AM / Manager – Stat Valuation

A leading life insurance company is seeking a detail-oriented AM / Manager – Statutory Valuation to join its actuarial team in Mumbai. In this critical role, you will be responsible for the regular monthly and quarterly reporting of reserves to ensure financial stability. Furthermore, you will lead the preparation of annual statutory valuation documents and participate in solvency computations. Consequently, this position is vital for maintaining the company’s regulatory standing and ensuring accurate financial disclosures.

The AM / Manager – Statutory Valuation must analyze valuation results and present them effectively to key stakeholders, including the CFO and Appointed Actuary. Additionally, you will play a key role in training junior staff and interns while liaising with Finance and IT functions. Therefore, the company is looking for a professional with at least 3 to 6 years of actuarial experience and significant paper progress. If you are looking for a challenging role within a premier corporate office environment, this AM / Manager – Statutory Valuation position is for you.

Key Responsibilities

• Execute regular monthly reporting of reserves, including the preparation of reserve numbers and result analysis.
• Compare actual results with business plans and present findings to the CFO and Appointed Actuary.
• Manage quarterly solvency computations and prepare Results of Analysis (AOS) for stakeholder presentation.
• Lead the annual statutory valuation process, including the preparation of ARA, AAAR, and regulatory forms.
• Liaise with Finance, IT, and other internal functions to service technical data and reporting requests.
• Train and mentor junior staff members and actuarial interns to build internal technical capacity.
• Participate in Risk-Based Capital (RBC) and Quantitative Impact Study (QIS) reporting.
• Ensure all reporting is conducted in compliance with statutory requirements and industry best practices.
• Maintain high accuracy and speed in the delivery of all assigned actuarial work items.
• Support the broader actuarial department in ad-hoc projects and regulatory queries.

Requirements and Qualifications

• Assistant Manager: 3 to 4 years of experience and a minimum of 7 actuarial papers cleared.
• Manager: 5 to 6 years of experience and a minimum of 8 actuarial papers cleared.
• Strong analytical skills with a deep understanding of statutory valuation and reporting.
• Excellent communication skills for presenting technical actuarial results to senior management.
• Proficiency in actuarial software and MS Office for complex data modeling and reporting.
• Previous experience in a client-service oriented or corporate insurance environment is preferred.