Lead Actuarial Modeler

6 days ago

Hubli, Karnataka, India beBeeActuary Full time ₹ 19,32,000 - ₹ 26,16,000
Job Overview

As a leader in actuarial modeling, you will be responsible for developing and maintaining the Moody's AXIS model for Variable Annuity products. Your primary focus will be on ensuring timely quarterly updates, efficient model performance, and effective stakeholder/client relationships.

This role requires strong analytical skills, expertise in Actuarial modeling - Moody's AXIS, and excellent technical knowledge of US STAT/GAAP regulations. You will also need to have a good working knowledge of relevant actuarial concepts and methodologies, as well as strong communication, execution, and people management skills.

Key Responsibilities:
  • Develop and deliver various quarterly model changes, including Assumption Updates, New business setup, and model efficiency improvements.
  • Perform independent testing and impact quantification and justification for model changes.
  • Maintain 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.
Requirements:
  • 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.
Desirable Skills:
  • 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.
  • Strong analytical ability and ability to drive various process and analytical improvement initiatives within the team.

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