Director

Agam Capital India; Gurugram District; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

Agam Capital India is seeking a senior actuary to lead roll forward and Embedded Value activities across US Life Insurance blocks. You will own end-to-end delivery of actuarial workstreams, ensuring high-quality results and timely execution.

The role requires deep expertise in statutory valuation, financial reporting, and modelling, plus strong mentoring and cross-functional leadership to advance strategic initiatives across global teams.

Qualifications

• Economics Honors degree or equivalent.
• Actuarial qualification progress toward Fellowship; completion of 10 of 14 Fellowship examinations through IFOA preferred.
• 10–15 years in life insurance with statutory valuation, financial reporting, and actuarial processes.

Responsibilities

• Lead and oversight for roll forward and EC activities across multiple US Life Insurance product blocks.
• Own end-to-end delivery of actuarial workstreams with quality and timeliness.
• Provide technical leadership on complex investigations including reserve movements and assumption changes.
• Review AOM, valuation results, and reconciliations for accuracy.
• Partner with managers and stakeholders on planning, prioritization, and delivery of key initiatives.
• Lead internal team operations, capacity planning, and performance management.
• Establish robust review and control processes for actuarial calculations and reporting.
• Collaborate with global teams to deliver strategic actuarial initiatives.

Skills

Actuarial valuation

Roll forward activities

Embedded Value (EC)

US Life Insurance products

Financial reporting

Analytical skills

Root cause analysis

Stakeholder management

Mentoring actuarial professionals

Process improvement

Automation

Cross-functional leadership

Team management

Education

Economics Honors degree or equivalent

Actuarial qualification progress toward Fellowship

Tools

Prophet

Job description

• Extensive experience in actuarial valuation, roll forward, and Embedded Value (EC) activities across multiple US Life Insurance product blocks.
• Strong knowledge of US Life Insurance products, valuation methodologies, financial reporting, and associated business processes.
• Strong understanding of financial statements, including Balance Sheet and Income Statement, and their interaction with actuarial results.
• Excellent analytical and problem-solving skills, with the ability to investigate complex actuarial and financial issues and drive them to resolution.
• Proven ability to review, challenge, and validate technical deliverables, ensuring accuracy, quality, and adherence to business requirements.
• Demonstrated experience leading multiple workstreams, managing competing priorities, and ensuring timely and high-quality delivery.
• Strong stakeholder management and communication skills, with the ability to work effectively with senior management and global teams.
• Proven ability to lead, develop, and mentor actuarial professionals and build a high-performing team.
• Strong focus on process improvement, operational efficiency, controls, and continuous enhancement of actuarial processes.

Responsibilities

• Lead and provide oversight for roll forward and EC activities across multiple US Life Insurance product blocks.
• Own end-to-end delivery of actuarial workstreams, ensuring quality, accuracy, timely execution, and adherence to project and business timelines.
• Provide technical leadership on complex actuarial investigations, including root cause analysis, reserve movements, assumption changes, new business impacts, and experience variances.
• Review and challenge Analysis of Movement (AOM), valuation results, reconciliations, and other key actuarial deliverables.
• Partner with actuarial managers and senior stakeholders on project planning, prioritization, resource allocation, and delivery of key strategic initiatives.
• Lead internal team operations, including work allocation, capacity planning, progress tracking, quality assurance, and performance management.
• Establish and maintain robust review and control processes to ensure the accuracy and integrity of actuarial calculations and reporting.
• Leverage strong knowledge of US Life Insurance products, statutory valuation, financial reporting, and actuarial modelling to provide insights and support business decisions.
• Lead investigations into actuarial and financial variances and communicate findings, implications, and recommended actions to senior stakeholders.
• Drive process improvements, automation, standardization, and operational efficiencies across actuarial processes.
• Support audit, regulatory, and management reporting requirements and act as a key point of contact for actuarial deliverables.
• Develop and mentor actuarial talent, provide technical guidance, and foster a culture of accountability, collaboration, and continuous improvement.
• Collaborate with global actuarial, finance, technology, and business teams to deliver strategic initiatives and resolve complex business issues.

Qualification

• Economics Honors degree or equivalent.
• Actuarial qualification progress with a strong track record toward Fellowship; completion of 10 of 14 Fellowship examinations through IFOA preferred.

Experience

• 10 - 15 years of experience in the life insurance industry, with significant experience in statutory valuation, financial reporting, actuarial modelling, and related actuarial processes.
• Strong experience leading valuation and roll forward activities, including reserve movements, assumption changes, new business impacts, and experience variances.
• Extensive experience performing Analysis of Movement (AOM), reconciling changes in reserves and liabilities, and interpreting actuarial results.
• Proven experience investigating actuarial and financial variances and translating complex analysis into actionable insights for senior management.
• Strong experience developing, maintaining, reviewing, and executing actuarial models using Prophet or similar actuarial modelling platforms.
• Experience leading model testing, validation, implementation, and actuarial process enhancements.
• Experience managing audit, regulatory, and management reporting requirements.
• Demonstrated experience reviewing and signing off on technical deliverables, performing quality assurance, and ensuring the accuracy and integrity of actuarial calculations.
• Experience managing and mentoring actuarial teams, allocating resources, and driving delivery across multiple projects and priorities.
• Proven experience working with senior stakeholders and leading cross-functional and global teams.
• Experience identifying and implementing process improvements, automation, and standardization initiatives to enhance efficiency and control.