Analyst Actuarial Modeling

Posted Yesterday
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Bangalore, Bengaluru Urban, Karnataka, IND
In-Office
Junior
Fintech • Payments • Financial Services
The Role
Builds, maintains, and runs complex actuarial valuation models (MG-ALFA or GGY AXIS). Prepares model results, financial and regulatory analyses, documents internal controls, ensures compliance with actuarial standards, and supports process improvements while collaborating across teams.
Summary Generated by Built In

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Job Description

The Actuarial Analyst will work with MG-ALFA or GGY AXIS systems actuarial valuation models to generate financial results and analysis. The Analyst will bring actuarial valuation systems understanding in MG-ALFA or GGY AXIS modeling applications. The successful candidate will be a highly motivated, organized, and have demonstrated understanding with applicable systems and data.

Primary Responsibilities:

  • Builds, maintains, and runs complex actuarial models.

  • Ensures compliance with department policies, actuarial standards, and applicable regulations.

  • Executes and documents support for key management internal controls.

  • Prepares MG-ALFA or GGY-Axis result reports and financial analyses in support of financial and regulatory reporting.

Educational Qualification:

  • Bachelor's degree in actuarial science, math/statistics or equivalent is required.

  • 4 to 8 actuarial exams from IFoA/SOA/IAI or any other equivalent society

Required skills and competencies:

  • Has conceptual knowledge of actuarial systems and transferring skills to processes.

  • Working knowledge of internal controls and model documentation 

  • Proficiency in MS Office including Excel, Access, and VBA.

  • Strong communication skills.

  • Ability to produce complex results and provide initial analyses.

  • Identifies and participates in implementing improvements. 

  • Demonstrates strong work ethic and personal accountability

  • Builds collaborative and cooperative relationships.

  • Adjusts to changing events and priorities; displays a positive approach; focuses energy on determining possibilities.

  • Makes decisions within guidelines, controls, and policies that impact priorities and allocation of time to meet deadlines.

  • Manages costs (time) related to work. 

Required Experience:

  • 1-3 years of Actuarial experience in Life core/consulting or U.S. retirements

  • Experience of working on risk/financial/actuarial Modeling using excel/VBA/R etc.

  • Work shift timing is 1:30 PM TO 10 :30 PM

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age, race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law. 

Skills Required

  • Bachelor's degree in actuarial science, math, statistics, or equivalent
  • 4 to 8 actuarial exams from IFoA/SOA/IAI or equivalent society
  • 1-3 years of actuarial experience in life core/consulting or U.S. retirements
  • Experience working on risk/financial/actuarial modeling using Excel, VBA, R, etc.
  • Experience with MG-ALFA or GGY AXIS actuarial valuation systems
  • Proficiency in MS Office including Excel, Access, and VBA
  • Working knowledge of internal controls and model documentation
  • Strong communication skills
  • Ability to produce complex results and provide initial analyses
  • Willingness to adjust to changing priorities and participate in process improvements
  • Work shift timing 1:30 PM to 10:30 PM

Empower (empower) Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Empower (empower) and has not been reviewed or approved by Empower (empower).

  • Retirement Support A 401(k) match up to 6% plus potential discretionary contributions and no‑cost financial planning signal strong retirement support. This focus on retirement consistently elevates the value of the total rewards package.
  • Healthcare Strength Comprehensive medical, dental, and vision coverage with mental‑health resources, wellness incentives, and HSA contributions indicates a robust health offering. Multiple plan options and supportive services (such as virtual care and second opinions) expand access and utility.
  • Leave & Time Off Breadth PTO programs (including Responsible Time for exempt roles), paid holidays, floating days, and paid volunteer hours offer strong time‑off coverage. These features contribute materially to overall compensation value.

Empower (empower) Insights

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The Company
HQ: Greenwood Village, CO
11,963 Employees

What We Do

Built on a foundation of trust, integrity and promise, we proudly serve over 71,000 outstanding organizations and more than 17 million individuals. ¹ We take great pride in helping people with saving, investing and advice, while providing them with the tools and resources they need to help reach their financial goals. We’re continuing to grow — and innovate — every day. Our mission is to empower financial freedom for all. That mission starts by delivering advice, personalized guidance and critical support. We strive to meet the unique needs of everyone we serve and embrace the opportunity to inspire them along their journey. Disclosures: https://www.empower.com/social-media

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