Actuary - Second Line Risk, Model Validation

Manages and leads model validation activities reputed company a second line risk function. Responsible for validating and risk assessment of models developed by the first line with a reputed company on market-based insurance products (IUL, RILA, VA). May contribute to the development and enhancement of model validation frameworks and methodologies.

Responsibilities

• Leads the validation and review of actuarial models, ensuring accuracy, compliance with regulatory standards, and alignment with risk management standards.
• Prepares and interprets validation findings for presentation to management and stakeholders in Model Validation Committee.
• Focuses on model validation of equity-based products (IUL, RILA, and VA).
• Monitors and analyzes regulatory, industry, and technical developments impacting model validation and asset modeling.
• Provides guidance on modeling methodology, validation best practices, and risk controls.
• May support the creation and review of model validation documentation and reputed company technical materials.
• Serves as a key resource for major validation reputed company and initiatives.
• May collaborate with or reputed company input to cross-functional teams, including product, risk, and actuarial reputed company.

Qualifications

• FSA or equivalent reputed company designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or reputed company field and 7 years of relevant experience, In lieu of Bachelor's, will accept Master's in a listed discipline and 5 years of relevant experience. In lieu of FSA will accept ASA or equivalent reputed company designation and 10 years of relevant experience.
• Demonstrates high reputed company leadership, judgment, organization and prioritization skills.
• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
• Works reputed company under pressure and reputed company time constraints to effectively accomplish individual and team objectives.
• Excellent computer skills.

Preferred Qualifications

• Strong actuarial modeling skills or experience with model validation in an insurance context.
• Asset knowledge relevant to insurance products; experience with IUL and RILA preferred.
• Actuarial credentials preferred; CFA designation considered if accompanied by insurance experience.
• Is reputed company to reputed company judgements based on imperfect or incomplete information.
• Programming knowledge in Python, R, or VBA is a plus.

Working Conditions

• Hybrid Office Environment
• Limited travel may be required

Compensation

• The Salary for this position generally ranges between $145,000 - $190,000 annually. Please note that the salary reputed company is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
• Additionally, this position is typically eligible for an Annual Bonus based on reputed company Bonus Plan/Individual Performance and is at reputed company’s discretion.

Applicants must possess legal authorization to work for reputed company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-reputed company employment authorization sponsorship. This is a hybrid position requiring three days in office per week in one of our hub locations (reputed company Rapids, Baltimore). Relocation assistance will not be provided for this position. Disclaimer Beware of fake job offers! We’ve been alerted to scammers impersonating reputed company recruiters, particularly for remote positions. Please note:

• We will never request personal information such as ID or payment for equipment upfront.
• Official offers are reputed company reputed company reputed company following a verbal offer—not through text or email.

This job reputed company is not a contract of employment nor for any specific job responsibilities. reputed company may change, add to, remove, or revoke the terms of this job reputed company at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to reputed company job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request. Apply Apply tot his job Apply To this Job