Actuarial Business Analyst

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Job Overview:

We are seeking a skilled Actuary to support actuarial modeling, valuation, and risk analysis across life insurance products. The ideal candidate will have strong expertise in actuarial modeling, product analysis, and financial risk assessment within the life insurance domain.

The role involves supporting strategic business initiatives, improving actuarial processes, and delivering actionable insights to stakeholders across the organization.

Key Responsibilities:

Actuarial Analysis & Modeling

• Perform actuarial analyses for life insurance products including:
  
  

Term Life

Universal Life

Pension Risk Transfer (PRT)

• Develop, maintain, and validate actuarial models for pricing, valuation, and forecasting
• Analyze experience data and trends to support business insights and decision-making
  
  

Product & Risk Management

• Support product design, pricing, and profitability analysis
• Assess and quantify risks associated with insurance portfolios
• Provide recommendations for risk mitigation and business optimization
  
  

Model Governance & Validation

• Perform quality assurance and validation of actuarial models and tools
• Ensure models adhere to internal standards and actuarial best practices
• Maintain documentation for models and methodologies
  
  

Business & Stakeholder Collaboration

• Collaborate with Finance, Investments, IT, Product, and Underwriting teams
• Translate complex actuarial concepts into business insights
• Support enterprise transformation and strategic initiatives
  
  

Regulatory & Audit Support

• Assist with internal and external audit processes
• Ensure compliance with actuarial standards and regulatory requirements
• Provide documentation and support for actuarial assumptions and results
  
  

Required Qualifications:

Experience

• 5–10 years of actuarial experience in life insurance
• Strong experience in:
  
  

Actuarial modeling

Risk assessment

Product analysis

Professional Credentials

• ASA (Associate of the Society of Actuaries) – Required
• FSA (Fellow of the Society of Actuaries) – Preferred
  
  

Technical Skills

• Experience with actuarial tools:
  
  

GGY Axis (Preferred)

MG-ALFA

• Strong programming and analytics skills:
  
  

SQL

Python

VBA

• Experience working with large datasets and automation tools
  
  

Domain Knowledge

• Strong understanding of life insurance products and actuarial principles
• Knowledge of actuarial modeling methodologies, assumptions, and financial projections
  
  

Key Competencies

• Strong analytical and problem-solving skills
• Excellent communication and stakeholder management abilities
• Attention to detail and accuracy
• Ability to collaborate in cross-functional teams
• Strategic thinking and business acumen