Manager – Actuarial Valuation

A Leading Life Insurance Company is seeking a strategic Manager – Actuarial Valuation to join its core actuarial team in Mumbai. In this senior role, you will drive the statutory valuation process and ensure the accuracy of reserves for both individual and group portfolios. Furthermore, you will conduct detailed experience analysis to provide constructive recommendations for business optimization. Consequently, this position is vital for maintaining financial stability and regulatory excellence.

The Manager – Actuarial Valuation must possess a deep understanding of actuarial principles and IRDAI reporting frameworks. Additionally, you will lead the preparation of annual statutory reports and collaborate with internal stakeholders like Finance and IT. Therefore, the company is looking for a professional with at least 5 to 7 years of experience and significant paper progress. If you are proficient in Prophet and Excel modeling, this Manager – Actuarial Valuation role offers a premier professional opportunity.

Key Responsibilities

• Lead the statutory valuation team in the regular monthly and quarterly reporting of insurance reserves.
• Conduct in-depth analysis of mortality, morbidity, and lapse experience to refine actuarial assumptions.
• Manage the preparation of annual statutory reports (ARA, AAAR) and related regulatory forms.
• Build and validate parallel models to ensure the technical accuracy of Prophet model outputs.
• Perform solvency computations and present results to the Appointed Actuary and CFO.
• Liaise with cross-functional teams to service data requests and ensure reporting consistency.
• Identify and implement process improvements to enhance the efficiency of the valuation cycle.
• Mentor junior actuarial staff and interns to build internal technical capabilities.
• Ensure all reporting is completed accurately and within strict regulatory timelines.
• Support the broader actuarial function in ad-hoc projects and Risk-Based Capital (RBC) studies.

Requirements and Qualifications

• Graduate or Post Graduate in Actuarial Science, Statistics, or Mathematics.
• Minimum of 5 to 7 years of experience in statutory valuation within a life insurance company.
• Significant progress in actuarial papers (at least 7 to 10 papers cleared).
• Advanced technical proficiency in Prophet software, MS Excel, and SQL.
• Deep understanding of Indian actuarial regulations and IRDAI guidelines.
• Strong leadership qualities with the ability to manage small, technical teams.