Senior Actuarial Modeler

2 days ago

Palakkad, Kerala, India beBeeActuary Full time ₹ 2,16,00,000 - ₹ 2,52,00,000

Job Opportunity

We are seeking an experienced professional to lead our team in developing and maintaining a complex model for Variable Annuity products. The ideal candidate will have a strong background in actuarial science, mathematics, or engineering, with a minimum of 8-10 years of experience in US life insurance, including 4-6 years of experience in actuarial modeling.

Key Responsibilities:

  • Lead and deliver various quarterly model updates, including assumption revisions, new business setup, and improving model efficiency.
  • Perform independent testing and impact quantification, and justification for model changes.
  • Detailed documentation and communication regarding model updates with wider teams.
  • Review work done by junior members, ensuring quality of work product during time-sensitive deadlines.
  • Maintain strong relationships with stakeholders and clients.
  • Primary point of contact for Testing, Valuation, and Risk Management teams for support on business and model-related queries.

Requirements:

  • Bachelor's degree in actuarial science, mathematics, statistics, or engineering, 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.
  • Good knowledge of US Life insurance and specifically Variable Annuity products (Fixed Indexed Annuity, Guaranteed Minimum Income/Death/Withdrawal benefits, Indexed Linked Annuities, Group Annuities, Payouts).
  • Excellent technical knowledge of US STAT/GAAP regulations (PBR, NY DFS Reg 213, LDTI DAC).
  • Expertise in Actuarial modeling - 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.
  • 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 process and analytical improvement initiatives within the team.
  • Excellent communication, execution, and people management skills.

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