MG ALFA Modeller

EXL • Jersey City, NJ

1d

About The Position

The MG ALFA Modeller develops, maintains, and enhances actuarial models in MG-ALFA for Life and Annuity products. The role configures model inputs, assumptions, product specifications, and calculation logic; performs model conversions and modernization; and supports platform enhancements, new product implementation, and regulatory requirements.

The modeller performs deterministic and stochastic asset and liability cash flow projections under varied economic and business scenarios. The role supports Asset Liability Management studies and business planning, and evaluates the effects of interest rate movements, policyholder behavior, and investment strategies on profitability and capital.

The role 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. It includes analyzing results and explaining movements in reserves, earnings, and capital metrics.

The modeller also tests, validates, reconciles, and benchmarks models; investigates model setup, assumption, and projection issues; participates in model governance, documentation, peer review, and audit support; and ensures compliance with regulatory and actuarial standards. The position collaborates 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 expertise in MG-ALFA (mandatory).
• Hands-on experience with Asset Liability Modeling (ALM), Cash Flow Testing (CFT), Asset Adequacy Testing (AAT), valuation and projection modeling, scenario and sensitivity testing, and model validation and governance.
• Strong understanding of mortality, lapse, expense, and investment assumptions; asset reinvestment strategies; interest rate and economic scenario modeling; and Life insurance and annuity products.
• Experience working with STAT and GAAP / LDTI.

Nice To Haves

• Experience with Bermuda Regulation (preferred).

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.
• Collaborate 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed