Actuary Executive

2 weeks ago

Hyderabad, Telangana, India beBeeLeadership Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Senior Actuarial Leadership Opportunity">

Job Title:

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About the Role:

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We are seeking an experienced Group Manager to lead and deliver various quarterly model changes for our flagship Variable Annuity product in the US.

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The successful candidate will be responsible for leading independent testing and impact quantification, as well as providing detailed documentation and communication regarding model changes with wider teams.

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Key Responsibilities:

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  • Lead and deliver various quarterly model changes like 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.">
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Requirements:

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  • 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 in Moody's AXIS.">
  • 8-10 actuarial papers - ideal requirement.">
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Skills Required:

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  • 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 - 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.">
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