Senior Actuarial Analyst - Life Insurance Product Development

MMC; India; Remote; INR 1,200,000 - 1,800,000; Full time

Job summary

MMC is seeking a Senior Actuarial Analyst to support actuarial analysis, pricing, reserving and data analysis across life, health, and investment-linked products in APAC markets. The role combines technical modelling with business analysis, working with cross-functional teams and clients.

The successful candidate will build and validate models in Python or R, conduct experience studies, and help translate actuarial outputs into actionable business requirements while advancing automation and

Qualifications

• 5–8 years of relevant actuarial experience in life, health or investment-linked products.
• Experience with IFRS 17, RBC and regulatory requirements.
• Proficiency in Python or R for modelling and automation.
• Advanced Excel skills and data analysis capabilities.
• Experience with Postman/API testing and Agile delivery.

Responsibilities

• Support actuarial modelling, pricing, reserving and liability valuation.
• Conduct experience studies and assumption reviews including mortality, morbidity, persistency and expenses.
• Support IFRS 17, RBC and regulatory actuarial requirements.
• Build, test and document actuarial models using Python or R.
• Develop pricing calculations, rate tables, benefit illustrations and scenario analyses.
• Analyse claims, lapse, profitability and other actuarial metrics.
• Translate actuarial requirements into business requirements, user stories and acceptance criteria.
• Conduct gap analysis and support Agile delivery with cross‑functional teams.
• Build data analysis and reporting tools using Python, R and advanced Excel.
• Support API testing and validation via Postman and scripting tools.
• Assist with client workshops and actuarial analysis requests.
• Identify opportunities for automation, AI/ML and GenAI within workflows.

Skills

Actuarial modelling

Pricing & reserving

Experience analysis

Automation

Communication

Agile/JIRA

Data analysis

Education

Actuarial degree

Actuarial qualification (ASA/FSA/AIA/FIA)

Tools

Python

R

Excel

Postman

API testing

JIRA

Job description

Senior Actuarial Analyst

Location: anywhere APAC

Employment: Full-time remote

We are looking for a Senior Actuarial Analyst to support actuarial analysis, modelling, product pricing, reserving, data analysis, and business requirements across life, health, and investment-linked insurance products in APAC markets. The role will work closely with the Head of Actuarial and cross-functional teams, supporting both internal initiatives and client-facing insurance engagements.

Key Responsibilities

• Support actuarial modelling, pricing, reserving and liability valuation activities.
• Conduct experience studies and assumption reviews covering mortality, morbidity, persistency and expenses.
• Support IFRS 17, RBC and regulatory actuarial requirements.
• Build, test and document actuarial models using Python or R.
• Develop pricing calculations, rate tables, benefit illustrations and scenario analyses.
• Analyse claims, lapse, profitability and other key actuarial/product metrics.
• Translate actuarial requirements into business requirements, functional specifications, user stories and acceptance criteria.
• Conduct gap analysis and support Agile delivery with product, engineering, finance and client teams.
• Build data analysis and reporting tools using Python, R and advanced Excel.
• Support API testing and validation using Postman and scripting tools.
• Assist with client workshops, product reviews and actuarial analysis requests.
• Identify opportunities for automation, AI/ML and GenAI within actuarial workflows.

Requirements

• 5–8 years of relevant actuarial, actuarial consulting or closely related analytical experience.
• Experience with life, health and/or investment-linked insurance products.
• Degree in Actuarial Science, Mathematics, Statistics, Quantitative Finance or a related field.
• Pursuing or holding ASA, FSA, AIA, FIA or equivalent actuarial qualification.
• Practical knowledge of actuarial pricing, reserving and product analysis.
• Familiarity with IFRS 17.
• Strong Python or R skills for modelling, analysis and automation.
• Advanced Excel skills.
• Experience with Postman/API testing is preferred.
• Business analysis experience including requirements gathering, user stories, gap analysis and Agile/JIRA.
• Strong communication skills and ability to explain technical actuarial outputs to business and client stakeholders.