Model Risk Actuary
New
M
Martello ReReinsurance, Insurance
Eastern/Central United States where the company currently operates (CT, FL, GA, IL, IN, MD, MA, MO, NJ, NY, NC, PA, SC, TN, TX & District of Columbia) or within a commutable distance to our Charlotte, NC office, Eastern/Central United StatesFull-TimeMiddle
Salary not disclosed
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Job Details
- Experience
- 5 years (with FSA); 3 years (with Master's); 7 years (with ASA)
- Required Skills
- Microsoft ExcelRisk ManagementData analytics
Requirements
- FSA or equivalent professional designation (Preferred).
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field.
- 5 years of relevant experience (with FSA); 3 years (with Master's degree); 7 years (with ASA or equivalent).
- Strong understanding of stochastic modeling, financial reporting, and regulatory frameworks (e.g., US GAAP, Bermuda EBS).
- Proficiency in actuarial software and data analytics tools.
- Advanced Microsoft Office skills (Excel, Word, PowerPoint).
- Excellent communication and influencing skills.
- Ability to work independently and manage cross-functional relationships.
- High degree of attention to detail and problem-solving skills.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Responsibilities
- Maintain and administer the company’s model governance and assumption governance frameworks.
- Identify, assess, monitor and report on model risk within the company’s enterprise risk management framework.
- Serve as secretary to the Company’s Model and Assumption Governance Committee.
- Maintain comprehensive inventories of all models and assumptions.
- Perform independent validations of actuarial and financial models.
- Lead the annual review of model risk rating classifications.
- Oversee model change processes including testing, documentation, and approval.
- Support technical review of pricing initiatives and actuarial assumption reviews.
- Provide training and guidance on model risk principles.
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