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Actuary Manager

Mumbai, Maharashtra

Tata AIG Life Insurance Co. Ltd.

Job Description

Job Description

Review quarterly settlements of reinsurance contracts.(Treaties & Addendum)
Work with Finance and Actuarial to ensure accurate settlement of Reinsurance Premium.
Build controls for reinsurance accounting process.
Work with external and internal auditors.
Quarterly submission for consolidation / coordination with ceding companies to ensure I/C transactions are properly eliminated
Coordinate and co-lead internal quarterly reinsurance review meetings
Serve on resolution of data or technology issues, implementation of new participation programs or processes and other projects which affect the Reinsurance department.
Responsible for understanding business requirements, functional specifications and impact analysis for change requests.

Update and maintain documentation of the executed test

Conduct independent system testing for the Functional Requirements.

Design & Execute the end to end test scenarios and validate results.

Design test cases including expected outputs from the Business Requirements and Functional specifications to ensure maximum coverage, to eliminate user interaction in the production environment.

Requirements

Skills Required

Strong verbal and written communication skills with a customer-centric and front-line staff perspective.
Ability to collaborate and interact effectively with all levels of staff and management, on and off-site.
Ability to multi task with a variety of systems and processes.
Preference given for strong understanding of insurance accounting and reporting.
Demonstrated record of consistent strong performance.
Analytical and practical problem solving skills with strong organizational skills and attention to detail.
Knowledge of insurance and annuity products.
Strong Microsoft Office skills, including Word, Excel, PowerPoint and Access

Experience

5 -6 yrs of relevant industry experience with 3 years of domain exp.

Company Description

Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company, formed... by Tata Sons and AIA Group Limited (AIA). Tata AIG Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asia life insurance group in the world spanning 15 markets in Asia Pacific. Tata Sons holds a majority stake (74%) in the company and AIA holds 26% through an AIA Group company. Tata AIG Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.   Read full description

Additional Information

Last updated:
08/12/2018
Job type:
Full time
Position type:
Permanent
Vacancies:
1
Minimum experience:
Between five and ten years
Education:
Compulsory Education
Category:
Jobs in Accounting / Auditing / Tax , Jobs in Banking / Financial Services
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