Senior Actuarial Analyst - Life Insurance (Bengaluru)

Senior Actuarial Analyst - Life Insurance (Bengaluru)

09 Nov
|
Chubb
|
Bengaluru

09 Nov

Chubb

Bengaluru

About Chubb Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Chubb employs approximately 43,000 people worldwide. At Chubb India, we are on an exciting journey of digital transformation driven by a commitment to engineering excellence and analytics. We are proud to share that we have been officially certified as a Great Place to Work® for the third consecutive year, a reflection of the culture at Chubb where we believe in fostering an environment where everyone can thrive, innovate, and grow

We are dedicated to building expertise in engineering, analytics, and automation, empowering our teams to excel in a dynamic digital landscape.

Job Title : Senior Actuarial Analyst – Actuarial Life Valuation
Function/Department : Life Actuarial
Employment Type : Full time
Reports To : Life Actuarial HIT Squad Lead
Role Overview: The HIT Squad is CBSI's dedicated actuarial innovation team, focused on standardising, automating, and improving key processes across Life Actuarial Valuation. As an Actuarial Technology expert, you will combine actuarial knowledge with practical technology skills to build automated workflows, support controlled use of AI tools, and develop reusable, auditable solutions that improve efficiency, consistency, and scalability across the offshore valuation team

Design, build, and maintain automated actuarial workflows using Python and SQL to replace manual, error-prone steps with robust, auditable pipelines for data extraction, transformation, validation, and output generation.
AI/LLM Implementation:



Develop and apply AI and large language model tools within actuarial workflows, including automated report generation, assumption change summaries, anomaly detection, and intelligent data checks. Evaluate emerging tools and prototype practical use cases relevant to Life actuarial functions.
Actuarial Domain Contribution: Apply knowledge of Life actuarial processes, including LDTI valuation, IFRS 17, and experience studies, to ensure automation solutions are domain-correct, audit-compliant, and produce reliable outputs.
Documentation & Standardization: Build well-documented, version-controlled, reusable code and process documentation. Validation Controls & Checks: Design automated validation checks and reconciliation controls within actuarial pipelines to identify upstream data issues, model errors, and output anomalies before they reach stakeholders.

Bachelor's or master's degree in mathematics, economics, Actuarial Science or Statistics.

- 3–5 exams from a recognized actuarial institute (SOA, IFoA, or equivalent);
- 2–5 years of actuarial experience in a Life insurance context, with exposure to life actuarial valuation (US GAAP LDTI/IFRS17 etc.).
- Working understanding of Life actuarial data flows, upstream-downstream dependencies, and the importance of validation controls within actuarial processes.
- Python and/or SQL proficiency (strongly preferred): ability to write, maintain, and troubleshoot data pipelines and automation scripts.
- Practical exposure to AI/LLM tools (strongly preferred): prompt engineering,



API-based integration with genuine curiosity to apply them in an actuarial context.
- Familiarity with actuarial modelling tools (Prophet, DCS, or similar) — particularly how data flows in and out of models.
- Data visualization familiarity (Power BI, Tableau, or Python libraries) — desirable.
- Proficiency in MS Excel and other office applications.
- Join Chubb to be part of a leading global insurance company!

Our constant focus on employee experience along with a start-up-like culture empowers you to achieve impactful results.
Chubb is a world leader in the insurance industry, powered by underwriting and engineering excellence
We constantly seek new and innovative ways to excel at work and deliver outstanding results
As we continue to grow, we are steadfast in our commitment to provide our employees with the best work experience, enabling them to advance their careers in a conducive environment

Employee Benefits Our company offers a comprehensive benefits package designed to support our employees' health, well-being, and professional growth. Employees enjoy flexible work options, generous paid time off, and robust health coverage, including treatment for dental and vision related requirements. We invest in the future of our employees through continuous learning opportunities and career advancement programs, while fostering a supportive and inclusive work setting. Savings and Investment plans: We provide specialized benefits like Corporate NPS (National Pension Scheme), Employee Stock Purchase Plan (ESPP), Long-Term Incentive Plan (LTIP), Retiral Benefits and Car Lease that help employees optimally plan their finances
Upskilling and career growth opportunities: With a focus on continuous learning, we offer customized programs that support upskilling like Education Reimbursement Programs, Certification programs and access to global learning programs.

📌 Senior Actuarial Analyst - Life Insurance (Bengaluru)
🏢 Chubb
📍 Bengaluru

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