Director of Actuarial Model Validation
Minneapolis, North Carolina, United States of America
Full Time
3 weeks ago
$150,000 - $206,300 USD
No Visa Sponsorship
Key skills
Leadership
About this role
Role Overview
- Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use.
- Lead and implement model validation activities, including validation, annual review, ongoing monitoring, findings management, and model use approvals.
- Act as a subject matter expert in the key model risk area and other related modeling areas.
Requirements
- Master’s degree in actuarial science, Data Science, Mathematics, Financial Engineering, Economics, or another analytical field of study is required.
- Fellow of the Society of Actuaries (FSA)
- 5-7 years of required experience
- Significant recent experience in actuarial model design, product development, implementation, testing, and/or validation is required.
- Deep understanding of the models, products, assumptions, and processes across different areas (Life Insurance / Annuity / Health, Inforce / New Business, ALM, Hedging)
- Microsoft Office (e.g. Excel, Word, and PowerPoint), Actuarial modeling software (e.g. Prophet, AXIS, or ALFA, etc.)
- Previous people leadership experience and proven ability to mentor and develop people.
Benefits
- Health insurance
- 401(k)
- Vacation time
- Sick time
- Comprehensive benefits program