Key Responsibilities
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.
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.
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