Actuarial Shareholder Lead

A Leading Life Insurance Company is seeking an analytical Actuarial Shareholder Lead to join its core actuarial department at its corporate office in Mumbai. In this mid-to-senior level actuarial role, you will take absolute responsibility for executing shareholder reporting, business planning, and asset-liability management functions. Furthermore, you will drive Market Consistent Embedded Value (MCEV) calculations, Value of New Business (VoNB) metrics, and risk-based capital disclosures. Consequently, this position is crucial for providing financial clarity to executive leadership and regulatory bodies.

The Actuarial Shareholder Lead must combine advanced modeling capabilities in Prophet with a strong technical understanding of emerging accounting frameworks such as IFRS 17. Collaborating directly with the CEO’s office, Finance, Investment, and external peer review consultants, you will lead economic capital reporting and business plan true-ups. Therefore, the group is looking for a nearly or fully qualified actuary who manages junior team members and complex ALM models comfortably. If you want to lead strategic shareholder reporting, this position offers an ideal path.

Key Responsibilities

• Execute and oversee Market Consistent Embedded Value (MCEV) and Value of New Business (VoNB) reporting subprocesses.
• Prepare the company’s annual business plan, performing regular financial updates, sensitivity runs, and true-up analyses.
• Calculate and report Economic Capital and Risk-Based Capital (RBC) figures to the regulatory authority (IRDAI).
• Lead Asset-Liability Management (ALM) modeling, monitoring asset-liability matching and financial risk exposures.
• Support the implementation and integration of business planning frameworks on an IFRS 17 accounting basis.
• Interface internally with the Actuary, Finance, Investment, and Executive offices, and externally with regulators and peer reviewers.
• Guide, mentor, and review the technical work outputs of junior actuarial analysts within the shareholder reporting team.

Requirements and Qualifications

• Educational qualification: Nearly Qualified or Fully Qualified Actuary from the Institute of Actuaries of India (IAI) or IFoA.
• 6-8 Years of actuarial work experience within the Life Insurance industry.
• Proven hands-on expertise in ALM, MCEV reporting, VoNB metrics, Economic Capital, or Risk-Based Capital.
• Technical proficiency in Prophet actuarial software and advanced MS Excel modeling architectures.
• Prior working knowledge or practical implementation experience with IFRS 17 accounting standards.