Senior Lead Model Change Specialist

1 day ago

Mumbai, Maharashtra, India beBeeModeling Full time ₹ 1,50,00,000 - ₹ 2,50,00,000
Lead Model Changes and Deliver Excellence

About the Role:

We are seeking a highly skilled individual to lead and deliver various quarterly model changes for our Moody's AXIS model.

Main Responsibilities:

  • Develop and implement model changes, including assumption updates, new business setup, and improving model efficiency.
  • Conduct independent testing and impact quantification and justification.
  • Provide 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.
  • Serve as 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, or computer science, or equivalent quantitative discipline.
  • Total 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.

Key Skills and Qualifications:

  • Good knowledge of US Life insurance and specifically Variable Annuity products (Fixed Indexed Annuity, Guaranteed Minimum Income/Death/Withdrawal benefits, Indexed Linked Annuity, Group Annuity, Payouts).
  • 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.
  • 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 various process and analytical improvement initiatives within the team.
  • Excellent communication, execution, and people management skills.

Desirable Qualifications:

  • Bachelor's degree in Science (Statistics/Mathematics/Economics) + papers cleared in Actuarial science (SOA preferred).
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