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    Principal Global Services logo

    Senior Actuarial Analyst - Defined Benefits

    Principal Global Services · Pune · onsite · Posted 65d ago

    Not disclosed3–5 yrsfulltimeSourced fromFoundit

    About a minute. You'll make an account on the way through.

    About this role

    Responsibilities

    Role Purpose: To own complex calculation components, review analyst work, resolve advanced technical issues, and strengthen the reliability of DB automation deliverables through deeper actuarial judgment and process discipline.

    Job Summary: The Senior Actuarial Analyst owns complex calculation assignments and provides technical review support for analyst deliverables. The role requires strong DB pension interpretation skills, deeper testing judgment, defect analysis capability, and the ability to guide less experienced team members while improving the quality and reliability of automation outputs.

    Job Description: The Senior Actuarial Analyst manages moderately complex to complex calculation assignments and acts as a key technical reviewer for analyst work. The role requires deeper interpretation of plan provisions, stronger judgment in identifying edge cases, and the ability to assess whether calculation logic, testing coverage, and documentation are complete and reliable. In addition to hands-on delivery, the Senior Actuarial Analyst supports defect investigation, root cause analysis, technical guidance, and knowledge transfer to less experienced team members. The role contributes to improved first-pass quality, reduced rework, and stronger review readiness by applying actuarial judgment, structured problem solving, and consistent quality discipline across assigned workstreams.

    • Own complex calculation workstreams involving multiple benefit events, conditional plan rules, and non-standard scenarios through completion with limited escalation.
    • Review analyst-prepared calculation logic, testing packs, and documentation to improve first-pass quality and reduce rework before final review.
    • Investigate recurring or high-impact defects and recommend durable fixes that reduce repeat issues across similar plans or calculation scenarios.
    • Translate reviewer comments and stakeholder clarifications into actionable technical guidance that enables analysts to close items without repeated clarification.
    • Identify gaps in test coverage and recommend additional scenarios to improve defect detection before release.

    Qualifications

    • Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
    • 3 to 5 years of relevant experience in DB pensions, actuarial calculations, calculation systems, automation testing, or pension risk transfer work.
    • Strong ability to interpret complex plan provisions, identify edge cases, and assess calculation accuracy across multiple benefit scenarios.
    • Intermediate to advanced Excel skills; exposure to VBA, SQL, Python, or calculation automation tools is preferred.
    • Demonstrated ability to review work, coach analysts, communicate technical findings, and manage multiple complex assignments.
    • Strong mentoring mindset, sound judgment, resilience under delivery pressure, and ability to communicate complex findings with clarity and confidence.

    Additional Information

    Shift Time :1:30 to 10:30 pm

    Minimum 2 papers to be cleared on Actuarial

    LinkedIn Remote Hashtag

    Sourced from foundit

    Skills

    Defect AnalysisVBAPythonSQLexcelcalculation automation toolscalculation logic testingDB pension interpretation

    About Principal Global Services

    Principal Global Services logo

    Principal Global Services

    Insurance

    3.1k+

    employees

    1987

    39 years old

    Des Moines

    United States (USA)

    About

    Principal connects all kinds of experts—the savvy business leader, the hardworking employee, the thoughtful investor—with the retirement, benefits, and investment insights.

    Industries

    InsuranceBanking / Insurance / AccountingFinancial Services

    Employee ratings

    817 reviews

    3.6/ 5

    Culture

    3.5

    Career growth

    3.0

    Work-life

    3.8

    Employees rate it well for

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