Actuary, Model Validation

Resolution Life; West Chester (Chester County); Hybrid; USD 130,000 - 190,000; Full time

Benefits offered by this job

Health & wellness program

Incentives and recognition programs

401k contribution

Job summary

Resolution Life US is seeking an Actuary, Model Validation to build and lead a dedicated validation team, delivering independent risk-based assessments across the organization. You will design a consistent validation methodology, manage the annual portfolio, and supervise a group of actuaries with varying experience levels.

Strong leadership, experience with GGY AXIS or Prophet, and a deep understanding of life insurance and annuity products are essential.

Qualifications

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline.
• FSA or near FSA with 7+ years, including at least 2 years in a supervisory role.
• Experience with actuarial modeling platforms GGY AXIS and/or Prophet.
• Familiarity with AI to improve work processes.
• Strong knowledge of life insurance and annuity products and related actuarial disciplines.
• Excellent oral and written communication to senior management and governance committees.

Responsibilities

• Lead and be accountable for Resolution Life’s model validation team, establishing its operating model and standards.
• Develop and manage the annual model validation plan, timelines and resources.
• Oversee independent model validations including purpose, methodology, implementation and limitations.
• Provide constructive challenge while preserving objectivity of validation processes.
• Review and approve validation workpapers and reports with clear remediation actions.
• Develop team members through coaching, guidance, and performance management.
• Collaborate with Risk, Actuarial, Finance and other functions for validation support.
• Communicate validation results and emerging risks to senior management and governance committees.
• Support broader model risk management initiatives and other duties as required.

Skills

AI familiarity

Strong communication

Education

Bachelor’s degree in Math/Actuarial/Finance

Tools

GGY AXIS

Prophet

Job description

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Position Summary

Resolution Life is seeking an Actuary, Model Validation to establish and lead a model validation team responsible for providing independent, risk-based validation of models used across the organization.

The successful candidate will be accountable for developing and implementing a consistent model validation methodology, managing the annual portfolio of model validations, and ensuring that validation work is appropriately scoped, executed, documented, reviewed, and communicated. The team leader will manage and develop a team of actuaries with varying levels of experience.

Key Responsibilities

• Lead and be accountable for Resolution Life’s model validation team, including establishing the team’s operating model, objectives, standards, processes, and working relationships with key stakeholders.
• Develop and manage the annual model validation plan, including prioritizing validation activities, establishing timelines, assigning resources, monitoring progress, and escalating material issues or delays.
• Lead or oversee independent model validations, including assessments of model purpose, conceptual soundness, methodology, implementation, controls, documentation, outputs, and limitations.
• Provide effective and constructive challenge to model owners, developers, and other stakeholders while preserving the objectivity and independence of the validation process.
• Review and approve validation workpapers and reports, ensuring that analyses are technically sound, conclusions are supported by appropriate evidence, and findings and required remediation actions are clearly communicated.
• Manage and develop model validation team members through coaching, technical guidance, work review, performance management, and career development.
• Partner with Risk, Actuarial, Finance, and other functions to obtain the information, expertise, and support required to complete effective model validations.
• Communicate validation results, significant findings, and emerging risks to senior management and relevant governance committees.
• Support broader model risk management initiatives and perform other duties as required.

Qualifications / Skills / Experience

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline.
• FSA or near FSA with 7+ years of experience, including at least 2 years in a supervisory or management role.
• Prior experience with actuarial modeling platforms including GGY AXIS and/or Prophet is strongly preferred.
• Familiarity with AI and practical experience applying AI to improve day-to-day work processes preferred.
• Strong knowledge of life insurance and annuity products and familiarity with relevant actuarial disciplines, including financial reporting, capital, asset-liability management, investments, pricing, reinsurance, and risk management.
• Strong oral and written communication skills, including the ability to communicate complex technical matters, findings, and recommendations clearly to senior management and governance committees.

Location: West Chester, PA (Hybrid - 3 days per week in the office),

Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the location:

• $130,000 - $190,000

Critical Skills

At Resolution Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.