Actuary, Model Validation

Resolution Life•West Chester, PA

1d•$130,000 - $190,000•Hybrid

About The Position

Resolution Life is seeking an Actuary, Model Validation to establish and lead a model validation team that provides independent, risk-based validation of models used across the organization. The role is accountable for developing and implementing a consistent model validation methodology, managing the annual portfolio of model validations, and ensuring validation work is appropriately scoped, executed, documented, reviewed, and communicated. The team leader will manage and develop actuaries with varying levels of experience. The position partners with Risk, Actuarial, Finance, and other functions, and communicates validation results, significant findings, and emerging risks to senior management and governance committees. The role also supports broader model risk management initiatives and may perform other duties as required. The position is based in West Chester, Pennsylvania, with a hybrid schedule of three days per week in the office. The stated base salary range is $130,000–$190,000. Resolution Life US also offers a comprehensive benefits package, including a health and wellness program, incentive and recognition programs, and a 401(k) contribution, subject to eligibility requirements.

Requirements

Bachelor’s degree in Mathematics, Actuarial Science, Finance, or a related business discipline.
FSA or near FSA with 7+ years of experience, including at least 2 years in a supervisory or management role.
Strong knowledge of life insurance and annuity products.
Familiarity with 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.

Nice To Haves

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 is preferred.

Responsibilities

Lead and be accountable for the model validation team, establishing its operating model, objectives, standards, processes, and working relationships with key stakeholders.
Develop and manage the annual model validation plan by prioritizing activities, establishing timelines, assigning resources, monitoring progress, and escalating material issues or delays.
Lead or oversee independent model validations, assessing model purpose, conceptual soundness, methodology, implementation, controls, documentation, outputs, and limitations.
Provide effective, constructive challenge to model owners, developers, and other stakeholders while preserving validation objectivity and independence.
Review and approve validation workpapers and reports, ensuring analyses are technically sound, conclusions are supported by evidence, and findings and remediation actions are clearly communicated.
Manage and develop team members through coaching, technical guidance, work review, performance management, and career development.
Partner with Risk, Actuarial, Finance, and other functions to obtain information, expertise, and support for 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.