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Senior Actuarial Modeler

3 weeks ago


Gulbarga, Karnataka, India beBeeSpecialist Full time ₹ 60,00,000 - ₹ 1,00,00,000
Actuarial Modeling Specialist Lead

Job Summary:

We are seeking a highly skilled Actuarial Modeling Specialist to lead and deliver model changes for our AXIS model. The ideal candidate will have excellent technical knowledge of US STAT/GAAP regulations, expertise in actuarial modeling, and strong analytical ability.

Key Responsibilities:

  • Lead and deliver various quarterly model changes, including Assumption Updates and New business setup.
  • Perform independent testing and impact quantification, with detailed documentation and communication regarding model changes.
  • Review work done by junior members, ensuring quality of work product during time-sensitive deadlines.
  • Maintain strong stakeholder/client relationships as the primary touchpoint for Testing, Valuation, and Risk Management teams.

Qualifications and Skills:

  • Bachelor's degree in Actuarial Science/Math/Stats/Engineering/Computer or equivalent quantitative discipline.
  • 8-10 years of experience in US life insurance, with minimum 4-6 years of life/Annuity actuarial modeling in Moody's AXIS.
  • 8-10 actuarial papers - ideal requirement.

Requirements:

  • Good knowledge of US Life insurance and specifically Variable Annuity products.
  • Excellent technical knowledge of US STAT/GAAP regulations (PBR, NY DFS Reg 213, LDTI DAC).
  • Expertise in Actuarial modeling - Moody's AXIS.
  • Understanding of calculation of AXIS cashflows and reserves on a first principle basis.

Preferred Skills:

  • Excellent coding and troubleshooting skills in GGY AXIS modelling software.
  • Knowledge of Hedging, Asset Liability modelling, and derivatives in Moody's AXIS.