Manager / Senior Manager – Actuarial

A leading life insurance company is seeking a highly skilled Manager / Senior Manager – Actuarial Modelling & IFRS to join its team in BKC, Mumbai. In this critical role, you will focus on implementing and managing IFRS 17 standards across the organization. Furthermore, you will work closely with the finance, IT, and internal actuarial teams to ensure seamless integration. Consequently, this position is vital for driving technical excellence in risk modelling and regulatory compliance within the Indian life insurance sector.

The Manager / Senior Manager – Actuarial Modelling & IFRS must demonstrate expert proficiency in PROPHET software for survival cashflow modelling. Additionally, you will be responsible for developing valuation models and performing rigorous regression testing. Therefore, the company is looking for a professional with at least 1 to 5 years of experience and a minimum of 6 actuarial papers cleared. If you have a strong understanding of ALM and Analysis of Surplus, this Manager / Senior Manager – Actuarial Modelling & IFRS role offers a premier career opportunity.

Key Responsibilities for the Manager / Senior Manager – Actuarial Modelling & IFRS

• Lead the management and review of all PROPHET developments and complex actuarial modelling.
• Monitor PROPHET governance, including documentation, audit trails, and strict change management.
• Develop and maintain valuation models specifically designed to meet IFRS 17 requirements.
• Assist in the implementation of new actuarial systems to accommodate critical IFRS 17 calculations.
• Explain complex IFRS 17 concepts to diverse stakeholders, including management and regulatory bodies.
• Monitor ongoing updates to IFRS 17 standards and ensure full organizational compliance.
• Manage and assist in Asset Liability Management (ALM) and detailed Analysis of Surplus (AOS).
• Conduct experience analysis and model new product developments for risk and survival cashflows.
• Perform comprehensive regression testing of models to ensure technical accuracy and reliability.
• Collaborate across departments to align actuarial models with financial reporting objectives.

Requirements and Qualifications

• Minimum of 1 to 5 years of actuarial experience, preferably in modelling or IFRS 17 implementation.
• Must have cleared at least 6 actuarial papers, with CM1 being an absolute requirement.
• Proven hands-on experience in PROPHET software for life insurance product modelling.
• Strong analytical skills for performing experience analysis and ALM reporting.
• Candidates must be located in Mumbai or willing to relocate to BKC at short notice.
• This is a full-time, office-based role with no Work from Home (WFH) options.

If you are a technical expert ready to lead Actuarial Modelling & IFRS initiatives for a premier insurer, we encourage you to apply today!