Senior Actuarial Analyst - Life Insurance Product Development

High5; India; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

High5 is seeking 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 collaborates with the Head of Actuarial and cross-functional teams, supporting both internal initiatives and client engagements.

Qualifications

• 5–8 years of actuarial experience in consulting or related analytics.
• Experience with life, health and investment-linked insurance products.
• Pursuing or holding ASA, FSA, AIA, FIA or equivalent.
• Proficient in actuarial pricing, reserving and product analysis.
• Familiar with IFRS 17.
• Strong Python or R skills for modelling, analysis and automation.
• Advanced Excel skills.
• Experience with Postman/API testing.
• Business analysis including requirements gathering, user stories, gap analysis and Agile/JIRA.
• Ability to explain actuarial outputs to business stakeholders.

Responsibilities

• Support actuarial modelling, pricing, reserving and liability valuation activities.
• Conduct experience studies and assumption reviews.
• 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 specs, 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.

Skills

Python

R

Excel

IFRS 17

Postman

JIRA/Agile

Communication

Education

Actuarial Science/Math/Statistics/Quantitative Finance degree

Tools

Postman

SQL

Excel

Job description

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.