Actuary, Model Review and Analysis-7881
Client looking ideally for an FSA with 10+ years of life insurance & actuarial modeling experience to support the VP & Corporate Actuary in the timely execution of corporate actuarial deliverables. These deliverables encompass model development, model review & analysis, model governance, and special projects as determined by the SVP & Chief Actuary and the VP & Corporate Actuary. Will liaise with model development, valuation, finance, investment modeling, and financial planning team members to review and analyze models built using MG-ALFA, GGY Axis, Excel, or other software to ensure they are fit for the intended purpose and built according to the model specifications. The model review methods should have diligence commensurate with the materiality and risks associated with the model purpose and may require a parallel build on an alternative platform. Review production metrics as needed for accuracy and to ensure appropriate controls and validation has been performed. Ensure required model reviews are performed and documented in a timely manner to satisfy all reporting and analysis obligations and to ensure sufficient time for model validation and user acceptance testing. Perform appropriate sensitivities on models as requested. Help to automate procedures and processes outside of the actuarial modeling software (MG-Alfa & GGY Axis) to enhance accuracy and efficiency. Build and maintain custom testing models as needed to analyze movements in key metrics, or to serve as interim models until more robust models are developed by model development team in MG-ALFA or GGY Axis. Build/Review models for the projection of new reinsurance structures with parent or external companies, and prepare comprehensive documentation as required in support of analysis. Document and communicate clearly the results of review and analysis highlighting all potential issues to stakeholders, manager and the Chief Actuary. Perform attribution analysis and investigation of drivers of earnings and profitability under Statutory, GAAP, Tax, IFRS, EC, SII, and EV reporting, and other analysis as appropriate. Candidate must have strong actuarial analytical skills and problem solving ability along with actuarial projection software skills in MG-ALFA, GGY Axis, and VBA.