Job Scope / Position Summary

Purpose Of this Role: Reserving Actuarial, IFRS

Main Responsibility

1. Good understanding of IFRS 17 concepts including IFRS balance sheet and profit and loss statement, basic GMM and PAA
approach, ability to implement and updgrade/update the templates, preparing quarterly reporting for group entity
2. To conduct, review and report the monthly reserving for various General Insurance lines of business. Communicate
clearly all findings and significant movements in any of the portfolios to finance and all key stakeholders every month.
3. Conduct and review with the team the quarterly and annual BAP IRDA reporting tasks and annual regulatory
submissions.
4. Conduct and review annual and quarterly Asset liability management assessment
5 Prepare the annual financial condition report and economic capital computation
6 Work with all the teams in reviewing and development of the strategic plan.
7 Ability to work with minimum supervision and problem-solving ability
8 Completion of tasks on time and at desired standards including documentation and audit trails
9 Knowledge on the data management software like R studio, SAS

Qualification and Experience Requirement

Education : • At least 5 Actuarial exams cleared

• IFRS 17
• Awareness of competitive landscape in the Indian General Insurance market and IRDA
regulations would be an added advantage
• Experience of ResQ reserving software and other statistical analysis software like R, SAS, SQL
Server will be an added advantage.

Experience : • Minimum prior experience of 3-5 years working in an insurance and/or actuarial consultancy is

required

Behavioural Skills(Role
specific)

:

Behavioral Skills Desired Level

Influencing: ability to affect both lower and
senior management, customer (Internal &
external) behaviour, opinions and emotions

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Communication: Conveying effectively to
customers, team and team leaders to yield
desired results

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Active Listening: Ability to concentrate,
comprehend and respond to things being
said by customers , team and team leaders

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Asia Regional Office –Job Description

2

PUBLIC
Classification | Internal

Classification | Internal

Time Management & Prioritizing: Builds the
time plan for self and team to deal with
multiple and complex tasks

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Problem Solving: Ability to find solutions
and guide teams in difficult and complex
situations

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Negotiation: Ability to understand, discuss
and conclude issues related to team,
managers and customers

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Result Orientation: Ability to focus , enable
and drive teams persistently to achieve
assigned targets

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Relationship skills: Ability to build and
maintain effective working relationship by
creating value

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Customer centricity: Ability to create
processes and solutions regards customer
engagement towards facilitating positive
experience

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Domain knowledge: Ability to lead teams
with subject authority and industry
experience

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Decision Making: Ability to come up with
logical options to facilitate teams to take a
decision

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Asia Regional Office –Job Description

3

PUBLIC
Classification | Internal

Classification | Internal

Stakeholder management: Understanding
and setting expectation towards all
stakeholders and deliver considering
organizational success

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Innovation and Creativity: Explicitly seeks
out new ideas from team for improvement
in current practices and industry best
practices towards initiating required
changes

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Delegation: Takes personal responsibility for
teams actions, giving autonomy and
accountability to team members

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Project Management: Executes and
monitors projects to achieve specific goals in
defined timelines

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

People Development: Understands people
strengths, capabilities and motivation and
works with them for their development and
growth

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Conflict resolution: Ability to encourage
teams within function to indulge in
dialogues, where conflicting views and ideas
are discussed with mutual respect

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Developing a strategic mind-set:
Understands and assesses the key drivers of
business, market realities and future trends
while taking decisions

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates

Leverage diversity: Focus on building teams
with diverse profiles keeping gender,
experience, geographies and industry in
view

0. Not Applicable
1. Does not demonstrate
2. Partially demonstrates
3. Mostly demonstrates
4. Demonstrates and educates