• 36855
  • Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Feb 19, 2020
  • Support the Head of IFRS 17 Development in the timely execution of corporate actuarial deliverables to support IFRS 17. These deliverables encompass, managing outside resources, Axis model development, model review & analysis, model governance and control, and other work efforts as determined by leadership to support Group’s approach to IFRS requirements.
  • Liaise with model development, valuation, finance, investment modeling, financial planning, controller, & IT to ensure models built using GGY Axis, Excel, SAS or other software components are fit for the intended purpose and built according to the agreed model specifications. The model review methods should have diligence commensurate with the materiality and risks associated with the model purpose and may require a parallel build on an alternative platform.
  • Review production metrics as needed for accuracy and to ensure appropriate controls and validation has been performed. Be able to understand the movements in these metrics, and be able to relate movements back to underlying models.
  • Ensure required model reviews are performed and documented in a timely manner to satisfy all reporting and analysis obligations and to ensure sufficient time for model validation, user acceptance testing, model governance requirements, and all policies and procedures.
  • Perform appropriate sensitivities on models as requested.
  • Help to automate procedures and processes outside of the actuarial modeling software to enhance accuracy and efficiency.
  • May build and maintain custom testing models as needed to analyze movements in key metrics, and to provide expected results for testing and validation purposes.
  • May build/review models for the projection of new and existing reinsurance structures with parent or external companies, and prepare comprehensive documentation as required in support of analysis.
  • Document and communicate clearly the results of review and analysis highlighting all potential issues to stakeholders, manager and the Chief Actuary.
  • Perform attribution analysis and investigation of drivers of IFRS 17 earnings and profitability and create comparisons to Statutory, GAAP, Tax, EC, SII, and EV reporting, and other analysis as appropriate.
  • Other duties as required.
  • BS/BA Math/Statistics.
  • Fellow of the Society of Actuaries.
  • 10+ years of life insurance & actuarial modeling experience.
  • Strong actuarial analytical skills and problem solving ability.
  • Ability to multi-task in a deadline-oriented environment.
  • Proficient verbal and written communications.
  • Actuarial projection software skills in, GGY Axis, MG-ALFA and VBA desirable.
  • Database/Spreadsheet capabilities.
  • Experience with:
  • Capital Markets Transactions & Financial Reinsurance preferred.
  • Life Insurance Valuation.
  • Economic Capital / Solvency II preferred.
  • Asset Adequacy Analysis & Cash Flow Testing helpful.