Actuarial Modeler

  • 33174
  • Life - Actuarial
  • |
  • England
  • |
  • Dec 7, 2017
Reinsurance
RESPONSIBILITIES
  • Assist in the development and maintenance of a consistent and robust set of modelling tools and processes across all Business Units in the Division.These tasks cover all aspects of our end-to-end process, including the drafting of technical specifications, planning and implementing model updates and testing and reviewing changes. In particular we are planning a major migration of our models to new modelling platforms which will require a substantial redesign and re-education process.
  • Taking responsibility for the regular Unit Testing of our entire modelling suite. This involves the development of appropriate tools as well as the process of capturing and communicating any changes in results arising from new or modified functionality.
  • Act as initial point of contact for all model-related issues and queries from users across the Division. This includes participating in Training for new and existing model users.
  • Assist in updating of Documentation suite, including User Guides, Technical Specifications and Release Notes.
  • Stay abreast of developments in insurance and reinsurance markets including actuarial issues, modelling platforms, product developments and new initiatives.
QUALIFICATIONS
  • Making good progress with the Actuarial examinations.
  • Must have coding experience in eg. C++ or Visual Basic.
  • Must have model development experience, preferably with knowledge of Life, CI, IP and Annuity/Longevity products.
  • Experience of using MoSes, RiskAgility FM or similar modelling platforms, including an understanding of its benefits and limitations.
  • Advanced understanding of Microsoft Excel and Word.
  • Excellent written and verbal communication skills as this role will work closely with Actuarial User Teams as well as non-Actuarial personnel.
  • Good analytical skills, solution oriented and deadline-focussed.
  • Knowledge of Solvency ll or other Economic Capital frameworks.
  • Working knowledge of other office applications, including FoxPro, SQL and Essbase.
  • Some experience of working in a Modelling, Pricing or Valuation role.
  • Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry.
  • Takes responsibility for the quality, completeness and accuracy of work.
  • Shows initiative, flexibility and resourcefulness.
  • Critically evaluates and challenges current work practices.
  • Able to deal with challenging deadlines and prioritizes effectively.
  • Provides accurate and timely updates on status of work and escalates issues appropriately.
  • Participates actively in meetings, has ‘meeting presence’.
  • Committed team member who shares information, knowledge, and experience openly.
  • Communicates in a clear and practical manner both verbally and in writing.
  • Has a good attendance and timekeeping record.