Assistant Manager – Prophet Modelling

A leading life insurance company is seeking a highly skilled Assistant Manager – Actuarial for its Prophet Modelling function in Mumbai. In this technical role, you will be responsible for the smooth delivery of change requests and new developments within the Prophet model. Furthermore, you will anchor discussions with stakeholders to ensure seamless transitions and model releases. Consequently, this position is essential for maintaining the integrity and quality of the organization’s actuarial modelling framework.

The Assistant Manager will play a pivotal role in the implementation of US-GAAP and IFRS-17 using Prophet software. Additionally, you will lead the modelling of new products and perform rigorous quality checks to identify any model discrepancies. Therefore, the company is looking for a professional with at least 3 years of experience in the actuarial domain and a strong technical background. If you have a passion for grooming talent and driving technical excellence, this role offers a significant opportunity for professional growth.

Key Responsibilities

• Deliver complex change requests and oversee the continuous development of Prophet software.
• Lead the implementation of US-GAAP and IFRS-17 reporting standards within the Prophet environment.
• Model new products in Prophet while ensuring accuracy and alignment with product specifications.
• Perform end-to-end With-profit and Asset share modelling for diverse insurance portfolios.
• Conduct rigorous quality checks on the Prophet model to identify and resolve any discrepancies.
• Maintain a strict audit trail and implement quality control measures for all model updates.
• Coordinate with multiple stakeholders to assist in smooth model releases that meet user expectations.
• Groom and train junior team members to enhance their technical Prophet modelling skills.
• Support other ad-hoc actuarial requirements and cross-functional reporting tasks.

Requirements and Qualifications

Education and Experience

• Candidate should have completed at least 5 actuarial papers (as per the old curriculum).
• A minimum of 3 years of professional experience in the actuarial domain.
• Proven experience in handling Prophet model change requests and new product developments.
• Experience in a life insurance company or consultancy with a focus on technical modelling.

Technical Skills and Competencies

• Strong working knowledge of Prophet software and actuarial modelling concepts.
• Knowledge of US-GAAP and IFRS-17 implementation within actuarial systems.
• Familiarity with audit and control concepts to ensure high-quality model governance.
• Excellent communication skills for effective stakeholder management and collaboration.
• Ability to partner effectively with colleagues across multiple business groups and corporate areas.
• Analytical expertise to check results and identify technical discrepancies in complex models.

Measurement of Success

• Quality and completeness of all actuarial deliverables and technical documentation.
• Maintaining reasonable turn-around times for model change requests and releases.
• Ability to analyze results effectively and provide actionable insights to senior leadership.
• Consistently positive feedback from cross-functional stakeholders and business partners.

If you are a Prophet modelling expert ready to drive the technical evolution of a premier life insurance organization, we encourage you to apply today!