Key Responsibilities

1. Ind AS 117 Financial Reporting

- Review and validate actuarial outputs used in Ind AS 117 financial statements.
- Ensure accurate calculation and reporting of:
- Liability for Remaining Coverage (LRC)
- Liability for Incurred Claims (LIC)
- Risk Adjustment (RA)
- Loss Components
- Contractual Service Margin (where applicable)
- Acquisition Cash Flows
- Coordinate with actuarial consultants and internal actuarial teams on quarterly and annual reporting.
- Review journal entries, reconciliations and accounting impacts arising from actuarial valuations.
- Support preparation of Ind AS 117 disclosures and management reports.
- Ensure consistency between actuarial results and general ledger balances.

2. Review of Actuarial Reserving

- Independently review actuarial reserving methodologies and assumptions.
- Analyze outstanding claim reserves, IBNR and IBNER reserves.
- Assess appropriateness of actuarial models and reserving techniques.




- Identify reserve movements and explain period-over-period changes.
- Challenge actuarial assumptions where required and provide recommendations.
- Review reserve adequacy and reserve risk indicators.

3. Claims Triangle Analysis

- Review and validate:
- Paid Claims Triangles
- Incurred Claims Triangles
- Reported Claims Triangles
- Ultimate Loss Triangles
- Analyze development factors and emergence patterns.
- Evaluate reserve development trends across lines of business.
- Conduct variance analysis on claims development assumptions.
- Monitor claims experience against historical trends.
- Prepare management insights based on actuarial triangle analysis.

Preferred candidate profile

3 to 5 years of relevant experience in General Insurance

📌 We are Hiring - Ind AS 117 Reporting & Actuarial Review (Mumbai)
🏢 Reliance General Insurance (RGI)
📍 Mumbai