Key Responsibilities MG-ALFA Model Development & Maintenance • 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. Asset & Liability Cash Flow Modeling • 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 (ALM) studies and business planning exercises. • Evaluate impact of interest rate movements, policyholder behaviour, and investment strategies on profitability and capital. Regulatory & Financial Reporting Support • Support valuation and projection activities for STAT, GAAP, LDTI, and economic balance sheet applications. • Assist in Asset Adequacy Testing (AAT), Cash Flow Testing (CFT), and reserve adequacy assessments. • Analyze results and explain movements in reserves, earnings, and capital metrics. Model Validation & Governance • 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 regulatory and actuarial standards compliance. Stakeholder Collaboration • Work closely 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. Experience working with: • Bermuda Regulation (Preferred) • STAT • GAAP / LDTI Strong understanding of: • Mortality, lapse, expense, and investment assumptions • Asset reinvestment strategies • Interest rate and economic scenario modeling • Life insurance and annuity products Candidate Profile • 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 • Model Validation and Governance