Actuarial Analyst (Life Insurance)

Department Icon Insurance- Life Insurance
Posted: 1 year ago
2-4 years
Mumbai
Insurance- Life Insurance
Work From Office
Full Time
Upto ₹0 - ₹0

Posted: 1 year ago
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Posted over 15 days ago, so the role may have closed. Confirm on the employer's page when you apply, or see similar jobs.

Job Description

What role you will play in team: You'll be a key member of our actuarial team, providing crucial analytical support for the pricing, reserving, and financial modelling of life insurance products.

What you will do: You'll work on complex models, interpret data, and assist with various financial and risk assessments within the life insurance space.

Key responsibility:

  • Develop and maintain actuarial models for pricing, reserving, and capital modelling.
  • Analyze mortality, morbidity, and lapse data to project future liabilities.
  • Prepare actuarial reports and presentations for management.
  • Conduct financial analyses to assess the financial impact of various business decisions.
  • Collaborate with other teams to support new product development and pricing strategies.
  • Stay up-to-date on industry best practices and regulatory changes.
  • Assist with regulatory reporting and compliance matters.
  • Contribute to the continuous improvement of actuarial processes and models.

Required Qualification and Skills:

  • Actuarial Science degree or related field.
  • Progress towards achieving actuarial qualifications (e.g., ACIA, FIA).
  • Strong analytical and problem-solving skills.
  • Experience with actuarial software (e.g., Prophet, MoSes).
  • Excellent communication and presentation skills.
  • Experience in life insurance industry (preferred).
  • Strong understanding of financial modeling techniques.

Benefits Included:

  • Highly competitive salary and benefits package.
  • Opportunities for professional development and career growth.
  • Challenging and rewarding work environment.
  • Comprehensive health insurance and other benefits.
  • Opportunities for certification and professional designation support.

A Day in the Life: You'll analyze data, build models, and contribute to crucial financial decisions regarding our life insurance products.

Skills

Actuarial ScienceModelingData AnalysisFinancial AnalysisLife InsuranceActuarial Software

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About Company

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company. It is one of the largest insurance companies in India.

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