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Principal Actuary

Knowtions Research

Knowtions Research

Accounting & Finance
Singapore · Japan · Singapore · Hong Kong · Taiwan · Japan · Asia · Korea · Remote
Posted on Nov 15, 2024
Location: Asia-based. The direct manager is located in Toronto (EST) time zone. The role requires flexibility to align with EST work hours for coordination and meetings and may involve occasional travel within Asia.
Reports to: Chief Technology Officer
Lydia AI is an applied artificial intelligence company on a mission to protect the health and prosperity of the next billion people. The Company offers a digital risk scoring engine that enables businesses to enhance their customers’ financial portfolios through personalized, embedded financial products. The Company uses digital alternative data to make accurate dynamic risk predictions that are used to personalize and automate underwriting.
Join us to help insure the next billion people!
We are seeking a highly skilled and experienced Principal Actuary to join our team. In this role, you will be a key leader in driving actuarial innovation, developing advanced frameworks for model validation, and contributing to strategic decision-making processes. You will work closely with cross-functional teams, including data science, product development, business strategy, and sales, to shape the future of our AI-driven solutions.
Responsibilities include but are not limited to:
Actuarial Leadership: Lead the development and implementation of advanced actuarial models and methodologies to support our innovative insurance solutions. Provide guidance on model validation and collaborate with multidisciplinary teams to ensure alignment with business requirements.
Cross-Functional Coordination: Collaborate with data scientists and machine learning experts to translate business initiatives into actionable tasks, review and analyze model outputs, and ensure effective communication of deliverables. Support business development teams in Asia and other international markets.
Client Engagement: Represent Lydia AI in client meetings, particularly in discussions related to model validation and technical details. Design and lead workshops with insurers, working closely with stakeholders to identify needs and tailor solutions. Ability to lead discussions, manage expectations, and drive project success in a consultative capacity is essential.
Data Analysis: Review and analyze data from both internal models and client sources to support model validation and business development. Present data outputs clearly and insightfully to clients.
Strategic Planning: Contribute to Lydia AI’s overall strategy, particularly in model validation and market expansion. Participate in ad hoc discussions on the strategic direction of the company.
People Management: Manage and mentor fellow and junior actuaries and analysts, conducting performance reviews and providing guidance on career development.
● Complete other duties as assigned
Experience:
● Fellowship in the Society of Actuaries (FSA) or equivalent mutual recognition preferred.
● Minimum of 5 years of actuarial experience in Life & Health, with client-facing experience.
● Experience with machine learning technologies is desirable but not essential.
● Experience in international market support, particularly in Asia, is a plus.
Skills:
● Strong expertise in actuarial modeling, risk assessment, and data analysis.
● Proficiency in Excel or programming languages such as R or Python.
● Ability to communicate complex concepts to both technical and non-technical stakeholders.
● Strong PowerPoint presentation skills.
● Business proficiency in Mandarin is a plus.
Personal Competencies:
● Proven ability to drive innovation and develop new solutions or products.
● Excellent client-facing communication and cross-functional coordination.
● Effective leadership and mentoring skills.
● Comfortable working across time zones.
At Lydia AI, diversity is mission-critical. Our strength lies within our differences and in a diverse workforce that unleashes new ideas and perspectives. We celebrate diversity, equity, and inclusion in our workforce and foster a culture where all team members feel valued, respected, and supported.