ABOUT THE ORGANIZATION

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

We have served over 15 million customers through more than 19,500 bank branches across India. Our network includes 1,950 rural bank branches, ensuring insurance reaches remote areas.

SUD Life focuses on creating insurance products that meet different customer needs across all segments of society. With our promoters' 100+ years of commitment and combined strengths, we aim to become a leading name in India's life insurance sector while delivering value to all stakeholders.

Established in 1902, Dai-ichi Life is the second largest life insurance company of Japan and is one of the top ten life insurers globally, renowned for sound product knowledge, superior asset management skills, and solid operational capabilities to manage life insurance businesses.

At SUD Life, our customers are our priority. We are committed to providing insurance products that serve our customers’ unique needs across various strata of society and geographies.

The promoters of SUD Life have a long-term commitment towards their customers and stakeholder. These strengths and values have been inherited by SUD Life, as we make our way to becoming the next rising star in the Indian life insurance business, 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/company/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 and unlocking value for self, the organization, and the society at large.

About the Role

Role Purpose

We are looking for skilled Actuarial personnel with strong 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

- Maintain and enhance existing Prophet models, including regression-based modelling and robust version control
- Improve usability and efficiency of models for stakeholders such as Valuation team, Business planning team and Shareholder reporting team
- Update models in line with Ind AS (IFRS) reporting requirements
- Optimize model performance by improving speed and structure
- Support model reviews and validations conducted by internal audit teams and external reviewers
- Implement enhancements and updates based on changing business requirements
- Ensure proper model governance and documentation standards

Skills &

Competencies Required

1. Knowledge and Experience in Prophet Modelling

- Hands on in DCS, R, MS Office
- Knowledge of complex modelling techniques like loops, t-dependent variable, arrays etc. would be preferrable
- Knowledge of Ind AS (IFRS) would be preferrable
- 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
📍 Navi Mumbai