Actuarial Model Risk Analyst: Independent Validation

Pacific Life; Greater London; On-site; GBP 70,000 - 90,000; Full time

Benefits offered by this job

25 days annual leave

Private healthcare

Group Life Insurance 9x salary

Job summary

Pacific Life Re in the United Kingdom seeks a Model Risk Analyst to join the Model Risk Management team. You will contribute to independent validation and risk reviews of actuarial models across PL Re, working with model owners and stakeholders to strengthen design, governance and controls.

The role offers exposure to diverse modelling platforms and business applications, with opportunities to develop actuarial judgement and lead governance improvements in a global reinsurer environment.

Qualifications

• 3+ years of relevant actuarial experience.
• Good knowledge of actuarial models and modelling software.
• Understanding of life insurance & reinsurance industry.
• Ability to proactively problem solve and challenge practices.
• Strong report writing skills.
• Ability to manage competing priorities and projects.

Responsibilities

• Scope, plan and deliver model risk reviews under MRM framework.
• Targeted reviews in response to business requests or major model changes.
• Monitor progress in addressing remediation actions.
• Develop and deliver model risk management information for leaders.
• Present findings clearly to model owners and senior stakeholders.
• Support collaboration on strategic improvements between teams.

Skills

Near-qualified actuary

Actuarial modelling knowledge

Independent judgement

Problem solving

Report writing

Time management

Tools

Actuarial software

Job description

Pacific Life Re in the United Kingdom seeks a Model Risk Analyst to join the Model Risk Management team. You will contribute to independent validation and risk reviews of actuarial models across PL Re, working with model owners and stakeholders to strengthen design, governance and controls.

The role offers exposure to diverse modelling platforms and business applications, with opportunities to develop actuarial judgement and lead governance improvements in a global reinsurer environment.