Assistant Manager

Basic Function – ;To ensure Preparation, assessment, monitoring and analysis of actuarial reservesUndertake or assist with assurance reviewsReport drafting and presentations and. Report valuation results and quality assurance for central reserving teamsEssential FunctionsCalculation of the quarterly best estimate reserves (including further design, refinement and modification of the current process)Support Capital and Reporting Requirements through:Calculation of the technical provisions and the ongoing maintenance and Standard Formula SCR models in line with updates to the directives from EIOPA and CAA (Luxembourg)Preparation of the QRTsClear communication of results, including key sensitivities and uncertaintiesCapital and reporting requirements for branches in Bermuda, Hong Kong, Singapore, UK and the US markets ;Monitoring and reporting on underwriting exposure.Monitoring and reporting on claims experienceModelling the placement of the outwards insurance programPrimary Internal Interactions ;Assistant Manager/Sr executive for the purpose of reporting performance, escalation handling, clarifying concerns, and seeking feedback and supportManager for the purpose of settling issues left unresolved by the Assistant Manager and monthly evaluation of performancePeers(team members) for the purpose of seeking co-operation & clarification on process-related matters & providing assistance and support when requiredPrimary External Interactions ;Onshore Team Manager and SMEs for daily planning of work and execution of deliverablesMust demonstrate effective and diplomatic oral and written communication skills ;Strong time management and organization skillsTechnical SkillsNearly/ Newly qualified actuaryStrong technical background in reserving and capitalExperience with reserving softwareCoding experienceAbility to process and interpret large data setsProcess Specific SkillsShould have good understanding of GAAP accounting principles and procedures. ;Insurance accounting regulatory reporting experience or US GAAP/IFRS knowledge preferred.Ability to understand the significance of various activities in a statutory/GAAP accounting close cycle and deliver results accordingly.Soft skills (Desired)Must demonstrate effective and diplomatic oral and written communication skills ;Strong time management and organization skillsEffective training/support to executive/ Sr. executive /New joinersSoft Skills (Minimum)Self-disciplined and result orientedAbility to multi taskAbility to work effectively as part of a teamCommitment and drive for resultsStrong analytical skills ;Ability to understand and question established process guidelines in order to bring about possible process improvementsAbility to pay great attention to detail – especially during processing of transactionsDesirable Requirements ;Stochastic modelling using VBA, @Risk or similarKnowledge of the Solvency regulatory framework and SII reporting experienceIFRS 17 experienceWork Experience Requirements ;5-6 years of experience in technical role or reporting area preferably with an Global insurance company. ;Should have good understanding of GAAP accounting principles and procedures. ;