
Model Development Specialist
1 week ago
Primary Developer for Moody's AXIS model which is set up for a Variable Annuity product in the US.
Key Responsibilities
Lead and deliver various quarterly model changes such as 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.
Requirements
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
Skill Requirements:
- 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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