ACTUARY : DIRECTOR-MODEL VALIDATION - McLean, Virginia United States - 14692



JOB DESCRIPTION

Job #: 14692
Title: ACTUARY : DIRECTOR-MODEL VALIDATION
Job Location: McLean, Virginia - United States
Employment Type:
Salary: $125,000.00 - $160,000.00 - US Dollars - Yearly
Other Compensation: Cash Bonus, Sign-On Bonus, Excellent Benefits
Employer Will Recruit From: Nationwide
Relocation Paid?: Yes

WHY IS THIS A GREAT OPPORTUNITY?


We are representing a Fortune 500 Financial Services company who, due to significant organic growth, seeks a senior actuarial professional to lead the critical validation models across all products including investment, corporate and life.

The position offers excellent compensation, benenfits, and career advancement in addition to sign-on bonus and relocation assistance.

JOB DESCRIPTION

  • Lead the validation of certain critical models,
  • Provide independent assessment of certain critical models by reviewing model assumptions, data sources, mathematical formulas, processes, and business applications
  • Provide an independent view on model reliability, stability, and robustness, and if the model is “applicable for purpose”, including whether assumptions were appropriately implemented
  •  Collaborate with various stakeholders including members in Modeling, Risk, Actuarial, Finance, Audit, and IT teams
  • Communicate the validation results to modeling teams, senior leadership, and appropriate governance committees
  • Follow up on findings/recommendations to ensure they are implemented appropriately
  • Research available state-of-the art modeling solutions and leading industry practices, and share best practices across different platforms

QUALIFICATIONS

REQUIRED:

  • BA/BS Degree in mathematics, statistics and/or related major including Mathematical knowledge, skills and abilities
  • FSA/near FSA or career ASA with commensurate experience
  • 5 + years of relevant work experience within insurance industry
  • Proven modeling & analytical skills
  • 3 + years of direct experience in building and improving models (in SAS, MATLAB, Polysystems, ALFA, AXIS, etc.)
  • Knowledge of Valuation, Projections, Experience and Pricing actuarial processes     Intellectual curiosity and capability
  • Strong communication skills (verbal and written)
  • Ability and willingness to challenge and influence the business in a highly collaborative way
  • Willingness to collaborate, and share ideas and knowledge
  • Ability to work independently with minimal supervision
  • Results oriented, accountable for performance, and willingness to take ownership of projects

PREFERRED:

  • Familiarity with critical models in Long Term Care insurance, Life insurance and/or Annuities
  • Advanced proficiency in more than one modeling platform (e.g., SAS, MATLAB, Polysystems, ALFA, AXIS, etc.)
  • Master’s Degree in a quantitative discipline
  • Chartered Enterprise Risk Analyst (CERA) certification

Education:
University - Bachelor's Degree/3-4 Year Degree

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