Life Actuarial resources - B2

EXL Talent Acquisition Team; Gurugram District; On-site; INR 1,500,000 - 2,800,000; Full time

Job summary

EXL Talent Acquisition Team is seeking an experienced actuarial modeller with 4-7 years in the life insurance space. You will develop, validate and govern actuarial models focused on capital and asset side modelling, supporting valuation, reporting and projections.

Strong analytical and communication skills are essential to interact with risk, finance and technology teams. Proficiency with MG-ALFA is a major plus, with knowledge of Prophet or AXIS and automation tools like Python/SQL beneficial.

Qualifications

• 4-7 years of actuarial modelling experience within the life insurance industry.
• Strong understanding of life insurance products, cashflows, actuarial principles and model controls.
• Experience in actuarial valuation, financial reporting, and projection modelling.
• MG-ALFA modelling experience will be a significant advantage.
• Exposure to Python, VBA, SQL, or other automation tools is desirable.

Responsibilities

• Develop, maintain, and validate life insurance actuarial models with focus on capital and asset side modelling.
• Perform model development, testing, validation, and ensure compliance with model governance standards.
• Support valuation, projection, experience investigation, and assumption-setting exercises; analyze model results and provide business insights.
• Support IFRS 17, Solvency, USGAAP, and other actuarial reporting requirements; prepare long-term cashflow projections and profitability analysis.
• Conduct model reviews, reconciliations, and validation testing; investigate discrepancies and recommend improvements.
• Collaborate with actuarial, finance, risk, and technology teams; prepare technical documentation and presentations for management.

Skills

Actuarial modelling

Analytical skills

Communication skills

Life insurance knowledge

Tools

MG-ALFA

Prophet

AXIS

SQL

VBA

Python

Job description

Key Responsibilities

• Develop, maintain, and validate life insurance actuarial models with a focus on capital and asset side modelling.
• Perform model development, testing, validation, and ensure compliance with model governance standards.
• Support valuation, projection, experience investigation, and assumption-setting exercises. Analyze model results and provide actionable business insights.

Financial Reporting & Forecasting

• Support IFRS 17, Solvency, USGAAP, and other actuarial reporting requirements.
• Prepare long-term cashflow projections and profitability analysis. Perform impact assessment of assumption changes and model updates.

Model Validation & Controls

• Conduct model reviews, reconciliations, and validation testing. Investigate model discrepancies and recommend improvements.
• Analyze model point data, assumptions, and calculation methodologies.

Stakeholder Management

• Collaborate with actuarial, finance, risk, and technology teams.
• Support client engagements and communicate modelling results effectively.
• Prepare technical documentation and presentations for management.

Required Skills & Experience

• 4-7 years of actuarial modelling experience within the life insurance industry.
• Strong understanding of life insurance products, cashflows, actuarial principles and model controls.
• Experience in actuarial valuation, financial reporting, and projection modelling.
• Strong analytical, problem-solving and communication skills.

Technical Skills

• Experience with MG-ALFA actuarial modelling platform will be a significant advantage.
• Knowledge of Prophet, AXIS, or other actuarial modelling software is beneficial.
• Exposure to Python, VBA, SQL, or other automation tools is desirable.
• Understanding of actuarial model governance and validation frameworks

Preferred Qualifications

ALM (Asset Liability Management)

• Asset-liability cashflow projections.
• Interest rate risk analysis.
• Liquidity and duration management.
• Economic scenario testing.
• Economic Capital modelling.
• Risk-based capital frameworks.
• Solvency and capital assessment exercises.
• Scenario and stress testing.

Capital Modelling

Ideal Candidate

A motivated actuarial professional with strong life insurance modelling expertise, progressing towards actuarial qualification, and capable of delivering high-quality modelling solutions. Experience in MG-ALFA, ALM Modelling, Capital Modelling, and US Life Insurance will be considered a significant advantage