Role Summary:
The Actuarial Modelling and Transformation team performs advanced modelling projects to maintain and develop actuarial models, ensuring robust and efficient models for actuarial reporting, pricing and bonus recommendation purposes. The team also performs actuarial transformation projects, helping the actuarial teams to be more efficient and effective.
Key Responsibilities:
- Assist in the maintenance of actuarial models, including the deterministic model and stochastic asset liability strategy (ALS) model.
- Perform model enhancements to integrate new product features, address issues raised by model users and improve model efficiency.
- Perform regular model validation projects to ensure model accuracy.
- Analyse and interpret model change financial result impacts.
- Maintain a good standard of model control through robust documentation of modelling methodology and known limitations.
- Assist in constructing technical responses to actuarial queries from external stakeholders, including regulators, auditors and Group.
Skills & Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Physics or related numerical field.
- 3+ years of experience in life insurance actuarial work or financial modelling.
- Familiarity with Prophet or other actuarial model software.
- Proficiency in Microsoft Word and Excel.
- Excellent analytical and problem-solving skills.
- A team player with good interpersonal skills.
