Job Title:
Sr. Team Member - Modelling & Shareholder Reporting:
Company: Star Union Dai-ichi Life Insurance Company Limited
Location: Mumbai, Maharashtra
Created: 2026-05-09
Job Type: Full Time
Job Description:
Role PurposeWe are looking for skilled Actuarial personnel with strong experience in Prophet Modelling to support actuarial valuation, IFRS reporting, business planning, and shareholder reporting. The role involves development, maintenance, and enhancement of actuarial models, along with close coordination with internal stakeholders.Job Responsibilities1. Develop and set up Prophet models for new products with detailed documentation and parallel Excel models2. Maintain and enhance existing Prophet models, including regression-based modelling and robust version control3. Improve usability and efficiency of models for stakeholders such as Valuation team, Business planning team and Shareholder reporting team4. Update models in line with Ind AS (IFRS) reporting requirements5. Optimize model performance by improving speed and structure6. Support model reviews and validations conducted by internal audit teams and external reviewers7. Implement enhancements and updates based on changing business requirements8. Ensure proper model governance and documentation standardsSkills & Competencies Required1. Knowledge and Experience in Prophet Modelling2. Hands on in DCS, R, MS Office3. Knowledge of complex modelling techniques like loops, t-dependent variable, arrays etc. would be preferrable3. Knowledge of Ind AS (IFRS) would be preferrable4. Good communication skillExperience RequiredMinimum 3 years to 6 years of experience in the Actuarial modelling team of Life Insurance CompanyQualification RequiredCandidate should have completed 5 to 8 Actuarial Papers