MG ALFA Modeller

EXL•Jersey City, NJ

About The Position

The MG-ALFA Modeller develops, maintains, and enhances actuarial models in MG-ALFA, including configuring model inputs, assumptions, product specifications, and calculation logic. The role supports model conversions, modernization, platform enhancements, and implementation of new products and regulatory requirements. The position performs deterministic and stochastic cash flow projections for life and annuity products, modeling asset and liability cash flows across economic and business scenarios. It supports Asset Liability Management studies and business planning, and evaluates how interest rate movements, policyholder behavior, and investment strategies affect profitability and capital. The modeller supports valuation and projection activities for STAT, GAAP, LDTI, and economic balance sheet applications, as well as Asset Adequacy Testing, Cash Flow Testing, and reserve adequacy assessments. The role analyzes results and explains changes in reserves, earnings, and capital metrics. The position also performs model testing, validation, reconciliation, and benchmarking; investigates model setup, assumption, and projection issues; and participates in model governance, documentation, peer review, and audit support. It works with valuation, modeling, finance, investments, and risk management teams, presents results and recommendations to senior stakeholders, and supports offshore-onshore delivery and client interactions.

Requirements

8–10 years of actuarial modeling experience within life insurance and annuities.
Strong MG-ALFA expertise; mandatory.
Hands-on experience with Asset Liability Modeling (ALM).
Hands-on experience with Cash Flow Testing (CFT).
Hands-on experience with Asset Adequacy Testing (AAT).
Hands-on experience with valuation and projection modeling.
Hands-on experience with scenario and sensitivity testing.
Hands-on experience with model validation and governance.
Strong understanding of mortality, lapse, expense, and investment assumptions.
Strong understanding of asset reinvestment strategies.
Strong understanding of interest rate and economic scenario modeling.
Strong understanding of life insurance and annuity products.
Experience working with STAT and GAAP/LDTI.

Nice To Haves

Experience with Bermuda Regulation.

Responsibilities

Develop, maintain, and enhance actuarial models in MG-ALFA.
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.
Perform deterministic and stochastic cash flow projections for life and annuity products.
Model asset and liability cash flows under various economic and business scenarios.
Support Asset Liability Management studies and business planning exercises.
Evaluate the impact of interest rate movements, policyholder behavior, and investment strategies on profitability and capital.
Support valuation and projection activities for STAT, GAAP, LDTI, and economic balance sheet applications.
Assist with Asset Adequacy Testing, Cash Flow Testing, 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 compliance with regulatory and actuarial standards.
Work 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.