Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a joint venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.
Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and a well-trained human capital.
Axis Max Life has been consistently ranked among the best workplaces by the GPTW Institute, reflecting its commitment to creating a positive and empowering work workplace.
#ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply
Job Description:
Key Responsibilities:
Business Plan and Support in RBC & IFRS Implementation in actuarial projections
Business Planning:
- Performing yearly business plan activity involving projection of the Margins, EV, Stat Profit etc.
- Tracking of the plan numbers against the actual and identifying the reasons for the differences.
- Annual IRDAI submission on FCR, Annexure ST and Section 7 of AAAR/ARA.
- Performing Expense Unitisation and set expense assumptions to be used for EV, NBM and Statutory reporting.
- Expense Allowable reporting: The role would require monthly and quarterly expense allowable reporting to the financial planning team.
- Supporting RBC implementation in Business Plan projections.
- Supporting IFRS implementation in Business Plan.
Other Ad-hoc areas of responsibilities
- Support in determining Company’s MoS achievement.
- Shareholder related matters involving actuarial or other business matters
- Support in Board related matters
- Support in arriving at mortality, persistency and expense assumptions to be used for actuarial projection