Senior Analyst Actuarial Modeling

Empower; Bengaluru; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

Empower seeks a Senior Actuarial Analyst in Bengaluru to develop and run complex actuarial valuation models using MG-ALFA or GGY AXIS. The role requires deep systems knowledge and the ability to mentor junior team members.

Ideal candidates hold a Bachelor's in actuarial science or math/statistics with 8 actuarial exams cleared, and demonstrate strong MS Excel/VBA skills, internal controls, and data process design capabilities.

Qualifications

• Bachelor's degree in actuarial science, math/statistics or equivalent is required.
• Cleared minimum 8 actuarial exams from IFoA/SOA/IAI or equivalent society.

Responsibilities

• Builds, maintains, and runs complex actuarial models.
• Ensures compliance with department policies, actuarial standards, and applicable regulations.
• Executes and documents support for key management internal controls.
• Prepares MG-ALFA or GGY-Axis results reports and financial analyses for reporting.
• Mentoring Junior team members.
• Expertise in GGY AXIS or MG-ALFA valuation modeling.

Skills

MS Office (Excel)

Excel VBA

Strong communication

Data analysis

Actuarial systems

MG-ALFA

GGY AXIS

Education

Bachelor's degree in actuarial science or math/statistics

8 actuarial exams (IFoA/SOA/IAI)

Tools

MG-ALFA

GGY AXIS

Excel

Access

Job description

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

The Senior actuarial Analyst will work with MG-ALFA or GGY AXIS systems actuarial valuation models to generate financial results and analysis. The Senior actuarial analyst will bring actuarial valuation systems expertise in MG-ALFA or GGY AXIS modeling applications. The successful candidate will be a highly motivated, organized, and have demonstrated expertise with applicable systems and data.

Primary Responsibilities:

• Builds, maintains, and runs complex actuarial models
• Ensures compliance with department policies, actuarial standards, and applicable regulations.
• Executes and documents support for key management internal controls.
• Prepares MG-ALFA or GGY-Axis results reports and financial analyses in support of financial and regulatory reporting.
• Mentoring Junior team members
• Expertise in GGY AXIS or MG-ALFA valuation modeling.

Educational Qualification:

• Bachelor's degree in actuarial science, math/statistics or equivalent is required
• Cleared minimum 8 actuarial exams from IFoA/SOA/IAI or any other equivalent society.

Required skills and competencies:

• Has deep knowledge of actuarial systems and transferring skills to processes.
• Good knowledge of internal controls and model documentation
• Can design solutions for actuarial model or data process issues.
• Advanced proficiency in MS Office including Excel, Access, and VBA.
• Strong communication skills.
• Ability to produce complex results and provide initial analyses.
• Identifies and participates in implementing improvements.
• Demonstrates strong work ethic and personal accountability
• Builds collaborative and cooperative relationships.
• Adjusts to changing events and priorities; displays a positive approach; focuses energy on determining possibilities.
• Makes decisions within guidelines, controls, and policies that impact priorities and allocation of time to meet deadlines.
• Manages costs (time) related to work.

Required Experience

• 4-6 years of Actuarial experience in Life core/consulting or U.S. retirements
• Experience of working on risk/financial/actuarial Modeling using excel/VBA/R etc
• Work shift timing is 1:30 PM TO 10 :30 PM

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.