Job Title: Chief Manager / Assistant Vice President
Experience: 4 years +
Department: Actuary
Work Location: Goregaon (East), Mumbai
Job Responsibilities
- Preparation of the Asset Liability Management Council deck to be presented to the management
- Calculating and monitoring the derivative position of the company to ensure sufficient hedging
- Calculation and monitoring of duration & cashflow gaps along with explanation of key changes
- Evaluation of guarantees embedded in the products
- Testing the resilience of the Balance Sheet against market related stresses
- Assessment of the Strategic Asset Allocation for each fund
Economic Capital:
- Calculating the Economic Capital requirement of the company as well as explanation of how the capital requirement is changing each quarter
- Calibration of the shocks required for Economic Capital
- Adhoc improvements and changes in the Economic Capital process to comply with any directives/circulars proposed by IRDAI.
Risk Based Capital
- Calculating/assisting in the preparation of the Risk Based Capital numbers as per guidelines set out by IRDAI.