Assistant Vice President - Actuarial (AVP - Actuarial)

HDFC Life -
Mumbai, Maharashtra

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Job details

2 days ago

Qualifications

Regulatory reporting
IFRS
Indian Accounting Standard

Full job description

What are we looking for?

Lead the statutory valuation function for the Company, ensuring accurate liability measurement, timely regulatory reporting, strong governance, and robust controls across all valuation deliverables.

What does the job entail?

Lead end-to-end statutory valuation of policy liabilities, including valuation methodology governance.

Own IRDAI-related actuarial reporting and ensure accurate, timely submission of valuation deliverables and regulatory statements.

Prepare and review year-end actuarial reports, including ARA, AAAR, and other prescribed statutory submissions.

Manage peer review, any external actuarial review, and internal governance processes for valuation outputs.

Ensure data validation, data reconciliation, and quality checks from a valuation perspective before any reporting or sign-off.

Coordinate with Finance, Investments, Risk, Product, Operations, and IT teams to resolve data, model, and reporting issues.

Present valuation results, movements, sensitivities, and key judgment areas to senior management and governance forums.

Drive process improvement, automation and documentation standards across the valuation function.

Work Experience

Minimum 10 years of relevant actuarial experience, preferably with a strong, hands-on exposure to IRDAI reporting requirements, annual valuation cycles, and peer review processes

Essential Qualification

Qualified Actuary, preferably Fellow of the Institute of Actuaries of India or equivalent recognized actuarial qualification

Preferred Skills

Core Technical Skills

Statutory Valuation & Policy Liability Assessment

IRDAI Regulatory Reporting & Compliance

Actuarial Reporting (ARA, AAAR, Financial Condition Reports)

Valuation Methodology Design & Governance

Experience Analysis & Assumption Setting

Sensitivity Analysis & Movement Analysis

Data Validation, Reconciliation & Controls

Actuarial Modelling (e.g., Prophet, MG-ALFA, or equivalent tools)

Regulatory & Risk Skills

Regulatory Interpretation (IRDAI Guidelines & Circulars)

Governance, Controls & Audit Readiness

Peer Review & External Actuarial Review Coordination

Risk Identification & Mitigation in Valuation Processes

Financial Reporting Alignment (IFRS / Ind AS exposure preferred)

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What are we looking for?

What does the job entail?

Work Experience

Essential Qualification

Preferred Skills

Core Technical Skills

Regulatory & Risk Skills

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