Senior MG-ALFA Actuarial Modeler (ALM & CFT)

EXL; Jersey City (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

EXL in Jersey City, NJ is seeking an experienced Actuarial Modeler focused on MG-ALFA to develop and maintain advanced actuarial models for Life Insurance and Annuities. You will configure inputs, update assumptions, and drive platform enhancements while supporting regulatory reporting requirements.

The role involves performing deterministic and stochastic cash flow projections, evaluating interest rate and behavior impacts, and collaborating with valuation, finance, investments, and risk teams

Qualifications

• 8-10 years of actuarial modeling experience within Life Insurance and Annuities.
• Strong expertise in MG-ALFA (mandatory).
• Hands-on experience with Asset Liability Modeling (ALM).
• Cash Flow Testing (CFT) and Asset Adequacy Testing (AAT).
• Valuation and Projection Modeling; Scenario and Sensitivity Testing.
• Model Validation and Governance; regulatory and audit support.

Responsibilities

• Develop, maintain, and enhance actuarial models in MG-ALFA.
• Configure and update model inputs, assumptions, product specs, and logic.
• Perform model conversions, modernization, and platform enhancements.
• Support new product implementations and regulatory requirements within models.
• Model cash flows for life and annuity products under various scenarios.
• Support ALM studies, business planning, and sensitivity analyses.
• Assist valuation and projection activities for STAT, GAAP, LDTI; AAT and CFT.
• Conduct model testing, validation, reconciliation, and benchmarking.
• Collaborate with valuation, modeling, finance, investments, and risk teams; present findings to senior stakeholders.

Skills

MG-ALFA proficiency

Actuarial modeling

Stakeholder communication

Regulatory understanding

Problem solving

Tools

MG-ALFA

Excel

Job description

EXL in Jersey City, NJ is seeking an experienced Actuarial Modeler focused on MG-ALFA to develop and maintain advanced actuarial models for Life Insurance and Annuities. You will configure inputs, update assumptions, and drive platform enhancements while supporting regulatory reporting requirements.

The role involves performing deterministic and stochastic cash flow projections, evaluating interest rate and behavior impacts, and collaborating with valuation, finance, investments, and risk teams