Senior Actuarial Modeler

24 hours ago

Jodhpur, Rajasthan, India beBeeActuary Full time US$ 1,20,000 - US$ 1,60,000

About the Role:

We are seeking an experienced leader to head our team in developing and maintaining a critical model for a major product sold by our client in the US.

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
  • Detail 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
  • Be the 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

Desired 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 (such as handling scenarios, Formula tables, application of overrides)
  • 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
  • Strong analytical ability and ability to drive various process and analytical improvement initiatives within the team
  • Excellent communication, execution, and people management skills

PREFERRED QUALIFICATIONS:

  • Bachelor’s degree in Science (Statistics/Mathematics/Economics) + papers cleared in Actuarial science

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