Chief Manager - ALM (Actuary)

Kotak Life; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Benefits offered by this job

Health insurance

Job summary

Kotak Life in Mumbai seeks an ALM (Assets Liability Management) Specialist at the Chief Manager level with 5+ years of experience and a Graduate degree. The role focuses on preparing management decks, monitoring derivatives for hedging, and evaluating asset-liability resilience across markets.

You will analyse duration gaps and provide insights on balance sheet risk to senior leadership. Key tasks include economic capital calculation, capital stress testing, and adherence to IRDAI directives.

Qualifications

• Strong background in ALM for life insurance or financial services.
• Experience with capital models and regulatory guidance (IRDAI).
• Analytical work involving balance sheet resilience and risk metrics.

Responsibilities

• Prepare ALM deck for management review and governance forums.
• Monitor derivative positions and hedging to maintain balance sheet integrity.
• Assess duration and cashflow gaps; explain key changes to stakeholders.
• Evaluate guarantees embedded in products and stress-test balance sheet.

Skills

ALM

Derivatives

Hedging

Duration

Cashflow

Stress testing

Economic Capital

IRDAI

Education

Graduate

Job description

Role: ALM (Assets Liability Management) Specialist

Title: Chief Manager

Experience: 5 years +

Education: Graduate

Asset Liability Management:

• 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