Leadership Opportunity in Actuarial Science

5 days ago

Dindigul, Tamil Nadu, India beBeeActuary Full time US$ 1,80,000 - US$ 2,00,000
Senior Manager - Actuarial Modeling

As a Senior Manager in Actuarial Modeling, you will lead and deliver various quarterly model changes, improve model efficiency, and perform independent testing and impact quantification.

Key Responsibilities:

  • Lead and deliver quarterly model changes, including Assumption Updates and New business setup.
  • Perform independent testing and impact quantification, ensuring accurate and reliable results.
  • 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.

Qualifications:

  • Bachelor's degree in actuarial science or equivalent quantitative discipline.
  • At least 8-10 years of experience in US life insurance with a minimum of 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.
  • 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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