DEPARTMENT

Actuarial ERM

REPORTING POSITION

L3

WORK LOCATION

Goregaon (East), Mumbai. Corporate office

KEY RESPONSIBILITIES

Weightage

Experience analysis

- - Evaluating the Mortality Experience for both Individual and Group business.
- Calculating the persistency rates to track policyholder retention.
- Preparing the Enterprise Risk Management Council deck highlighting the key risks which are currently faced by Kotak Life.
- Collaborating with the Valuation and Shareholder Reporting teams to establish actuarial assumptions for mortality, lapse, surrender, and paid-up experience.
- Drafting Chapter 3 (Analysis of Experience) for the Appointed Actuary’s Annual Report.
- Preparation of the Report on Persistency to be sent to IRDA.

TOTAL

100%

REQUIRED QUALIFICATION AND SKILLS

· Having 2 years + experience in the actuarial team of a Life Insurer.

· Successful completion of 4-7 actuarial exams from either the Institute and Faculty of Actuaries (IFoA) or the Institute of Actuaries of India (IAI).

· Proficient in Excel and Access

· Familiarity with DCS, SQL and VBA would be an added advantage

📌 Actuarial ERM Manager - Mumbai (Intellion Square - HO)
🏢 Kotak Life Insurance
📍 Mumbai