Lead Model Developer

4 days ago


Pune, Maharashtra, India beBeeActuary Full time ₹ 2,00,00,000 - ₹ 2,50,00,000
Job Summary

The ideal candidate for this position will be responsible for leading and delivering quarterly model changes for the Moody's AXIS model, used for Variable Annuity products in the US. They will also perform independent testing and impact quantification, with detailed documentation and communication to wider teams.

Additionally, the successful candidate will review junior members' work, ensuring quality and meeting deadlines. They will maintain strong relationships with stakeholders and clients, serving as the primary touchpoint for Testing, Valuation and Risk Management teams on business and model related queries.

Key Responsibilities:

  • Assure compliance with US STAT/GAAP regulations, including PBR and NY DFS Reg 213.
  • Develop and implement actuarial modeling using Moody's AXIS software.
  • Analyze data and drive process improvement initiatives within the team.

Requirements:

  • Bachelor's degree in Actuarial Science/Math/Stats/Engineering/Computer or equivalent quantitative discipline.
  • 8-10 years of experience in US life insurance, with 4-6 years in actuarial modeling for Variable Annuity products.
  • Excellent technical knowledge of US Life insurance and Variable Annuity products.
  • Strong analytical and people management skills.

Skills and Qualifications:

  • Actuarial modeling using Moody's AXIS.
  • Coding and troubleshooting skills in GGY AXIS modelling software.
  • Hedging, Asset Liability modelling and derivatives in Moody's AXIS.
  • US STAT/GAAP regulations and actuarial concepts.

What We Offer:

  • A dynamic and supportive work environment.
  • Opportunities for career growth and professional development.
  • A competitive salary and benefits package.

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