Model Risk Actuary

This is a fully remote position, open to applicants in Connecticut, +13 more states.

📋 Description

• Assist in the identification, evaluation, and management of model risk throughout the organization.

• Ensure proper governance, documentation, scrutiny, approval, monitoring, and review of models and assumptions utilized for pricing, reserving, capital, and risk management.

• Oversee and manage the company’s frameworks for model governance and assumption governance in accordance with regulatory standards and industry best practices.

• Identify, evaluate, oversee, and report on model risk within the context of the company’s enterprise risk management framework.

• Conduct independent validations of actuarial and financial models.

• Spearhead the annual assessment of model risk rating classifications.

• Partner with actuarial, finance, underwriting, and risk teams to promote model risk awareness.

⛳️ Requirements

• FSA or an equivalent qualification, along with a bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related discipline.

• A minimum of 5 years of relevant experience.

• Strong grasp of stochastic modeling, financial reporting, and regulatory frameworks (e.g., US GAAP, Bermuda EBS).

• Expertise in actuarial software and data analytics tools.

• Exceptional communication and influencing capabilities.

• Ability to engage in constructive challenges and manage cross-functional relationships effectively.

• Advanced skills in Microsoft Office applications (Excel, Word, PowerPoint).

• High attention to detail coupled with strong problem-solving abilities.

🏝️ Benefits

• Health insurance.

• Retirement plans.

• Professional development opportunities.