As part of the application process, a candidate account is required to log in and view application(s). Please be sure to check email regularly for information regarding our employment process.
Profile Summary:
We are looking for a highly skilled and motivated aspiring Actuary to join our dynamic risk team. The Senior Actuarial Associate will support the identification, management and mitigation of risks associated with the use and business dependency of models across the Company. The Senior Actuarial Associate will advance the Company’s model risk management framework through sound change management, governance, validation, documentation, inventory oversight, adoption of best practices to ensure compliance with not only internal policies and standards, but also regulatory standards.
Profile Responsibilities:
- Partner with key stakeholders from the actuarial, finance, tax, treasury, growth and investment areas to foster a model risk aware culture across the company
- Develop the infrastructure that properly enables execution of the model risk framework including templates, one-pagers, educational sessions, and process enhancements
- Promptly support requests from internal and external auditors
- Ensure model documentation from model owners is current and compliant with internal and regulatory standards
- Ensure completion and adequacy of model validations in accordance with the models’ risk ratings
- Support secretarial duties of the model subcommittee
- Survey the business for new models or significant model changes and integrate within the framework as appropriate
- Challenge models on their accuracy, reliability, and performance through model validation
- Develop challenger models or benchmarks where appropriate to test material assumptions and outputs
- Demonstrate and support Company compliance with regulatory standards
- Strengthen consistency in model-related processes throughout the company by collaborating with those supporting the Bermuda and UK operations, respectively.
- Leverage the Company’s Governance, Risk and Compliance (“GRC”) tool capabilities for controls, findings, remediation plans and inventory purposes working closely with model owners and members of the operational risk management team
- Support current and new model owners to foster awareness of the key requirements of the model risk framework including risk rating, inventory update, change management, documentation and model validation
- Actively manage a model inventory that comprehensively and accurately reflects the company’s models and current risk profile
- Maintain model risk policy and supporting standards ensuring compliance and attesting to model risk management at the Company
- Monitor emerging trends and regulatory changes
This role is expected to apply best practice standards to the Model Risk Framework, including identification, documentation, validation, and governance of Models.
Knowledge, Experience and Critical Skills:
- Bachelor’s degree in a quantitative field (e.g., Actuarial Science, Mathematics, Statistics, Finance, or Engineering)
- A minimum 3+ years of actuarial experience, ideally Life Insurance sector
- Experience running and validating models
- Familiarity with model life cycle management
- Proficient knowledge of model risk frameworks and regulatory guidelines is a plus.
- A minimum Actuarial Credential of an Associateship of the Society of Actuaries (ASA)
- Superior oral and written communication skills
- Excellent time management skills to prioritize timelines
- Strong excel skills and solid technical experience
- Has thorough understanding of insurance products and processes, reserves, assets, liabilities, and financial statements, preferred
- Strong organizational skills, detail-oriented and able to work independently
- Ability to work collaboratively and effectively
- Advanced problem-solving skills and attention to detail
- Willingness to learn and able to work effectively as part of a team
Why join us
- Strengthen model governance and capital credibility under international regulatory regimes.
- Gain exposure across product lines and risk types, with access to senior leadership.
- Competitive benefits, professional growth, and exam support.
Location: West Chester, PA preferred (generally 2 days/week in the office, may be more)
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 primary location, which is listed first. The range for the role may differ based on the location.
West Chester, PA base salary range: $114,700 - $140,200
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.