About Our Client

The organisation is a leader in the life insurance industry in Mumbai.

Job Description

- Drive the timely implementation and ongoing reporting requirements under IFRS 17.
- Liaise with consultants and group teams to ensure alignment of local methodologies with group reporting standards.
- Develop and enhance actuarial models, tools, and Excel-based reporting frameworks to support IFRS 17 implementation and business reporting.
- Build and strengthen team capability and knowledge on IFRS 17 methodologies and reporting requirements.
- Lead the formulation and maintenance of the actuarial business plan in alignment with the company's long-term strategic objectives.
- Ensure that projected KPIs and financial metrics appropriately reflect the current business environment and future outlook.
- Monitor business plan performance against actual results and provide actionable insights and recommendations for course correction.
- Partner with senior management in evaluating business performance and strategic initiatives.
- Oversee the development and maintenance of actuarial models in Prophet for new and existing products.
- Support actuarial stakeholders by implementing model enhancements, corrections, and process improvements.
- Ensure the smooth functioning of Prophet systems, including vendor management, licensing, system maintenance, and issue resolution with FIS.
- Establish solid governance and controls around modelling processes and assumptions.
- Lead the calculation and reporting of key shareholder metrics, including New Business Margins (NBM), Embedded Value (EV), and ALM measures.
- Prepare management reports and provide insights into business performance, profitability, and balance sheet dynamics.
- Collaborate with regional and group stakeholders on Quarterly Business Reviews, technical presentations,



and other strategic reporting requirements.
- Provide recommendations to management on duration matching, balance sheet optimization, profitability improvement, and value creation initiatives.
- Monitor and analyze ALM risks and support the implementation of effective risk management strategies.
- Manage quarterly Solvency II reporting and submissions to regional and group stakeholders.
- Drive continuous enhancement of Solvency II methodologies, including SCR, Risk Margin, and other capital calculations, ensuring alignment with group standards.
- Maintain comprehensive process documentation and strengthen governance frameworks around Solvency II reporting.
- Support management decision-making through capital, solvency, and risk analytics.

The Successful Applicant

We're looking for someone who has:

- 10+ years of actuarial experience, preferably within the Life Insurance industry.
- Extensive experience in IFRS 17, Shareholder Reporting, Embedded Value, ALM, Business Planning, and Solvency II reporting.
- Strong hands-on experience with Prophet modelling and actuarial systems.
- Proven experience managing senior stakeholders, regional teams, consultants, and cross-functional business partners.
- Deep understanding of Life Insurance products and actuarial reporting frameworks.
- Strong analytical and problem-solving capabilities.
- Excellent stakeholder management and communication skills.
- Experience leading teams and managing multiple high-priority deliverables.
- Strong project management, governance, and process improvement mindset.
- Advanced proficiency in Excel, actuarial modelling tools, and reporting systems.

What's on Offer

- Permanent Hod Shareholder Reporting role.
- Opportunity to work in the Insurance industry in Mumbai.

If this role fits your experience, you can apply for the role.

📌 HOD Shareholder Reporting (Mumbai)
🏢 Michael Page
📍 Mumbai