Lead Actuarial Analyst

Principal Financial Group; Pune District; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

The Principal Financial Group is seeking a Lead Actuarial Analyst in Pune with 6 to 10 years of experience. The role focuses on valuation, financial reporting, modeling, and retirement/annuity processes within RIS Actuarial.

You'll independently own actuarial work, mentor analysts, and drive process improvements through automation and AI, collaborating with the home office and local teams to ensure timely, high-quality results.

Qualifications

• Graduate/Bachelors degree (any stream).
• Sound technical skills and good English communication.
• Ability to mentor analysts and work with cross-functional teams.

Responsibilities

• Lead and mentor actuarial analysts and seniors.
• Manage valuation, pricing, reserving, and risk management tasks.
• Collaborate with home office and Pune teams to deliver on time.
• Identify automation opportunities to improve processes.

Skills

Actuarial analysis

Valuation

Pricing

Reserving

Risk management

Automation

Education

Bachelor's degree

Tools

MS Access

VBA

R

SAS

Job description

Responsibilities

Designation: Lead Actuarial Analyst
Years of Experience: 6 to 10 yrs

The Lead Actuarial Analyst will play a key technical role within RIS Actuarial, supporting actuarial valuation, financial reporting, modeling, analysis, and other retirement/annuity processes.

The role is expected to independently own actuarial work, deliver high-quality results, solve problems, work effectively with business partners, and identify opportunities to improve processes through automation and AI.

Key Responsibilities:

• Being in a senior technical role, Lead Actuarial Analyst will trasition with work form Home Office. WIll be a significant contibutor to mentor and guide the team on technical aspects.
• Ensuring timely and quality delivery, minimizing escalations, acting as a bridge between home office team and Pune team
• Should Have in-depth of technical/functional knowledge in one or more actuarial domains like valuation, pricing, reserving, reporting and risk management
• Should be able to guide and mentor nalysts in the team.
• The person should be responsible for analyzing and translating business information and technical requirements into projects that can be handled and managed by the time in the most optimum timeframe with quality and timely delivery. The person should work with Senior actuarial analysts and consultants to produce delivery timeframe and path for projects. Make sure this aligns with the overall strategy and expectations of PGS and the home office.
• Viewed as a technical expert and critical resource across multiple disciplines. Ability to adapt in a variety of business areas and actuarial domains and move easily from one to another like pricing, statutory reserving, modelling, monthly, quarterly and annual reporting functions
• The candidate should resolve disputes and make tradeoffs
• The candidate should complete and lead the team to complete actuarial tasks using organization standards toolsets
• The person should plan for evolutionary paths and be innovative and hence explore automation opportunities. The candidate should identify risk mitigation strategies associated with the actuarial work
• Bring Industry wide best practices and understand external technology trends. Should be able to relate those trends to the workplace
• In case of Data focus, the person should be able to guide the team on use of tools like MS Access, VBA, R and SAS
• The person should Assist in Planning for the project/program
• The person should Identify and interact with the home office team and necessary Business stakeholders to make sure their needs and expectations are being met
• The person should be a strong proponent of Actuarial practice and conducting roadshows (or other Sessions) to demonstrate it.

Process:

• Comply with Principal / BU specific practices
• Provide Support to Manager/Sr. Manager / Group Manager/ head of operations for estimation and risk identification. Mitigate technical, functional and people related risks
• Technical mentorship
• Build actuarial expertise.
• Be an SME in one or more areas like valuation/pricing/reserving/risk management.
• Lead Community actuarial analysts and senior analysts.
• Contribute towards BU maturity in actuarial credentials and technical areas.

Qualifications

Must Have

Education: GraduateBachelors degree (any stream)

Other:

• Sound technical skills, high aptitude, positive attitude, strong inter-personal skills, good experience in estimation methodologies, excellent communication and time management skills required. Good English communication
• Exposure to global working environment
• Abilities like problem solving, analytical, time management, planning & decision making, self-motivated, facilitate collaborate

Competencies:

• Make sound business decision
• Embrace Change
• Build strong Partnership
• Get results
• Act Strategically
• Lead Cultivate Talent