Advanced Actuarial Model Developer

18 hours ago


Jamnagar, Gujarat, India beBeeModel Full time ₹ 32,40,000 - ₹ 43,20,000
Lead Model Developer for Variable Annuity Products

We are seeking a seasoned Lead Model Developer to join our team. In this role, you will be responsible for leading the development of advanced actuarial models for Variable Annuity products.

Key Responsibilities:

  • Develop and maintain complex actuarial models for Variable Annuity products using Moody's AXIS software.
  • Collaborate with cross-functional teams to design and implement model changes, ensuring timely and efficient delivery.
  • Perform independent testing and impact quantification, providing detailed documentation and communication to stakeholders.
  • Review work done by junior members, ensuring high-quality deliverables under tight deadlines.
  • Maintain strong relationships with key stakeholders, including Testing, Valuation, and Risk Management teams.

Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or Engineering.
  • 8-10 years of experience in US life insurance, with at least 4-6 years in actuarial modeling for Variable Annuity products.
  • 8-10 actuarial papers (ideal requirement).
  • Strong knowledge of US Life Insurance and Variable Annuity products.
  • Expertise in actuarial modeling, including Moody's AXIS, formula tables, and scenario handling.
  • Excellent coding and troubleshooting skills in GGY AXIS modeling software.

Preferred Qualifications:

  • Mastery of relevant actuarial concepts and methodologies.
  • Strong analytical ability and process improvement skills.
  • Excellent communication, execution, and people management skills.

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