Sr. Lead - Modelling and Reporting:

ABOUT THE ORGANIZATION

StarUnion Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2007between two major Indian PSU banks - Bank of India and Union Bank of India -and Japan's Dai-ichi Life Holdings.

We haveserved over 15 million customers through more than 19, 500 bank branches acrossIndia. Our network includes 1, 950 rural bank branches, ensuring insurancereaches remote areas.

SUD Lifefocuses on creating insurance products that meet different customer needsacross all segments of society. With our promoters' 100+ years of commitmentand combined strengths, we aim to become a leading name in India's lifeinsurance sector while delivering value to all stakeholders.

Establishedin 1902, Dai-ichi Life is the second largest life insurance company of Japanand is one of the top ten life insurers globally, renowned for sound productknowledge, superior asset management skills, and strong operationalcapabilities to manage life insurance businesses.

At SUDLife, our customers are our priority. We are committed to providing insuranceproducts that serve our customers unique needs across various strata ofsociety and geographies.

Thepromoters of SUD Life have a long-term commitment towards their customers andstakeholder. These strengths and values have been inherited by SUD Life, as wemake our way to becoming the next rising star in the Indian life insurancebusiness, promising exceptional value to all.

To know more about us please visit:

Our Website: https://www.sudlife.in/

Our LinkedIn Page: https://www.linkedin.com/compan y/13201422

Our Talent Philosophy

At Star Union Dai-ichi Life Insurance, we will ensure to nurture our people and provide opportunities to learn,



succeed and build careers to the best of their abilities, thus creating andunlocking value for self, the organization, and the society at large.

About the Role

Role Purpose

We are looking for skilled Actuarial personnel with robust experience in Prophet Modelling to support actuarial valuation, IFRS reporting, business planning, and shareholder reporting. The role involves development, maintenance, and enhancement of actuarial models, along with close coordination with internal stakeholders.

Job

Responsibilities

1. Develop and set up Prophet models for new products with detailed documentation and parallel Excel models
2. Maintain and enhance existing Prophet models, including regression-based modelling and robust version control
3. Improve usability and efficiency of models for stakeholders such as Valuation team, Business planning team and Shareholder reporting team
4. Update models in line with Ind AS (IFRS) reporting requirements
5. Optimize model performance by improving speed and structure
6. Support model reviews and validations conducted by internal audit teams and external reviewers
7. Implement enhancements and updates based on changing business requirements
8. Ensure proper model governance and documentation standards

Skills &

Competencies Required

1. Knowledge and Experience in Prophet Modelling
2. Hands on in DCS, R, MS Office
3. Knowledge of complex modelling techniques like loops, t-dependent variable, arrays etc. would be preferrable
4. Knowledge of Ind AS (IFRS) would be preferrable

5. Good communication skill

Experience Required Minimum 3 years to 6 years of experience in the Actuarial modelling team of Life Insurance Company

Qualification Required

Candidate should have completed 5 to 8 Actuarial Papers

📌 Sr. Lead - Modelling and Reporting (Navi Mumbai)
🏢 Star Union Dai ichi Life Insurance (SUD Life)
📍 Navi Mumbai