Assistant Actuary, Model Development-7732
Insurance company in the Mid Atlantic US region has a need for an Assistant Actuary for the Model Development department. The responsibilities of the role will include: implementing and maintaining GGY AXIS asset models for the company’s asset portfolios and various asset/liability modeling applications, including those used in Corporate Planning, Embedded Value, Economic Capital and Cash Flow Testing. In addition, the incumbent will assist in the documentation and control of all the model development activities. The essential responsibilities of the position will include: building an asset model in GGY AXIS, refining the existing asset module datalink, modelling structured assets in Moody's Analytics software separately and incorporating the results into AXIS, implementing reinvestment strategies and reinvestment assets, working with the EC/Solvency II team to build a process in AXIS, testing and updating the models, running models or assisting in modeling for all the production work requirements, ensuring model control is compliant with the latest corporate model control and governance standard, preventing unauthorized changes and ensuring integrity of model results, maintain detailed documentation of all changes made to models and identifying and implementing process improvements. Candidates should have solid life insurance/actuarial experience. Asset Modeling, Model development, Asset Liability Modeling experience are preferred for the role. Actuarial software skills - GGY AXIS experience is a key requirement (datalink coding experience highly desired), BondEdge and/or MG-ALFA a plus.