Life Actuarial resources - B2
EXL · Gurugram
Key Responsibilities
Actuarial Modelling
- Develop, maintain, and validate life insurance actuarial models with a focus on capital and asset side modelling.
- Perform model development, testing, validation, and ensure compliance with model governance standards.
- Support valuation, projection, experience investigation, and assumption-setting exercises. Analyze model results and provide actionable business insights.
Financial Reporting & Forecasting
- Support IFRS 17, Solvency, USGAAP, and other actuarial reporting requirements.
- Prepare long-term cashflow projections and profitability analysis. Perform impact assessment of assumption changes and model updates.
Model Validation & Controls
- Conduct model reviews, reconciliations, and validation testing. Investigate model discrepancies and recommend improvements.
- Analyze model point data, assumptions, and calculation methodologies.
Stakeholder Management
- Collaborate with actuarial, finance, risk, and technology teams.
- Support client engagements and communicate modelling results effectively.
- Prepare technical documentation and presentations for management.
Required Skills & Experience
- 4-7 years of actuarial modelling experience within the life insurance industry.
- Strong understanding of life insurance products, cashflows, actuarial principles and model controls.
- Experience in actuarial valuation, financial reporting, and projection modelling.
- Strong analytical, problem-solving and communication skills.
Technical Skills
- Experience with MG-ALFA actuarial modelling platform will be a significant advantage.
- Knowledge of Prophet, AXIS, or other actuarial modelling software is beneficial.
- Exposure to Python, VBA, SQL, or other automation tools is desirable.
- Understanding of actuarial model governance and validation frameworks
Preferred Qualifications
ALM (Asset Liability Management)
- Asset-liability cashflow projections.
- Interest rate risk analysis.
- Liquidity and duration management.
- Economic scenario testing.
- Economic Capital modelling.
- Risk-based capital frameworks.
- Solvency and capital assessment exercises.
- Scenario and stress testing.
Capital Modelling
Ideal Candidate
A motivated actuarial professional with strong life insurance modelling expertise, progressing towards actuarial qualification, and capable of delivering high-quality modelling solutions. Experience in MG-ALFA, ALM Modelling, Capital Modelling, and US Life Insurance will be considered a significant advantage
Role Summary We are looking for a high-performing actuarial professional to join our actuarial Life Insurance team. The role will involve actuarial model development, valuation, financial reporting, projection, and model governance activities across life insurance products and reporting regimes.