Life Insurance Underwriting Actuary
- FCS Software Solutions
- 6 - 11 years
- Noida, Gurugram
- 21 hours ago
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Job Description
Position Title: Life Insurance Underwriting Actuary
Location: Remote
Timing: US EST Hours
Explanation of Position Responsibilities: Life insurance underwriting actuaries analyze financial and health-related risk using mathematics, statistics, probability, and actuarial models. Their primary responsibility is to evaluate mortality risk and help insurance companies determine how policies should be priced to remain profitable while staying competitive in the market.
They develop underwriting guidelines and create risk classifications (risk buckets) that underwriters use to assess applicants based on factors such as:
- Age
- Medical history
- Lifestyle habits (smoking, alcohol use, etc.)
- Occupation and hobbies
- Family health history
These professionals also:
- Calculate premium pricing for life insurance products
- Analyze mortality and claim trends
- Build predictive risk models
- Ensure compliance with insurance regulations
- Support profitability and long-term financial stability of insurance products
- Collaborate with underwriting, finance, product development, and risk management teams
Their work helps insurance companies make informed decisions about policy approvals, coverage limits, and pricing strategies while minimizing financial risk.
Additional Notes for help:
For this role, you should submit candidates who have a strong background in Actuarial Science, Life Insurance Underwriting, and Risk Modeling. The client is likely looking for professionals who can combine technical actuarial expertise with insurance domain knowledge.
Ideal Candidate Profile
Candidates should typically have:
- Experience in Life Insurance Actuarial Analysis
- Strong understanding of underwriting principles and mortality risk assessment
- Experience building or supporting risk classification models
- Knowledge of life insurance pricing and reserving
- Ability to analyze large datasets and predict financial/risk outcomes
- Strong mathematical and statistical skills
Preferred Technical Skills
Look for candidates with experience in:
- Actuarial modeling tools
- Excel (advanced)
- SQL
- SAS / R / Python
- Prophet, AXIS, MG-ALFA, or actuarial software tools
- Data analysis and reporting
Insurance Domain Experience
The candidate should preferably have experience in:
- Life Insurance
- Underwriting support
- Mortality studies
- Risk assessment
- Policy pricing
- Product development
Educational Background
Strong candidates usually have:
- Bachelors or Masters degree in:
- Actuarial Science
- Mathematics
- Statistics
- Finance
- Economics
Certifications
Very important for this role:
- Candidates pursuing or holding actuarial certifications such as:
- SOA (Society of Actuaries)
- ASA / FSA
- Multiple actuarial exams passed is often preferred
Share your Resume at as********a@fc***d.com
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: OtherRole Category: OtherRole: OtherEmployement Type: Full timeContact Details:
Company: FCS Software SolutionsLocation(s): Noida, Gurugram
Keyskills: Actuarial modeling underwriting principles R Excel SAS MG-ALFA mortality risk assessment SQL Python AXIS
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FCS Software Solutions
FCS is a leading provider of IT services. In the past one decade of its existence, FCS has carved out a niche for itself in core IT areas like E-learning, Digital content services, Resource staffing, BPO and Product engineering services. As a business innovator, FCS helps clients achieve extraordina...
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