Actuarial Analyst

US Software Group Inc; Bengaluru; Hybrid; INR 600,000 - 900,000; Full time

Job summary

A leading software solutions provider is seeking an Actuarial Analyst to assist in the conversion of models for valuation and projections. The ideal candidate should have at least 2 years of experience in actuarial analysis and familiarity with Prophet libraries. This role involves reviewing model structures, building compliant formats, and ensuring best practices. Strong Excel skills and effective communication are essential for collaboration across teams.

Qualifications

• 2+ years of experience in actuarial analysis or related field.
• Experience with actuarial modeling tools (e.g., Prophet, DCS).
• Experience with financial reporting under US GAAP.

Responsibilities

• Help convert models from MG Triton to Prophet 360.
• Review and document existing model structure and assumptions.
• Rebuild models into Prophet 360-compliant formats.
• Implement consistency and best practices across Prophet libraries.

Skills

Proficiency in Prophet (libraries like Prophet 360 and ALS)

Strong skills with Excel

Understanding of cash flow modeling, reserves, and ALM concepts

Strong communication and collaboration across teams

Demonstrates initiative and problem-solving ability

Job description

Job Title: Actuarial Analyst

Experience Level: 2+ years

Work location: Remote if required; needs to come to Mumbai Office

Key Responsibilities

• The Actuarial Analyst would help in the current conversion from MG Triton to Prophet 360 for valuation, and from Prophet NAUS to Prophet 360 for projections.
• Review and document existing model structure, assumptions, and custom code used in Prophet NAUS.
• Identify features or elements that may require changes or enhancements during migration ‘Conversion to Prophet 360’
• Rebuild or convert Prophet NAUS models into Prophet 360‑compliant formats, ensuring fidelity of projections and calculations.
• Implement best practices aligned with Prophet 360’s architecture and modeling conventions ‘Testing and Validation’
• Perform parallel runs between old and new environments to validate results.
• Resolve discrepancies, optimize model performance, and ensure consistency in output.
• Merge documented change requirements from other actuarial teams into Prophet models.
• Support ongoing maintenance of Prophet 360 and NAUS models.
• Implement consistency and best practices across Prophet libraries.
• Assist with library updates as needed.
• Contribute to regression testing and the master model release process.
• Preparing and reviewing financial reporting deliverables under US GAAP.
• Working with actuarial modeling tools (e.g., Prophet, DCS) to support life insurance product development and valuation.
• Validating model assumptions and analyzing their impact on financial reserves.
• Performing user acceptance testing to ensure accuracy and reliability of model updates.
• Conducting cash flow validations for new insurance products, ensuring compliance with regulatory.

Technical Skills

• Basic to intermediate proficiency in Prophet (libraries like Prophet 360 and ALS).
• Strong skills with Excel.
• Understanding of cash flow modeling, reserves, and ALM concepts.

Soft Skills

• Strong communication and collaboration across teams.
• Demonstrates initiative and problem‑solving ability.