Operational Modeling Specialist

2 days ago


Lucknow, Uttar Pradesh, India beBeeActuary Full time ₹ 8,00,000 - ₹ 13,50,000

Job Summary:

The ideal candidate will be responsible for leading and delivering various model changes, including assumption updates, new business setup, and improving model efficiency. The primary touchpoint for testing, valuation, and risk management teams, the Group Manager will ensure quality work products during time-sensitive deadlines.

Key Responsibilities:

  • Perform independent testing and impact quantification and justification
  • Maintain strong stakeholder/client relationships
  • Review work done by junior members
  • Communicate detailed documentation regarding model changes with wider teams

Requirements:

  • 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
  • Excellent technical knowledge of US STAT/GAAP regulations (PBR, NY DFS Reg 213, LDTI DAC)
  • Expertise in Actuarial modeling - Moody's AXIS (such as handling scenarios, formula tables, application of overrides, awareness of significant switches in reserving assumption sets)
  • Understanding of calculation of AXIS cashflows and reserves on a first principle basis


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