Job Purpose To modify models, oversee calculations and generation of results for Valuation and Reporting activities in order to produce reports for the Management to analyse. Managing junior team members on a task by task basis.

Job Context & Major Challenges Job Context: To modify models, oversee calculations and generation of results for Valuation and Reporting activities in order to produce reports for the Management to analyse. Managing junior team members on a task by task basis.

Job Challenges: Managing a quick turn around on the task

Anticipating and managing problems and the time taken for the task

Balancing work and studies and passing actuarial exams

Digesting large amounts of information and being able to recognise key items quickly

Developing and implementing new ideas to improve individual work methods Key Result Areas KRA (Accountabilities) (Max 1325 Characters)Supporting Actions (Max 1325 Characters) KRA1 Oversee and Perform calculations in Periodic Valuation/new projects 1. Ensure that the required data is available for monthly valuation in time in required format. Processing of information using reasonable knowledge of actuarial principles and methods.

Plan, direct and perform various computations using models

Modifying models as required with appropriate documentation

Run complex models independently KRA2 Compile and analyse results for Periodic Valuation/new projects 1. Analysing results Ensuring appropriate checking of results

Recommending changes required based on checks

Performing cause-effect analysis to check reasonability KRA3 Responses to queries 1. Resolving simple queries Effectively helping other teams understand the results

Understand,



explain / overcome implication of results and limitations of models

Identify relationships and interactions among data to create information

Participating effectively in the discussions and discussing moderately complex technical information in lay or business terms as per requirement KRA4 Compile and analyse results for Experience Analysis 1.

Compile

Results of various experience analysis Analyse the trends and steps to be taken to control deterioration of some of the rates. KRA5 Reporting 1. Drafting sections allocated of yearly reporting to IRDA, Drafting sections allocated of quarterly reports to Board such as Solvency Report, FCR etc

Assisting other teams with drafting their sections of reporting (if required). Ensure correctness of various D returns prepared by Juniors KRA6 Managing the team on a task by task basis 1. Plan and direct execution of a project with guidance Guide junior members on running simpler models

Clarify work objectives and deliverables to ensure a transparent understanding of business requirements

Set priorities for tasks in order of importance

Ensure objectives are set and agreed on and projects are delivered within negotiated tolerances

Make sound decisions about how best to do work so that it has the greatest business benefit with some supervision

Set personal and team goals and monitor their attainment

Provide inputs to performance review of junior staff KRA7 Data correctness 1. Recommending the fields required for raising requirements for data for new products, and then testing the data for accuracy, OR Performing data validations for existing business, including recommending new fields to be tested, and modifying the queries for existing fields / products and for new products.

📌 Senior Manager (Maharashtra)
🏢 Aditya Birla Capital
📍 Maharashtra