Actuarial Specialist

  • 36853
  • Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Feb 19, 2020
insurance
RESPONSIBILITIES
  • Develop and maintain GGY AXIS & MG-ALFA models primarily for Term, UL, & PRT business for a variety of purposes, including Valuation, Value of New Business, Cash Flow Testing, Corporate Planning, Solvency II, and Financial Reinsurance, as we migrate our actuarial platform from MG-ALFA to GGY-AXIS.
  • Serve as model code peer reviewer and test the models to ensure that they are appropriately built and fit for the purposes of all the modeling requirements as work demands may require across corporate actuarial.
  • Involved in model development in both GGY-AXIS & MG-ALFA as we transition to the new platform. Assist in validating AXIS models against existing ALFA models during the transition period.
  • Liaise with model governance, valuation, finance, asset modeling, and financial planning team members to ensure models built using MG-ALFA, GGY Axis, Excel, SQL, or other software are fit for the intended purpose and built according to the model specifications.
  • Providing modeling support to internal customers as needed. Possible examples include reinsurance deal pricing, impact analysis for reinsurance treaty negotiation, etc.
  • Ensure model control is maintained around production models, to prevent unauthorized changes and ensure integrity of model results. Maintain detailed documentation of all changes made to models, including impacts under key reporting bases and evidence of management approval.
  • Identify and implement process improvements, including automation of manual tasks where possible, to increase efficiency and transparency while minimizing the risk of errors.
  • Other duties as required.
QUALIFICATIONS
  • - BS/BA Math/Statistics.
  • - 2/+ Exams working towards ASA.
  • - 2+ years of life insurance/actuarial experience preferred.
  • - Model development or modeling experience required.
  • - Term & Universal Life experience a plus.
  • - Pension Risk Transfer experience is a plus.
  • - Actuarial software skills GGY-AXIS and/or MG-ALFA experience a plus.
  • - Spreadsheet and database capabilities.
  • - Strong actuarial analytical skills and problem solving ability.
  • - Proficient written and oral communication skills.
  • - Ability to multi-task in a deadline-oriented environment.