
Actuarial Leadership Role
23 hours ago
We are seeking a highly skilled Group Manager to lead our team in delivering various quarterly model changes for our major Variable Annuity product sold in the US. This is an exciting opportunity to leverage your technical expertise and drive process improvements.
Job DescriptionThe ideal candidate will have excellent technical knowledge of US STAT/GAAP regulations, expertise in Actuarial modeling - Moody's AXIS, and strong analytical ability to drive various process and analytical improvement initiatives within the team.
- Lead and deliver various quarterly model changes like Assumption Updates, New business setup, improving model efficiency.
- Perform independent testing and impact quantification and justification.
- Detailed documentation and communication regarding model changes with wider teams.
- Review work done by junior members, ensuring quality of work product during time-sensitive deadlines.
- Maintain strong stakeholder/client relationships.
- Primary touchpoint for Testing, Valuation and Risk Management teams for support on business and model-related queries.
- Bachelor's degree in actuarial science/Math/Stats/Engineering/Computer or equivalent quantitative discipline.
- Total 8-10 years of experience in US life insurance with minimum 4-6 years of life/Annuity actuarial modeling in Moody's AXIS.
- 8-10 actuarial papers - ideal requirement.
- Good knowledge of US Life insurance and specifically Variable Annuity products (Fixed Indexed Annuity, Guaranteed Minimum Income/Death/Withdrawal benefits, Indexed Linked Annuities, Group Annuities, Payouts).
- Excellent technical knowledge of US STAT/GAAP regulations (PBR, NY DFS Reg 213, LDTI DAC).
- Expertise in Actuarial modeling - Moody's AXIS (such as handling scenarios, Formula tables, application of overrides, awareness of significant switches in reserving assumption sets).
- Understanding of calculation of AXIS cashflows and reserves on a first principle basis.
- Excellent coding and troubleshooting skills in GGY AXIS modelling software.
- Knowledge of Hedging, Asset Liability modelling and derivatives in Moody's AXIS is an added skillset.
- Good working knowledge of the relevant actuarial concepts and methodologies.
- Strong analytical ability and ability to drive various process and analytical improvement initiatives within the team.
- Excellent communication, execution and people management skills.
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