• SunGard
  • $127,380.00 -127,380.00/year*
  • Brookfield , CT
  • Financial Services - Insurance
  • Full-Time
  • 18 Silvermine Rd


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Are you curious, motivated, and forward-thinking? At FIS you ll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.

About the team

Prophet has long been a market leader in actuarial modelling solutions, particularly in the life and health markets, boasting more than 10,000 users across nearly 1,000 sites in over 70 countries.

It offers environments for the development and production of actuarial modelling and provides a complete solution with integrated business process management and risk analytics.

What you will be doing

  • This role offers a fantastic opportunity to join our team of Professional services experts and learn about and deliver high quality Actuarial services to our Global customer base on Prophet related projects. Prophet is a leading enterprise-wide actuarial modelling system that helps insurance and financial services companies meet reporting responsibilities, improve risk management, and develop more profitable products faster. It is used by over 9,000 users, across more than 730 customer sites, in more than 65 countries, and this role provides a unique opportunity to become one of the experts in the field and gain exposure to modelling techniques used to help to model firm's financial business.
  • The Actuarial Manager will be based in the USA and reporting directly to a Senior Manager / Principal in the Actuarial Professional Services team. As a Manager, you will be involved in all the following aspects of the role, with the proportion of time spent on each dependent upon the nature of projects and the mix of people in the project team. On occasions you will be expected to be the lead consultant on given US client projects, and the travel requirement on average would be around 25-30%.
  • Responsibilities

    The main role will be to support the Americas region Actuarial Professional Services team in all the following aspects of the role:

  • Lead/Assist in the implementation of the actuarial code provided with liability libraries and the Asset Liability Strategy (ALS) Library.
  • Perform model reviews and deliver optimization reports based on customer models
  • Design, structure and develop code during customer projects as required.
  • Provide customer training to customers with a focus on the more advanced training courses (e.g. Advanced Coding in Prophet , Introduction to Prophet ALS)
  • Assist in the presales support of Prophet where required
  • Local onsite customer assistance where required
  • Prototyping US regulatory / IFRS models in Prophet
  • What you bring:

    Essential Skills

  • The ideal candidate would possess a strong interest in modelling using actuarial systems, but they should also possess strong knowledge of Microsoft Excel, Word and PowerPoint.
  • Substantial experience (7 years +) working in a life assurance department or consultancy
  • Strong knowledge of the Prophet system or demonstrable equivalent experience, and involvement in key business projects using Prophet. Good working knowledge of the various Prophet components, having created products in at least one of Prophet s actuarial liability libraries and significantly amended products in others.
  • Experience with Prophet ALS library. You will also have implemented at least six from the following areas of Prophet :
  • (1) new business processing, (2) calculation looping, (3) rebasing, (4) goal seeking, (5) data grouping, (6) dynamic model point method, (7) in-memory dynamic processing, (8) extended formulas and (9) stochastic modelling

  • Familiar with the Data Conversion System (DCS) and Prophet Excel Reporting. It would also be beneficial to have an awareness of potential performance bottlenecks and solutions when using Prophet
  • The successful candidate will have a background in life assurance or financial services, and a general knowledge of the financial services industry s regulatory and reporting frameworks, including an awareness of at least three of the following:USA Regulatory Reporting and PBRLatest developments for LDTIMarket Consistent Embedded Values (MCEV)International Financial Reporting Standards (IFRS17)Experience in, and knowledge of, the business implications and impact on Prophet modelling of the following:Profit TestingProduct Design & Pricing
  • And at least two of the following:

  • Valuation methods, including embedded values and realistic valuations
  • Asset / Liability Modelling
  • Stochastic Modelling
  • Financial Economics and Derivatives
  • Analysis of Change / Roll Forward
  • Strong verbal and written English language skills, and presentation skills for a client facing role are essential.
  • Added bonus if you have:

    The candidate should ideally be qualified with the Institute & Faculty of Actuaries or Society of Actuaries exams (or equivalent) but this is not essential. Candidates who have given up on exams but meet the knowledge and experience requirements of the role will also be considered, providing they have the core actuarial exam subjects and at least some of the specialist subjects.

    What we offer you

  • A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
  • A broad range of professional education and personal development possibilities FIS is your final career step!
  • A competitive salary and benefits
  • A variety of career development tools, resources and opportunities
  • With a 50-year history rooted in the financial services industry, FIS is the world's largest global provider dedicated to financial technology solutions. We champion clients from banking to capital markets, retail to corporate and everything touched by financial services. Headquartered in Jacksonville, Florida, our 53,000 worldwide employees help serve more than 20,000 clients in over 130 countries. Our technology powers billions of transactions annually that move over $9 trillion around the globe. FIS is a Fortune 500 company and is a member of Standard & Poor s 500 Index.


    Associated topics: actuarial, actuarial assistant, actuary, actuary consultant, assistant actuary, associate actuary, investment actuary, retirement actuary, risk, statistics

    * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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