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Job Position ID:  2284

SAP Functional Actuary Consultant

msg global solutions India Pvt Ltd.

Bangalore, IN

Employment Type:  Full Time


msg global is a consulting and system integration company focusing on the insurance business. We are looking for an Actuary consultant who has extensive experience/familiarity with vide variety of Actuarial functions and IFRS17 methodologies. The consultant will support the implementation of SAP FPSL/PaPM solutions in various projects to help our growing client base in readiness for IFRS17.
What you will do?

  • Analyze ‘As is Process’ and recommend ‘To be Process’ to meet a business objective
  • Strongly involved in topics such as transition, financial impact assessments, measurement of risk adjustment as well as the valuation of future cash flows and contractual service margin
  • Advisory with the determination of actuarial methodologies and the use of expert judgment
  • Involved in the performance and KPIs outlook of insurance companies 
  • Perform analysis of any new requirements/change requests to the solution from a functional standpoint.
  • Prepare functional specifications based on the new requirements.
  • Collaborate with multiple teams to define and understand the requirements and then explain the system solution.
  • Work with multi-functional/technical teams to prioritize the work and then drive system solutions by clearly articulating business needs and coordinate with teams to get development moving.
  • Prepare presentations for clients / internal management.
  • Flexible for both domestic and international short-term/long-term travel.

What experience you should have?

  • Education: You should have completed Bachelor's degree in Mathematics, Statistics, Actuarial Science, or related field from a reputed College/University
  • Experience: You should have 7-10 years of Actuarial experience
  • Strong familiarity with GAAP
  • Advanced familiarity with a wide variety of actuarial functions and IFRS 17 Methodologies


  • Thorough understanding of Software Development Life Cycle (SDLC), starting from Pre-sales, Requirements gathering, Analysis/Design, Development, and Testing.
  • Apply advanced actuarial techniques across all tasks
  • Ability to understand client requirements and recommend the best solutions.
  • Reconcile and analyze actuarial inputs and outputs
  • Ability to maintain and build client relationships
  • Effective communication and coordination skills between Client and globally located teams.

Will be considered an advantage?

  • Know how to deal with cash-flows and discounting
  • Knowledge in SAP FI module
  • Knowledge or experience in FPSL, PaPM solutions, and reporting.
  • Knowledge or experience in Prophet models to adapt reporting to allow for IFRS17

About msg global solutions

msg global solutions is a systems integrator, software development partner and managed services provider focused on SAP solutions for accounting, finance, regulatory reporting, performance management, customer experience and IoT. Operating from offices across the globe and growing, our expert teams help clients achieve operational efficiency and improve decision-making capabilities. While the heart of our expertise is in the financial services sector, our solutions are utilized in a wide range of industries.