Actuarial Analyst Moen
AIG
Bangalore
3d ago

Functional Area :

AC - ActuarialEstimated Travel Percentage (%) : No TravelRelocation Provided : NoAIG ANALYTICS & SERVICES PRIVATE LIMITED

The Actuarial Analyst will be a member of the Life Actuarial Model Development team, which is responsible for the end to end modeling of individual life insurance products including Universal Life and Term products.

The teams is responsible for identifying the modeling requirements including data requirements, product features, assumptions etc.

and build the model for the intended purposes such as Asset Liability Matching, Cashflow Testing, Valuation etc. The team also creates the model development documentation and ensures that the model testing team’s feedback incorporated into the model.

Detailed responsibilities include but not limited to :

  • Work with actuarial units, finance teams, and business units across the organization to understand stakeholder requirements
  • Assist the senior members in the team in modeling multiple life insurance products (mainly, Universal Life insurance and term insurance) into AXIS platform
  • Create documentation on the modeling steps and make sure it is peer reviewed
  • Unit testing the model functionality and making sure the model performs as expected
  • Work independently on multiple tickets on data, product features, assumptions etc.
  • Take the ownership of the tickets assigned and complete them on time with accuracy
  • Work closely with onshore model development team in completing the model build and answer various queries from model testing team
  • Follow AIG’s Model Governance Policies and Practices
  • Position Requirements :

  • 2 to 4 years of actuarial experience with individual life insurance products (UL, WL, Term)
  • Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field
  • Cleared 3-8 actuarial exams from Institute of Actuaries, UK / Institute of Actuaries of India / Society of Actuaries
  • Modeling experience is mandatory (Preferably on GGY AXIS)
  • Exposure to US life insurance products is an added advantage
  • Good verbal and written communication skills
  • Ability to work independently and within a team
  • Grade 18

    American General Life Insurance Company

    It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

    We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

    At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

    Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives

    It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

    We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

    At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

    Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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