Model Development Manager

4 days ago


Udaipur, Rajasthan, India beBeeModeler Full time ₹ 1,50,00,000 - ₹ 2,50,00,000
Job Title: Model Development Manager

Key Responsibilities:

  • Lead and deliver quarterly model changes for Moody's AXIS.
  • Perform independent testing, impact quantification, and justification of outcomes.
  • Communicate detailed documentation regarding model updates to cross-functional teams.
  • Review work done by junior team members and maintain quality of output during high-pressure deadlines.
  • Act as primary liaison for Testing, Valuation, and Risk Management teams for business and model-related inquiries.

Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering, Computer Science, or equivalent quantitative field.
  • 8-10 years of experience in US life insurance with a minimum of 4-6 years of life/Annuity actuarial modeling in Moody's AXIS.
  • 8-10 actuarial papers are highly beneficial.

Required Skills:

  • In-depth knowledge of US Life insurance and specifically Variable Annuity products.
  • Excellent understanding of US STAT/GAAP regulations.
  • Expertise in Actuarial modeling - Moody's AXIS.
  • Fundamental understanding of calculation of AXIS cashflows and reserves on a first-principle basis.
  • Exceptional coding and troubleshooting skills in GGY AXIS modeling software.
  • Knowledge of Hedging, Asset Liability modeling, and derivatives in Moody's AXIS is a plus.


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