GIC Re Recruitment 2016 Appointed Actuary


GIC Re, the ‘Indian Reinsurer’ and 14th largest Reinsurance Company in the world, is fully owned by Government of India with offices in India and abroad, invites Applications for the post of 'Appointed Actuary' on Full Time Basis for its General Reinsurance Business :

Job Specification :   Appointed Actuary (General Reinsurance Business)

No. of Posts 01
Age (as on 1/1/2016) The candidate should not be over 55 years of age as on 1.1.2016.
Qualification The candidate should be a Fellow or an Affiliate Member in accordance with the Actuaries Act, 2006 with specialization in General Insurance for General Reinsurance Company and a "Fellow" of Actuarial Society of India/Institute of Actuaries of India and he/she should satisfy all the requirement specified in regulation No. 3 sub regulation (2) of IRDA (Appointed Actuary) Regulation, 2000 & 2013.
Emoluments and Benefits A Negotiable based on experience and qualification. Please indicate last salary drawn and
Duties and Obligations As per Regulation 8 of IRDA (Appointed Actuary) Regulation, 2000.
Above includes rendering actuarial advice to the management particularly in the areas of their operations viz: Investments and Reinsurance. This would involve amongst others Reserving; CAT modelling; Exposure accumulation/ monitoring/ control; RBC; Economic Capital; Stress testing; ALM; FCR; Ensuring Solvency; Pricing; Product design; Insurance contract wordings; Team building; Actuarial valuation/ estimation/ analysis etc.
Service Conditions Should be an Indian citizen. After appointment he/she is not expected to act as an Appointed Actuary of any other Insurance Company nor work in any other capacity in any General Insurance Company.
Selection Procedure The selection procedure shall be by personal interview.

How to Apply
Complete application on foolscap paper typed in CAPITAL LETTERS, along with a recent photograph & copies of requisite certificates/documents should reach us at the following address on or before 10th March, 2016. The envelope should be superscribed on the top left corner "GIC Re – Appointed Actuary".

Smt. P.G. Manisha,
Assistant General Manager, HRD,
General Insurance Corporation of India,
170, J.T. Road, Churchgate,
MUMBAI – 400 020.

Softcopy of Resume should also be mailed to pmanisha@gicofindia.com

General Instructions:
  1. Corporation reserves the right to restrict the number of candidates to be called for interview.
  2. The decision of the Corporation will be final and binding in all matters.
  3. In case, it is found at any stage of recruitment that the candidate does not fulfil the eligibility criteria and or he/she has furnished any incorrect/false/incomplete information or has suppressed any material fact(s), the candidature will stand cancelled. If any of these shortcomings are noticed even after appointment, his/her services are liable to be terminated forthwith. Before applying for this post, the candidate should ensure that he/she fulfils the eligibility and any other norms mentioned in this advertisement. The decision of the Corporation in respect of the matters concerning eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of conduct of interview selection and other matters relating to recruitment will be final and binding on the candidate.
  4. The Corporation shall not entertain any correspondence or personal enquires. Canvassing in any form will disqualify the candidate.

Official Notification