Associate Actuary - Model Risk (Charlotte, NC (Hybrid) or Morristown, NJ (Hybrid) or Remote)

Where you'll work

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you'll contribute

As a Senior Actuarial Associate, you’ll be responsible for leading model validations within the company and researching key emerging actuarial issues within the life insurance space. This position sits within the Corporate Risk Management (CRM) and will collaborate closely with key stakeholders across different business functions including Pricing, Valuation, Asset Liability Management (ALM), and Audit.

Responsibilities

• Conduct independent model reviews, testing, and validation of models, including review of model documentation, evaluating risks, and proposing review strategies and recommendations to enhance the company’s risk management.
• Advise business partners, CRM team members, and management on regulatory compliance requirements and best practices with respect to effective model risk management.
• Provide support related to model development, validation, and testing, through partnership with other teams such as valuation, ALM, and pricing. Partner to understand their needs.
• Support the Model Governance function by performing risk-based reviews.
• Provide support to strengthen risk oversight in insurance risk management including risk reporting and monitoring.
• Perform other CRM initiatives as needed.

Qualifications

• Bachelor’s in actuarial science, computer science, finance, mathematics, or related field is preferred.
• Strong financial modeling knowledge and experience.
• Advanced experience with Excel and VBA.
• Experience in using actuarial modeling software such as Prophet or similar.
• Actuarial credentials highly preferred.
• Prior experience on VM-20 and pre-PBR life valuation guidelines a plus.
• Detail-oriented with excellent organizational, communication, and interpersonal skills.

Benefits

• Compensation – Base salary ranging from $100,000 - $125,000 plus competitive performance-based incentives determined by company and individual results.
• Flexible Work Environment – Work remotely or in the office to better thrive in all areas of life.
• Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
• Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.
• Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
• Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance.