- Identifying risks for current products and developing strategies to mitigate those risks
- Asset Liability Management (ALM)
- Hedging of interest rate and other market risks using derivative instruments
- Regular reporting of mortality, persistency and expense risks
- Development / Re-calibration of predictive model for demographic risk (such as mortality risk, early claims propensity model etc.)
- Resilience testing and economic capital working for risk Committee
- Preparing presentation & report for risk Committee
Key Competencies
- Motivated and willingness to contribute to organizational goals
- Basic understanding of different product structures and cashflows
- Ability to produce the output and perform basic checks
- Around 1-2 years of experience working in Actuarial function within the Life insurance industry (Core company/Actuarial consultants)
- Cleared 4-6 actuarial papers
- Proficiency in Excel/VBA and MS Office
- Basic knowledge of Prophet software
Key Additional Skills
- Better understanding of different product structures and underlying risks
- Exposure to multiple areas of work including prophet modeling, financial risk, embedded value, business planning, pricing, statutory reporting etc.
- Ability to analyze the output and explain the results to the management
📌 Sr. Manager- II - ERM SC (Mumbai)
🏢 ICICI PRUDENTIAL LIFE INSURANCE
📍 Mumbai
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