AVP – Actuarial Modelling

A Leading Life Insurance Company is seeking a highly skilled AVP – Actuarial Modelling to join its actuarial leadership vertical in Gurugram. Reporting directly to the Appointed Actuary, you will assume absolute responsibility for leading the design, build, and maintenance of enterprise-scale models on Prophet. Furthermore, you will drive code robustness and ensure total model alignment across pricing, embedded value, and statutory reporting requirements. Consequently, this position is crucial for maintaining reporting integrity within a dynamic regulatory environment.

The AVP – Actuarial Modelling must combine deep hands-on Prophet coding mastery with a disciplined approach to version control change management. Partnering directly with Finance, Investor Relations, and corporate compliance teams, you will convert mathematical logic into structured insights that support board-level disclosures. Therefore, the organization is looking for a detail-oriented professional who directs model office stress testing comfortably under tight statutory timelines. If you want to steer advanced capital modeling practices, this role offers an elite tier.

Key Responsibilities

• Lead, manage, and oversee Prophet model development frameworks for new insurance product launches and financial reporting cycles.
• Direct the actuarial modeling team on complex product coding setups, assumption configurations, and model office testing tracks.
• Review and provide official sign-off on Prophet models, specialized libraries, and advanced Extra codes across all lines.
• Govern the model change management workflow, ensuring rigorous version tracking and technical change documentation logs.
• Evaluate sensitivity analyses, macro stress testing, and scenario code runs to support core corporate pricing decisions.
• Profile and optimize Prophet run efficiencies, driving performance tuning initiatives across the actuarial landscape.
• Support statutory and internal audit frameworks by reviewing model walkthroughs, data lineage tracking, and audit query responses.
• Review model outputs feeding into shareholder financial reporting, tracking embedded value, IFRS, and statutory disclosures.
• Partner with Finance and IT to manage data architecture integrations and provide insights on board-level reporting metrics.

Requirements and Qualifications

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or a highly quantitative stream.
• Professional status as a Fellow Actuary is preferred; candidates who are 1-2 papers short of Fellowship will also be considered.
• 10+ Years of relevant experience in life insurance actuarial modelling, with expert hands-on mastery in Prophet (coding and testing).
• Deep structural understanding of embedded value frameworks, regulatory compliance rules, and statutory disclosure codes.
• Superb technical documentation capabilities, high analytical precision, problem-solving depth, and relationship building traits.