Actuarial Modelling Manager

A Leading Life Insurance Company is seeking a highly technical Actuarial Modelling Manager to join its core risk analytics division in Mumbai. In this full-time role, you will take direct responsibility for the development, parameterization, and structural delivery of advanced Prophet models. Furthermore, you will configure new insurance products into automated systems and execute comprehensive cash flow reconciliations against pricing sheets. Consequently, this position is vital for maintaining rate adequacy, model compliance, and robust capital valuations.

The Actuarial Modelling Manager must seamlessly bridge financial reporting requirements with rigorous database engineering standards. Additionally, you will drive process efficiency gains, perform user acceptance testing, and compile statutory reports for the Appointed Actuary. Therefore, the company is looking for a mathematical strategist with deep proficiency handling DCS, SQL, and Prophet codebases. If you want to steer advanced capital studies inside a high-growth finance group, this position offers an exceptional career tier.

Key Responsibilities

• Develop, maintain, and deliver required Prophet models and actuarial reporting files to corporate stakeholders.
• Set up new insurance products on Prophet applications and validate functionality through exhaustive cash flow reviews.
• Ensure all technical model builds are fully compatible with evolving regulatory reporting guidelines.
• Coordinate with cross-functional headers to capture model requirements and provide ongoing Prophet technical support.
• Identify, test, and execute optimization enhancements to improve overall model processing and process velocity.
• Govern an accurate, well-documented, and comprehensive modeling process, including executing annual parameter updates.
• Participate in peak annual regulatory reporting, preparing inputs for the Appointed Actuary’s Annual Report.
• Compile required data cuts for the structural Actuarial Report and Abstract in accordance with legal timelines.
• Adhere strictly to internal process controls, valuation audits, quality checks, and innovation matrix rules.
• Support ad-hoc actuarial valuation projects and custom stress testing models as directed by corporate boards.

Requirements and Qualifications

• Graduate or Post-Graduate degree qualification in Statistics, Actuarial Science, Mathematics, or Finance.
• 4-6 Years of successful experience within an actuarial modeling or financial reporting unit at a life insurance firm.
• Clearance of a minimum of 8+ actuarial papers under the current recognized professional institute curriculum standards.
• Expert, hands-on programming execution capabilities using Prophet software, DCS, SQL databases, and MS Office.
• Strong analytical thinking skills paired with excellent process governance and a collaborative mindset.