Role Overview
We are seeking an experienced Life Actuarial Modeling professional with deep expertise in CAPITAL MODELING.
The candidate will play a key role in developing, enhancing, validating, and maintaining actuarial models used for
liability valuation, business planning, capital assessment, and asset adequacy testing.
Key Responsibilities
Model Development & Maintenance
Develop, maintain, and enhance Capital Model .
Configure and update model inputs, assumptions, product specifications, and calculation logic.
Perform model conversions, model modernization, and platform enhancements.
Support implementation of new products and regulatory requirements within actuarial models.
Regulatory & Financial Reporting Support
Support valuation and projection activities for STAT, GAAP, LDTI, and economic balance sheet
applications.
Assist in Asset Adequacy Testing (AAT), Cash Flow Testing (CFT), and reserve adequacy assessments.
Analyze results and explain movements in reserves, earnings, and capital metrics.
Model Validation & Governance
Perform model testing, validation, reconciliation, and benchmarking.
Investigate and resolve model setup, assumption, and projection issues.
Participate in model governance, documentation, peer review, and audit support.
Ensure regulatory and actuarial standards compliance.
Stakeholder Collaboration
Work closely with valuation, modeling, finance, investments, and risk management teams.
Present modeling results, business insights, and recommendations to senior stakeholders. Support offshore-onshore delivery and client interactions.
Candidate Profile
8-10 years of actuarial modeling experience within Life Insurance and
Annuities
Strong expertise in either MG-ALFA/Prophet/GGY Axis
Hands-on experience with:
Capital Modeling
Asset Liability Modeling (ALM)
Cash Flow Testing (CFT)
Asset Adequacy Testing (AAT)
Valuation and Projection Modeling
Scenario and Sensitivity Testing
Model Validation and Governance
Experience working with:
Bermuda Regulation (Preferred)
STAT
GAAP / LDTI
Strong understanding of:
Mortality, lapse, expense, and investment assumptions
Asset reinvestment strategies
Interest rate and economic scenario modeling
Life insurance and annuity products
