Assistant Manager, Actuarial Modelling and Transformation

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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.

Job Descriptions:

Model enhancement projects:

Participate in the actuarial discussion and assessment of the project scope and expectation to identify financial drivers and practical solutions

Construct the technical specification and model design with a balance of technical robustness and operational efficiency

Carry out the model enhancement and robust change management

Analyse and interpret the financial results and findings

Present the end-to-end project conclusions and recommendations for senior management approval

Prepare documentation on the model change including modelling methodology and expert judgements made

Projects may include modelling of actual management practices, model integration, model efficiency improvement and address the issues raised by model users

Model maintenance:

Assist in the maintenance of advanced actuarial models, including the deterministic model, stochastic model, dynamic model and ALS model

Perform model enhancements to integrate new product features and improve model efficiency

Perform regular model validation projects to ensure model accuracy

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

Transformation projects:

Provide technical and project management support on special actuarial projects

Drive the use of new techniques in different actuarial tasks

Job Requirements:

University graduate, with good progress in actuarial examinations

At least 3 years of relevant experience

Knowledge and experience in the life insurance industry, preferably with UK with-profits management, economic capital and financial reporting experience

Experience in Prophet or other equivalent actuarial model coding and maintenance

Good command of both spoken and written English

Excellent analytical and problem-solving skills

A team player with good interpersonal skills

Proficiency in Microsoft Word and Excel