Actuary

Our client is a domestic life insurer in JV with a global player. They have the following multiple Actuarial roles for urgent appointment.
Position 1: CM/AGM/Mgr- Statutory Valuation
Budget:
AGM/CM - INR 45 LPA fixed;
Manager – INR 20 LPA fixed
Context & Role:
Ensure new Prophet model development with all necessary flexibility, including stochastic modelling
Independent review of product pricing
Work closely with the ALM & Investments team to strategise around matching
Key Responsibilities:
Modelling: Building of models and testing for their accuracy, and preparation of need-based MIS.
Work closely with the team/consultants to deliver the new Prophet model
Peer review the pricing work independently
Strategise the ALM of the Company
The role also involves liaison and communication with other functions such as finance, investment and IT.
Desired qualifications and experience:
Qualified / nearly qualified
At least 10 years’ experience
Knowledge and skills required :
Good working knowledge of MS-Excel and MS-Access. Exposure to CQL will be an added advantage.
Working knowledge/exposure in actuarial software such as Prophet is preferred.
Domain exposure to the insurance industry
Knowledge about the policy admin system will be treated as an advantage.
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Position 2: Chief Manager- Pricing Actuary
Budget: INR 35 LPA fixed
Context & Role:
The role requires a good understanding of actuarial pricing concepts and cash flows of life insurance products
The role requires effective management of various stakeholders’ requirements. Therefore, a quick turnaround time without compromising the accuracy of calculations is necessary
Key Responsibilities:
Building pricing model in Excel/prophet/R
Assist in setting assumptions for pricing
Preparation of filing formalities
Building / Validation of Excel calculators for Benefit Illustration
Handling customer/IT queries related to benefit calculations
Assisting the IT and Modelling team in setting up the Products
Meeting any pricing-related regulatory requirement within specified timelines
Meeting any requirements from management regarding new products within timelines
Desired qualifications and experience:
Any graduate / post-graduate with at least 8-9 actuarial papers.
6- 8 years of relevant experience in pricing, modelling or reporting roles in a life insurance company.
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