Model Development Professional

14 hours ago


Kollam, Kerala, India beBeeDevelopment Full time ₹ 1,50,00,000 - ₹ 2,00,00,000

Job Title: Model Development Lead

This role involves leading and delivering model changes for a Variable Annuity product. The successful candidate will work independently on testing, impact quantification, and justification. Excellent communication skills are required to document and communicate changes to wider teams.

Responsibilities:

  • Lead and deliver various quarterly model changes such as Assumption Updates, New business setup, 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.
  • Primary touchpoint for Testing, Valuation and Risk Management teams for support on business and model related queries.

Requirements:

  • Bachelor's degree in actuarial science/math/stats/engineering/computer or equivalent quantitative discipline.
  • Total 8-10 years of experience in US life insurance with minimum 4-6 years of life/Annuity actuarial modeling.
  • 8-10 actuarial papers - ideal requirement.

Desirable 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.


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