Manages and leads model validation activities within a second line risk function. Responsible for validating and risk assessment of models developed by the first line with a focus on market-based insurance products (IUL, RILA, VA). May contribute to the development and enhancement of model validation frameworks and methodologies.
Requirements
- 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 related technical materials.
- Serves as a key resource for major validation projects and initiatives.
- May collaborate with or provide input to cross-functional teams, including product, risk, and actuarial groups.
Benefits
- Competitive Pay
- Bonus for Eligible Employees
- Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
- Paid Time Off
- Paid Holidays
- Wellness Program
- Parental Leave
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
