Validate policy calculations on the policy administration system and product illustration systems to ensure accuracy and consistency.
Test and modify Excel-based policy cashflow calculation tools and generate policy illustrations such as Benefit Illustration, Annual Statement, and Policy Values.
Support updates to illustration software, including testing user interfaces and generating relevant reports for accuracy and usability.
Coordinate with multiple stakeholders, including internal teams and external parties, to address and resolve any product or operational issues.
Prepare key metric reports such as death claims and SLA performance metrics on a daily and weekly basis for senior management.
Manage the illustration workflow effectively through JIRA, ensuring that tasks are assigned to team members in a timely manner and deadlines are met.
Monitor the progress of illustration requests and report on the status of these requests in accordance with internal SLAs.
Support weekly annuity pricing monitoring work based on updated pricing inputs, such as asset spreads, crediting rates, liability discount curves, and SOFR rates, whenever required.
Execute various macros to update the pricing inputs and prepare updated input file for MG-ALFA model.
Run MG-ALFA models for updated results using revised pricing inputs and prepare a summary comparison from the previous week's results for stakeholders to determine if annuity rates need to be revised.
Requirements
3-10 years’ of actuarial experience in life insurance.
Minimum of 1-2 actuarial exams completed, with CM1 preferred but not mandatory.
Good knowledge of Excel is required, with VBA macros knowledge preferred.
Excellent written and verbal communication skills, with the ability to communicate effectively with multiple stakeholders.
Basic knowledge of annuity and life products is preferred.
Excellent business skills leading to understanding of client’s requirements