Actuary

Jobtailor; India; On-site; INR 600,000 - 900,000; Full time

Job summary

Jobtailor seeks an actuarial analyst with up to 5 years of life insurance experience to understand client problem statements and translate them into actuarial solutions. You will interact with clients regularly and contribute to transformation and automation initiatives.

Responsibilities include building actuarial models for life products, performing UAT/unit/regression testing, and handling data analyses, EV and statutory reporting, and ALM. Strong English communication is essential.

Qualifications

• 0-5 years of actuarial experience in life insurance.
• Should have passed 4-12 actuarial exams.
• Experience with international markets such as US; US-GAAP LDTI preferable.
• Exposure in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM and model testing & validation.
• Experience with GGY Axis, MG Alpha and Prophet; SQL/Python/R desirable.
• Strong technical, analytical and communication skills in English.
• Contribute towards new business development and client solutions.
• Identify and participate in continuous improvement initiatives.
• Ensure compliance with Data Privacy and Protection Guidelines.

Responsibilities

• Understand current state of affairs and problem statements.
• Interact with clients, translate requirements into a business framework and actuarial solutions.
• Work on transformation/automation initiatives.
• Build actuarial models for life insurance products.
• Perform UAT, unit testing, and regression testing for model testing and validation.
• Maintain excellent written and verbal communication with stakeholders.

Skills

Actuarial modeling

Life insurance

Data analysis

SQL/Python/R

UAT testing

English communication

Education

Actuarial exams 4-12

Tools

GGY Axis

MG Alpha

Prophet

Job description

• Complete understanding of the current state of affairs and problem statement
• Interacting with clients on a regular basis, understanding their requirements and transforming that into a business framework and providing actuarial solutions
• Work on transformation/automation initiative
• Build actuarial models for life insurance products
• Perform UAT testing, Unit testing, regression testing etc. for Actuarial model testing & validation
• Excellent written and verbal communication skills

Requirements

• 0-5 years’ of actuarial experience in life insurance
• Should have passed 4-12 actuarial exams
• Experience of working in international markets such as US. Experience with Indian market will also be preferred. Good working knowledge of US-GAAP LDTI is preferable
• Must have exposure in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM and model testing & validation
• Experience working with GGY Axis, MG Alpha and Prophet will be an added advantage. Experience in SQL/Python/R is desirable but not mandatory
• Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of the English language
• Must contribute towards new business development such as assessing pain areas for our clients, generating solutions for clients
• Identify and participate in continuous improvement initiatives
• Ensure compliance with Data Privacy and Protection Guidelines