AVP IFRS & RBC

A Leading Life Insurance Company is seeking an authoritative AVP IFRS & RBC to lead the implementation of regulatory accounting and capital frameworks.

The AVP IFRS & RBC must combine deep technical actuarial mastery in IFRS 17 and IFRS 9 with applied expertise in the Indian Risk-Based Capital (RBC) regime.

Key Responsibilities

• Lead the transition and operational implementation of IFRS 17 and IFRS 9 accounting and measurement frameworks.
• Design, document, and operationalize standardized reporting processes and workflows transitioning from project state into BAU.
• Translate intricate actuarial model outputs, Contractual Service Margin (CSM) movements, and balance sheet impacts for executive leadership.
• Analyze company portfolio experience (persistency, mortality, expenses) to validate the adequacy of best estimate assumptions.
• Perform detailed sensitivity and scenario stress testing to verify assumption robustness across market cycles.
• Oversee the implementation of the Indian Risk-Based Capital (RBC) framework, analyzing capital adequacy and QIS results.
• Coordinate closely with cross-functional Finance, Risk, IT, external consulting, and statutory audit teams.
• Lead, mentor, and build technical capabilities across a dedicated team of junior actuarial analysts.

Requirements and Qualifications

• Bachelor’s or Master’s degree in Actuarial Science, Statistics, Mathematics, Finance, or a related discipline.
• 6-8 Years of relevant actuarial experience within Life Insurance, focusing on financial reporting and capital modeling.
• Expert technical understanding of IFRS 17/9 standards, QIS2, and the Indian Risk-Based Capital framework.
• Advanced practical command over actuarial software architectures, with essential proficiency in Prophet, DCS, and SQL.
• Proven leadership traits with experience guiding and developing junior actuarial resources.