Senior Actuarial Analyst - Life Insurance Valuation

Chubb Group; Bengaluru; On-site; INR 1,500,000 - 2,300,000; Full time

Benefits offered by this job

Hybrid Work Environment

Health Coverage

Education Reimbursement

Career Growth Opportunities

Job summary

Chubb India is seeking a Senior Actuarial Analyst – Actuarial Life Valuation in Bengaluru to join the HIT Squad. You will design automated actuarial workflows using Python/SQL, apply AI and LLM within valuation processes, and ensure audit-ready outputs for LDTI and IFRS 17.

This role blends actuarial expertise with engineering mindset to drive scalable, reproducible solutions. Key focus areas include data validation controls, documentation, and collaborating with Life Actuarial to standardize

Qualifications

• Bachelor’s or master’s degree in mathematics, economics, Actuarial Science or Statistics.
• 3–5 actuarial exams (SOA/IFoA) and 2–5 years of Life actuarial experience with US GAAP LDTI/IFRS17 exposure.
• Understanding of Life actuarial data flows and validation controls.
• Proficient in Python/SQL and data pipelines; experience with AI/LLM tools is preferred.
• Familiarity with Prophet, DCS, and data visualization tools like Power BI/Tableau.

Responsibilities

• Design, build, and maintain automated actuarial workflows using Python/SQL.
• Apply AI/LLM tools within actuarial processes and automate reports and summaries.
• Ensure domain-correct, audit-ready outputs for LDTI/IFRS17.
• Create documentation, version control, and standardized processes.
• Build automated validation checks and reconciliation controls.

Skills

Python

SQL

Data pipelines

AI/LLM exposure

Excel

Power BI

Analytical mindset

Education

Bachelor’s or master’s degree in mathematics, economics, Actuarial Science or Statistics

Tools

Prophet

DCS

Power BI

Tableau

Job description

Analyst - Actuarial Life Valuation

Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com .

About Chubb India

At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow With a team of over 2500 talented professionals, we encourage a start-up mindset that promotes collaboration, diverse perspectives, and a solution-driven attitude. We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape. We offer an environment where you will be part of an organization that is dedicated to solving real-world challenges in the insurance industry. Together, we will work to shape the future through innovation and continuous learning.

Position Details

Job Title : Senior Actuarial Analyst – Actuarial Life Valuation

Function/Department : Life Actuarial

Location : Bengaluru

Employment Type : Full time

Reports To : Life Actuarial HIT Squad Lead

Role Overview

The HIT Squad is CBSI’s dedicated actuarial innovation team, focused on standardising, automating, and improving key processes across Life Actuarial Valuation. As an Actuarial Technology expert, you will combine actuarial knowledge with practical technology skills to build automated workflows, support controlled use of AI tools, and develop reusable, auditable solutions that improve efficiency, consistency, and scalability across the offshore valuation team.

Responsibilities

• Process Automation & Workflow Engineering: Design, build, and maintain automated actuarial workflows using Python and SQL to replace manual, error-prone steps with robust, auditable pipelines for data extraction, transformation, validation, and output generation.
• AI/LLM Implementation: Develop and apply AI and large language model tools within actuarial workflows, including automated report generation, assumption change summaries, anomaly detection, and intelligent data checks. Evaluate emerging tools and prototype practical use cases relevant to Life actuarial functions.
• Actuarial Domain Contribution: Apply knowledge of Life actuarial processes, including LDTI valuation, IFRS 17, and experience studies, to ensure automation solutions are domain-correct, audit-compliant, and produce reliable outputs.
• Documentation & Standardization: Build well-documented, version-controlled, reusable code and process documentation. Establish standards so any team member can run, support, and maintain a process without relying on the original author.
• Validation Controls & Checks: Design automated validation checks and reconciliation controls within actuarial pipelines to identify upstream data issues, model errors, and output anomalies before they reach stakeholders.

Skills and Qualifications

• Bachelor’s or master’s degree in mathematics, economics, Actuarial Science or Statistics.
• 3–5 exams from a recognized actuarial institute (SOA, IFoA, or equivalent); 2–5 years of actuarial experience in a Life insurance context, with exposure to life actuarial valuation (US GAAP LDTI/IFRS17 etc.).
• Working understanding of Life actuarial data flows, upstream-downstream dependencies, and the importance of validation controls within actuarial processes.
• Python and/or SQL proficiency (strongly preferred): ability to write, maintain, and troubleshoot data pipelines and automation scripts.
• Practical exposure to AI/LLM tools (strongly preferred): prompt engineering, API-based integration with genuine curiosity to apply them in an actuarial context.
• Familiarity with actuarial modelling tools (Prophet, DCS, or similar) — particularly how data flows in and out of models.
• Data visualization familiarity (Power BI, Tableau, or Python libraries) — desirable.
• Proficiency in MS Excel and other office applications.
• Strong analytical mindset, attention to detail, and problem-solving orientation.

Why Chubb?

Join Chubb to be part of a leading global insurance company! Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results. Industry leader: Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence A Great Place to work: Chubb India has been recognized as a Great Place to Work® for the years 2023-2024 and 2024-2025 Laser focus on excellence : At Chubb we pride ourselves on our culture of greatness where excellence is a mindset and a way of being. We constantly seek new and innovative ways to excel at work and deliver outstanding results Start-Up Culture : Embracing the spirit of a start-up, our focus on speed and agility enables us to respond swiftly to market requirements, while a culture of ownership empowers employees to drive results that matter Growth and success : As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience , enabling them to advance their careers in a conducive environment.

Employee Benefits

Our company offers a comprehensive benefits package designed to support our employees’ health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work environment. Our benefits include:

• Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
• Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.
• Health and Welfare Benefits: We care about our employees’ well-being in and out of work and have benefits like Hybrid Work Environment, Employee Assistance Program (EAP), Yearly Free Health campaigns and comprehensive Insurance benefits

Join Us With you

Chubb is better. Whether you are solving challenges on a global stage or creating innovative solutions for local markets, your contributions will help shape the future. If you value integrity, innovation, and inclusion , and are ready to make a difference, we invite you to be part of Chubb India’s journey .