Senior Actuary Lead

7 days ago

Tiruchi, Tamil Nadu, India beBeeModeler Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Job Title: Group Manager

We are seeking an experienced professional to lead our team in developing and maintaining complex actuarial models for life insurance and annuity products. The successful candidate will have a strong background in actuarial science, excellent technical knowledge of US STAT/GAAP regulations, and expertise in actuarial modeling using Moody's AXIS software.

Key Responsibilities:

  • Lead and deliver various quarterly model changes, including assumption updates, new business setup, and improving model efficiency.
  • Perform independent testing and impact quantification and justification.
  • Detailed documentation and communication regarding model changes with wider teams.
  • 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.

Requirements:

  • Bachelor's degree in actuarial science, Math, Stats, Engineering, or Computer Science (or equivalent quantitative discipline).
  • Total 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).

Essential Skills:

  • Good knowledge of US Life insurance and specifically Variable Annuity products.
  • Excellent technical knowledge of US STAT/GAAP regulations.
  • Expertise in Actuarial modeling - Moody's AXIS.
  • Understanding of calculation of AXIS cashflows and reserves on a first principle basis.
  • Excellent coding and troubleshooting skills in GGY AXIS modelling software.
  • Knowledge of Hedging, Asset Liability modelling and derivatives in Moody's AXIS is an added skillset.
  • Good working knowledge of the relevant actuarial concepts and methodologies.
  • Strong analytical ability and ability to drive various process and analytical improvement initiatives within the team.
  • Excellent communication, execution, and people management skills.

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