Job Description

Key Responsibilities:
Financial Risk – ALM and Capital Management:
• Monthly tracking of ALM position of the Company, suggesting avenues of investment optimisation
• Explain movements in ALM position (interest rate movements, asset mix, new business profile etc.) to be presented to various Board Committees and sub-committees.
• Review Company’s derivative position, and effectiveness of current hedging strategy in light of changing business dynamics and interest rate workplace
• Overview calculation of capital requirements under various economic framework (Indian RBC, S-II, MetLife Enterprise EC)
• Develop a robust process to forecast capital requirements and solvency under various economic bases from Company’s financial plan
• Strengthen existing process on ALM forecasts and explain comparison of actual position vs planned/ projected position
• Review workings and methodology adopted for submission of annual statutory ALM deliverables including economic capital




• Development of appropriate methodology for determination of Cost of Guarantee on risk-nuetral and real-world basis for adoption in Statutory Reserves, EV calculation, RBC and other Market consistent metrics
• Preparation of response to IRDAI on queries received
• Preparation of material required for Board Committees/ sub-committees

Insurance Risk – Experience Analysis & Assumption Setting:
• Review calculations of monthly and quarterly mortality experience, analysing emerging trends
• Identify pockets of poor experience and provide insights and/or alternates to improve experience while balancing PMLI’s growth aspirations, in liaison with claims, underwriting and fraud control teams
• Set annual early claims target and monthly monitoring of actuals vs targets
• Review calculations of period persistency Regularly monitor persistency experience including surrenders, conversion to RPU from key business segments, analysis experience
• Assist in setting surrender targets and tracking actual vs

📌 ACT - Associate General Manager - Actuarial (Mumbai)
🏢 PNB Metlife
📍 Mumbai