• Lead the Risk function’s second-line readiness and transition apparatus for Ind AS 117 and Ind-RBC frameworks.
• Independently review, validate, and challenge actuarial valuation methodologies, capital calculations, and assumptions.
• Establish independent recalculation and shadow-modelling capabilities to verify first-line technical outputs periodically.
• Formulate and enforce the Enterprise Model Risk and Validation Policy, tracking model inventory remediation items.
• Deliver the comprehensive actuarial assessment within the Own Risk and Solvency Assessment (ORSA) process.
• Execute forward-looking solvency projections, stress tests, and reverse stress testing across corporate planning horizons.
• Oversee insurance risk profiles (mortality, morbidity, persistency, expense overruns) and set actuarial Key Risk Indicators.
• Present independent risk opinions and transition impact reports directly to the Chief Risk Officer and Board Committees.

Requirements and Qualifications

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Mandatory professional credential: Fully Qualified or Nearly Qualified Actuary from a recognized actuarial body (IAI/IFoA/CAS).
• 5+ Years of relevant life insurance actuarial or enterprise risk experience, preferably within second-line oversight.
• Direct hands-on experience navigating regulatory transitions under IFRS 17 / Ind AS 117 or Solvency II / Ind-RBC regimes.
• Proficiency with Prophet software architectures and data flows across actuarial, finance, and risk ecosystems.