Role Overview
Seeking a skilled Actuary to support actuarial modeling, valuation, and risk analysis across life insurance products.
This role involves applying actuarial expertise to assess financial risks, support product development, and provide strategic insights to business stakeholders.
The Actuary will play a key role in ensuring accuracy in actuarial models, supporting business decision-making, and enhancing overall actuarial processes and governance.
Key Responsibilities
Actuarial Analysis & Modeling
Perform actuarial analyses related to life insurance products, including:
o Term Life
o Universal Life
o Pension Risk Transfer (PRT)
Develop, maintain, and validate actuarial models for pricing, valuation, and forecasting
Analyze experience data and trends to support business insights and decision-making
Product & Risk Management
Support product design, pricing, and profitability analysis
Assess and quantify risks associated with insurance portfolios
Provide recommendations for risk mitigation and business optimization
Model Governance & Validation
Perform quality assurance and validation of actuarial models and tools
Ensure models adhere to internal standards and actuarial best practices
Maintain documentation for models and methodologies
Business & Stakeholder Collaboration
Partner with cross-functional teams including:
o Finance
o Investments
o IT
o Product and underwriting teams
Translate technical actuarial concepts into actionable business insights
Support strategic initiatives and enterprise transformation programs
Regulatory & Audit Support
Assist in internal and external audit processes
Ensure compliance with actuarial standards and regulatory requirements
Provide documentation and explanations for actuarial assumptions and results
Required Qualifications & Experience
Experience
5 10+ years of actuarial experience in life insurance
Strong background in:
o Actuarial modeling
o Risk assessment
o Product analysis
Professional Credentials
ASA (Associate of the Society of Actuaries) required
FSA (Fellow of the Society of Actuaries) preferred
Technical Skills
Experience with actuarial software:
o GGY Axis (preferred) or MG-ALFA
Strong programminganalytics skills:
o SQL
o Python
o VBA
Experience working with large datasets and automation tools
Domain Knowledge
Strong understanding of life insurance products and actuarial principles
Knowledge of modeling methodologies, assumptions, and financial projections
Key Competencies
Strong analytical and problem-solving skills
Attention to detail and accuracy
Effective communication and stakeholder management
Ability to work collaboratively in cross-functional teams
Strategic thinking and business acumen
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