IFRS 17 Implementation & Reporting

- ü Lead and support IFRS 17 implementation initiatives.
- ü Develop, validate, and maintain IFRS 17 valuation methodologies including:
- ü Fulfillment Cash Flows (FCF)
- ü Risk Adjustment (RA)
- ü Contractual Service Margin (CSM)
- ü Loss Component calculations
- ü Perform quarterly and annual IFRS 17 valuation and reporting activities.
- ü Analyse movement of key IFRS 17 metrics and explain financial results to senior management.

Actuarial Modelling

- ü Develop and enhance actuarial models used for IFRS 17 reporting.
- ü Ensure consistency between statutory, regulatory and IFRS 17 reporting frameworks.
- ü Support model calibration, assumption setting, sensitivity testing, and validation activities.
- ü Participate in model governance and documentation processes.

Finance & Systems Integration

- ü Work closely with Finance and IT teams to integrate actuarial outputs into IFRS 17 reporting systems.
- ü Support automation and process optimization initiatives.
- ü Assist in implementation and enhancement of actuarial software platforms such as ResQ FR or equivalent.

Analysis & Governance

- ü Conduct detailed analysis of earnings emergence under IFRS 17.
- ü Support internal and external audits related to IFRS 17 reporting.
- ü Prepare technical documentation, methodology papers, and governance materials.
- ü Ensure compliance with internal policies and accounting standards.
- ü Stakeholder Management
- ü Collaborate with Finance, Risk, Investments, and senior business stakeholders.




- ü Present key insights and recommendations to management committees.
- ü Liaise with external consultants, auditors, and regulators as required.

Key Requirements – Education & Certificates

- ü Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field.
- ü Qualified or nearly qualified Actuary (FIAI, FIA, FSA, ASA, or equivalent).
- ü Robust understanding of general insurance products.

Key Requirements - Experience &Skills;

- ü 6–8 years of actuarial experience.
- ü Significant hands-on experience in IFRS 17 valuation
- ü Experience leading teams and interacting with senior stakeholders
- ü Experience in IFRS 17 implementation projects from design through BAU transition.
- ü Experience with actuarial-finance data integration and reporting platforms.
- ü Exposure to regulatory reporting
- ü Experience working with Big 4 consulting firms or large insurance organizations.

Behavioural Competencies

- u Strong analytical and problem-solving skills.
- u Excellent communication and presentation abilities.
- u Ability to manage multiple workstreams under tight timelines.
- u Strong stakeholder management and influencing skills.
- u High attention to detail and commitment to quality.

Key Deliverables

- ü Accurate and timely IFRS 17 reporting.
- ü Robust actuarial models and controls.
- ü Effective CSM and financial result analysis.
- ü Process automation and efficiency improvements.
- ü Strong governance, audit readiness, and regulatory compliance.

📌 Deputy Vice President - Actuary (Andheri)
🏢 HDFC ERGO General Insurance
📍 Andheri