IND AS 17 Actuarial Analyst

A Leading Life Insurance Company is seeking a detail-oriented IND AS 17 Actuarial Analyst to manage statutory and group reporting valuations.

The IND AS 17 Actuarial Analyst must combine solid technical actuarial fundamentals with hands-on Prophet modeling and financial reconciliation capabilities.

Key Responsibilities

• Calculate and validate quarterly IFRS 17 financial results, profit and loss statements, and New Business Margins.
• Execute system uploads into the FPSL accounting platform and reconcile ledger balances with underlying actuarial Excel models.
• Prepare monthly and quarterly IFRS 17 P&L forecasts, CSM projections, and business plan estimates for regional stakeholders.
• Support the local IND AS 117 transition and implementation in compliance with IRDAI regulatory directives.
• Develop and refine actuarial technical calculation specifications required under the IFRS 17 measurement models.
• Conduct Prophet User Acceptance Testing (UAT) for model modifications relating to IFRS and IND AS 117 reporting scopes.
• Collaborate with local Finance, FP&A, regional actuarial offices, external consultants, and statutory audit teams.

Requirements and Qualifications

• Actuarial student having passed a minimum of 5 professional actuarial examinations under the current curriculum.
• 2+ Years of relevant life insurance actuarial experience, with direct exposure to IFRS 17 or statutory reporting.
• Hands-on practical experience working with Prophet actuarial software and advanced Microsoft Excel modeling.
• Demonstrated understanding of Contractual Service Margin (CSM), Best Estimate Liabilities, and transition approaches.
• Beneficial technical skills: Familiarity with SQL, VBA macros, MS Access, or the SAP FPSL system environment.