Job Description

Job requisition ID :: 88914
Date: Sep 3, 2025
Location: Delhi
Designation: Deputy Manager
Entity: Deloitte Touche Tohmatsu India LLP
Risk Advisory/ FIRR


R & LS | Actuary

Your potential, unleashed.

India's impact on the global economy has increased at an exponential rate and Deloitte presents


an opportunity to unleash and realise your potential amongst cutting edge leaders, and


organisations shaping the future of the region, and indeed, the world beyond.



At Deloitte, your whole self to work, every day. Combine that with our drive to propel with purpose


and you have the perfect playground to collaborate, innovate, grow, and make an impact that


matters.

The team

FIRR Team is about much more than just the numbers. It's about attesting to accomplishments


and challenges and helping to assure strong foundations for future aspirations. Deloitte exemplifies.


what, how, and why of change so you're always ready to act ahead.



Learn more about Risk Advisory R & LS

Your work profile

As a

M/AD

in our

FIRR

Team you'll build and nurture positive working relationships with


teams and clients with the intention to exceed client expectations: -

Work you'll do

We are seeking an experienced Senior Actuary to join our Actuarial team, specializing in life insurance modelling, asset modelling, and valuation for annuity and life products. This role requires expertise in GGY AXIS modelling, VBA automation, IFRS17 implementation, and profit modelling. You will be responsible for leading actuarial model development, ensuring model governance, managing actuarial team activities, and supporting key projects related to life insurance and asset modelling.

Economic Capital & Risk-Based Capital

: Provide support and analysis related to economic capital and risk-based capital requirements. Ensure the integration of economic capital models into the actuarial modelling process and perform sensitivity testing, stress testing, and capital allocation

MCEV (Market Consistent Embedded Value):

Lead MCEV calculations for life insurance products, ensuring that embedded value calculations align with industry standards and reflect the company's business strategy and risk profile. This includes performing stochastic modelling and integrating market assumptions

Valuation & Reserve Analysis

: Perform valuation for life insurance products under various standards, including Bermuda EBS, SFS, SA & SBA methods. Prepare and analyse reserve summaries and conduct movement analysis for quarter-on-quarter reserve changes

IFRS17 Implementation

: Lead and support the IFRS17 implementation project. Conduct gap analysis, evaluate vendors for implementation, and assess requirements from a DSP standpoint. Help in drafting proposals for clients and provide cost comparisons for vendor options Calculate Technical Provisions, Risk Margin, and Standard Formula SCR in line with Solvency II and BMA requirements for start-up specialty (re)insurers and Lloyd's syndicates Lead and contribute to PRA (Prudential Regulatory Authority) submissions and Quantitative Impact Studies to support the regulatory review of Solvency II

Model Governance & Risk Management

: Ensure model governance practices are followed for life insurance models, including compliance with regulations such as CFT/PBR/ALM. Lead model enhancements, addressing assumptions loading, scenario setups, sensitivities, and ad-hoc requirements

GGY AXIS Modelling & Life Insurance Products

: Develop, enhance, and maintain actuarial models for life insurance products (annuities, life insurance policies). This includes profit modelling, cash flow testing, and scenario modelling using GGY AXIS

Par Business Management

: Oversee the modelling and management of par (participating) business, including maintaining appropriate policyholder dividend strategies, assessing the impact of asset-liability matching, and ensuring compliance with regulatory requirements related to par business

Client Interaction & Proposal Drafting

: Assist in drafting client proposals, evaluating technical solutions, and presenting actuarial findings to clients. Provide advisory services regarding actuarial modelling and regulatory compliance

Collaboration:

Work closely with teams in Liability, QA, Production, and ALM to provide ongoing support and troubleshooting for GGY AXIS queries and other actuarial requirements

Skills:

Familiarity with IFRS17 and Solvency II regulations is essential. Experience in Economic Capital & Risk-Based Capital Working experience of MCEV calculation is plus Exposure in Global insurance firm Experience in scenario modelling and deterministic/stochastic approaches for asset and liability modelling Modelling Skills: In-depth experience in life insurance modelling, profit testing, asset-liability management (ALM), and cash flow testing Problem-Solving & Analytical Skills: Strong analytical and problem-solving skills with the ability to apply actuarial techniques to complex financial data and models Communication: Excellent verbal and written communication skills with the ability to present complex actuarial concepts to both technical and non-technical stakeholders Project Management: Ability to manage multiple projects, prioritize effectively, and meet deadlines. Experience leading actuarial teams and projects is a plus Strong quant knowledge Experience with Excel, SQL, and other actuarial/statistical software Coding preferred: VBA ,R / Python

Desired qualifications

Masters/bachelor's degree in actuarial science, Mathematics, Economics, or related fields. Actuarial exams passed

Location and way of working

Base location: Gurgaon This profile involves occasional travelling to client locations OR this profile does not involve extensive travel for work. Hybrid is our default way of working. Each domain has customised the hybrid approach to their unique needs.

Your role

We expect our people to embrace and live our purpose by challenging themselves to identify.


issues that are most important for our clients, our people, and for society.



Risk Advisory/ FIRR R & LS | Actuary


In addition to living our purpose, Employee across our organization must strive to be:

Inspiring - Leading with integrity to build inclusion and motivation Committed to creating purpose - Creating a sense of vision and purpose Agile - Achieving high-quality results through collaboration and Team unity Skilled at building diverse capability - Developing diverse capabilities for the future Persuasive / Influencing - Persuading and influencing stakeholders Collaborating - Partnering to build new solutions Delivering value - Showing commercial acumen Committed to expanding business - Leveraging new business opportunities Analytical Acumen - Leveraging data to recommend impactful approach and solutions through the power of analysis and visualization Effective communication - Must be well abled to have well-structured and well-articulated conversations to achieve win-win possibilities Engagement Management / Delivery Excellence - Effectively managing engagement(s) to ensure timely and proactive execution as well as course correction for the success of engagement(s) Managing change - Responding to changing environment with resilience Managing Quality & Risk - Delivering high quality results and mitigating risks with utmost integrity and precision Strategic Thinking & Problem Solving - Applying strategic mindset to solve business issues and complex problems Tech Savvy - Leveraging ethical technology practices to deliver high impact for clients and for Deloitte Empathetic leadership and inclusivity - creating a safe and thriving environment where everyone's valued for who they are, use empathy to understand others to adapt our Behaviours and attitudes to become more inclusive.

How you'll grow

Connect for impact


Our exceptional team of professionals across the globe are solving some of the world's most


complex business problems, as well as directly supporting our communities, the planet, and each


other. Know more in our Global Impact Report and our India Impact Report.

Empower to lead


You can be a leader irrespective of your career level. Our colleagues are characterised by their


ability to inspire, support, and provide opportunities for people to deliver their best and grow both


as professionals and human beings. Know more about Deloitte and our One Young World


partnership.

Inclusion for all


At Deloitte, people are valued and respected for who they are and are trusted to add value to their


clients, teams and communities in a way that reflects their own unique capabilities. Know more


about everyday steps that you can take to be more inclusive. At Deloitte, we believe in the unique


skills, attitude and potential each and every one of us brings to the table to make an impact that


matters.

Drive your career



Risk Advisory/ FIRR R & LS | Actuary



At Deloitte, you are encouraged to take ownership of your career. We recognise there is no one


size fits all career path, and global, cross-business mobility and up / re-skilling are all within the


range of possibilities to shape a unique and fulfilling career. Know more about Life at Deloitte.

Everyone's welcome... entrust your happiness to us

Our workspaces and initiatives are geared towards your 360-degree happiness. This includes


specific needs you may have in terms of accessibility, flexibility, safety and security, and


caregiving. Here's a glimpse of things that are in store for you.

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