Job Title

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 fixedContext & Role: Ensure new Prophet model development with all necessary flexibility, including stochastic modellingIndependent review of product pricing Work closely with the ALM & Investments team to strategise around matchingKey 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 modelPeer review the pricing work independentlyStrategise the ALM of the CompanyThe 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’ experienceKnowledge 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.------------------------------------------------------------------------------------------------------------Position 2: Chief Manager- Pricing ActuaryBudget: INR 35 LPA fixedContext & Role: The role requires a good understanding of actuarial pricing concepts and cash flows of life insurance productsThe role requires effective management of various stakeholders’ requirements. Therefore, a quick turnaround time without compromising the accuracy of calculations is necessaryKey Responsibilities:Building pricing model in Excel/prophet/RAssist in setting assumptions for pricingPreparation of filing formalitiesBuilding / Validation of Excel calculators for Benefit IllustrationHandling customer/IT queries related to benefit calculationsAssisting the IT and Modelling team in setting up the ProductsMeeting any pricing-related regulatory requirement within specified timelinesMeeting any requirements from management regarding new products within timelinesDesired 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.------------------------------------------------------------------------------------------------------------