Actuarial Analyst

Actuarial Analyst

Job Title: Actuarial Analyst Experience Level: 2+yrs Work location: Remote if required needs to come to Mumbai Office

Key Responsibilities

• The Actuarial Analyst would help in the current conversion from MG Triton to Prophet 360 for valuation, and from Prophet NAUS to Prophet 360 for projections.
• Review and document existing model structure, assumptions, and custom code used in Prophet NAUS.
• Identify features or elements that may require changes or enhancements during migration 'Conversion to Prophet 360'
• Rebuild or convert Prophet NAUS models into Prophet 360-compliant formats, ensuring fidelity of projections and calculations.
• Implement best practices aligned with Prophet 360's architecture and modeling conventions 'Testing and Validation'
• Perform parallel runs between old and new environments to validate results.
• Resolve discrepancies, optimize model performance, and ensure consistency in output.
• Merge documented change requirements from other actuarial teams into Prophet models.
• Support ongoing maintenance of Prophet 360 and NAUS models.
• Implement consistency and best practices across Prophet libraries.
• Assist with library updates as needed.
• Contribute to regression testing and the master model release process.
• Preparing and reviewing financial reporting deliverables under US GAAP.
• Working with actuarial modeling tools (e.g., Prophet, DCS) to support life insurance product development and valuation.
• Validating model assumptions and analyzing their impact on financial reserves.
• Performing user acceptance testing to ensure accuracy and reliability of model updates.
• Conducting cash flow validations for new insurance products, ensuring compliance with regulatory.

Technical Skills

• Basic to intermediate proficiency in Prophet (libraries like Prophet 360 and ALS).
• Strong skills with Excel.
• Understanding of cash flow modeling, reserves, and ALM concepts.

Soft Skills

• Strong communication and collaboration across teams.
• Demonstrates initiative and problem-solving ability