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
- 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.
- 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
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
- Interest rate and economic scenario modeling