Actuary, Model Validation

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

Benefits offered by this job

Health benefits

Job summary

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

The role includes developing a consistent validation methodology, managing the annual portfolio of validations, and guiding a team of actuaries with varying levels of experience. Hybrid work in West Chester, PA is supported.

Qualifications

• FSA or near-FSA with 7+ years experience, including supervisory/managerial exposure.
• Experience leading a model validation function and coordinating across Risk, Actuarial, Finance.
• Experience with actuarial modeling platforms (GGY AXIS/Prophet) preferred.
• Familiarity with AI applications to improve processes is a plus.
• Strong oral and written communication of technical matters to senior management.

Responsibilities

• Lead and manage Resolution Life's model validation team and operating model.
• Develop and manage the annual model validation plan and priorities.
• Oversee independent model validations including purpose, methodology, controls, and documentation.
• Provide challenge and ensure objectivity in validation processes.
• Review validation workpapers and reports and communicate findings clearly.

Skills

FSA or near FSA

Model validation leadership

AI experience

Strong communication

Actuarial knowledge

Education

Bachelor's degree in Mathematics/Actuarial Science/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).

$130,000 - $190,000

#LI-Hybrid

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.