Associate Director, Model Validation

Group 1001 • Zionsville, IN

2d

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. Why This Role Matters: Group 1001 is seeking an Associate Director of Model Validation to join our Risk team. This position will support risk management efforts by conducting model validations related to annuities and life insurance products. This person will support the company’s Model Risk Committee, providing expertise in matters of actuarial, capital, and financial modeling. This position will also engage business areas to promote risk-informed decision-making and may support other risk management areas of focus. This position offers a unique opportunity to learn about the various actuarial models used throughout the organization, their purposes, and the products and businesses being modeled. How You'll Contribute: Conduct model validations for annuities and life insurance products, supporting comprehensive oversight of the company’s model risks from data to delivery. Prepare and deliver reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts. Ensure all enterprise models are captured on the model validation inventory and incorporated in the model review process. Maintain documentation and timetables of model review and associated findings. Coordinate remediation efforts with modeling units, providing structured guidance to support successful outcomes. Evaluate, challenge, and support the model development life cycle. Support Model Risk Committee initiatives related to model governance, including assumption governance. Support risk assessment and risk reporting across the company’s ERM framework, including risk metrics and key risk indicators. Prepare analyses related to policyholder behavior, market risks, and emerging risk

Requirements

• Associate of the Society of Actuaries (FSA) with 5+ years of experience, preferred.
• Bachelor’s degree in actuarial science, risk management, mathematics, or a related field.
• Experience in model development, model production, or enterprise risk management in an insurance company.
• Extensive knowledge of annuity and life insurance products, including key projection components and reserving.
• Strong financial modeling and analytical skills.
• Familiarity with regulatory aspects of annuities and life products.
• Highly organized with strong communication and project management skills.

Nice To Haves

• Chartered Enterprise Risk Analyst (CERA) is preferred.
• Experience with hedging models, credit models, and economic scenario generators is also beneficial.

Responsibilities

• Conduct model validations for annuities and life insurance products, supporting comprehensive oversight of the company’s model risks from data to delivery.
• Prepare and deliver reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts.
• Ensure all enterprise models are captured on the model validation inventory and incorporated in the model review process.
• Maintain documentation and timetables of model review and associated findings.
• Coordinate remediation efforts with modeling units, providing structured guidance to support successful outcomes.
• Evaluate, challenge, and support the model development life cycle.
• Support Model Risk Committee initiatives related to model governance, including assumption governance.
• Support risk assessment and risk reporting across the company’s ERM framework, including risk metrics and key risk indicators.
• Prepare analyses related to policyholder behavior, market risks, and emerging risk

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees