Life Insurance Industry Actuary

4 days ago

Bhavnagar, Gujarat, India beBeeAnalytical Full time ₹ 1,20,00,000 - ₹ 1,40,00,000
Actuarial Consultant Opportunity

We are seeking a highly skilled and analytical individual to join our team as an Actuarial Consultant. As part of our Life Technology practice, you will be working on actuarial modeling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value.

This is a unique opportunity to apply automation technology skills to actuarial work, helping our clients use technology and leading-edge software to optimize their processes and transform their actuarial & finance businesses.

Our team includes over 1,300 insurance practitioners who have expertise across markets, geographies, and disciplines. We apply actuarial principles to develop value propositions in some of the most innovative and widely used life actuarial software in the market including Data Validator, Risk Agility FM, and Unify.

The Role
  • Work on actuarial modeling projects using proprietary software for tasks like statutory liability computation, pricing, embedded value, and appraisal value.
  • Implement IFRS17 and asset liability management projects.
  • Support the development and delivery of automated solutions for clients.
  • Undertake substantial work streams in process transformation projects.
  • Collaborate with project leaders to understand priorities.
  • Develop an understanding of the Life insurance industry, its products, and actuarial models and familiarity with proprietary software solutions.
  • Contribute to revenue generation by identifying new client offerings to meet evolving business objectives.
  • Build intellectual capital, pursue innovation opportunities, and participate in learning and development opportunities.
  • Manage junior colleagues, developing their knowledge and managing career progression.
  • Build and leverage client relationships, introducing clients to our offerings.
  • Provide insights and solutions based on analysis.
  • Assist senior leadership in developing business automation solutions.
  • Deliver work within project deadlines and meet client expectations.
  • Document actuarial model changes and summary of results.
  • Ensure effective communication within the team and with clients, working collaboratively.
Requirements

To succeed in this role, you will need:

  • 7-9 years' experience in an actuarial role in the life insurance team of an insurance company or at a consulting/financial services firm.
  • Minimum 2 years building cashflow models or automation engines for reporting purposes using actuarial software.
  • Completion of at least 9 actuarial examinations from either the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK.
  • Proficiency in Microsoft Office tools.
  • Experience writing/editing code in VBA, Python, SQL, or PowerShell.
  • Ability to independently lead a team to deliver solutions using actuarial software.
  • Interest and aptitude for learning new coding languages and technology.
  • Proven ability to diagnose and resolve issues with a strong client service orientation.
  • Strong working knowledge of reserving, pricing, embedded values, and other common technical actuarial topics.
  • Strong communication and analytical skills to explain results to senior leadership and clients.
  • Ability to effectively participate in the development of junior resources.

We are an equal opportunities employer.

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