Actuary, Model Validation

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Position Summary

Resolution Life is seeking an Actuary, Model Validation to establish and lead a model validation team responsible for providing independent, risk-based validation of models used across the organization.

The successful candidate will be accountable for developing and implementing a consistent model validation methodology, managing the annual portfolio of model validations, and ensuring that validation work is appropriately scoped, executed, documented, reviewed, and communicated. The team leader will manage and develop a team of actuaries with varying levels of experience.

Key Responsibilities

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

Qualifications / Skills / Experience

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or related business discipline.

• FSA or near FSA with 7+ years of experience, including at least 2 years in a supervisory or management role.
• 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 preferred.

• Strong knowledge of life insurance and annuity products and familiarity with relevant 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.

Location: West Chester, PA (Hybrid - 3 days per week in the office),

Resolution Life US is committed to disclosing a reasonable estimate of the base salary for our job roles. These estimates consider a wide range of factors in making base salary decisions, including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs.

In addition to salary, Resolution Life US offers a comprehensive benefits package, including our health & wellness program, incentive and recognition programs, and 401k contribution (all benefits are subject to eligibility requirements). The salary range reflects figures based on the location:

· $130,000 - $190,000

Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

About Us

Resolution Life was founded with a clear mission: to support the long-term growth of the primary life insurance industry and deliver on our commitments to our policyholders, for the benefit of society. We serve that mission by acting as a global custodian to the life insurance and annuity industry by providing capital for growth through reinsurance and acquiring and managing portfolios of life insurance companies.

Our innovative approach ensures promises can be kept, the primary market can grow, and everyone involved can have a secure financial future. In fact, we pride ourselves on innovating fit-for-purpose solutions to our customers’ challenges. We seek talented, ambitious people who dare to be different in their thinking, willingly collaborate, thrive in a dynamic, agile environment and share our desire to drive change for a better future.

We will support you to drive your own career and achieve your full potential at Resolution Life. We’ve got big ambitions for the future and know we’ve got the best people to take us there.

We hope to offer our people a career, not just a job. Check out our current employment openings and see if Resolution Life is right for you.

Learn more about Resolution Life.