Associate Actuary - Model Validation

As an Associate Actuary you will be primarily responsible for Variable Annuity model validation and transaction review projects, both offering opportunities to work across the Finance organization, Corporate Development function, and external Actuarial service providers. This role reports to the overall lead of the model validation projects, within the Capital Management and Modeling team in the Finance function. Involvement in transaction review projects primarily includes modeling due diligence. Principle Responsibilities: Perform detailed review of the Variable Annuity actuarial models, including the reviewing modeling of product features, assumptions, and scenarios in partnership with external actuarial outsourcing services provider. Validate annual assumption/model changes made to the model. Perform User Acceptance Testing (UAT) on key metrics as well as perform detailed Unit Testing on policy basis to validate changes are implemented as intended with explanation for the observed impacts. Documentation of modeling changes and testing performed for audit trails and the approval process under the model risk framework. Additionally, summarize and present findings digestible by senior audience. Review work by other junior members on model validation projects. Manage day to day delegation and communication. Identify and address potential modeling improvements including implementation of any best practices in the model set up. Support the review of products / data, actuarial assumptions, and modeling methodologies for any future transaction and company initiatives with a particular emphasis on ensuring correct interpretation of product features and modeling. Work may include support transaction due diligence and involves interaction with Corporate Development and external parties. Contribute to ad-hoc projects such as changes pertaining to statutory regulatory reserve and capital requirements, tax reforms, GAAP LDTI etc. and other overall Capital Management and Modeling team related initiatives, such as methodology changes model improvement. Opportunities for further learning and use of programming languages and tools such as VBA, R, Python, Power BI, to effectively summarize data for technical analysis. Other duties may be assigned. Knowledge, Skills and Abilities: Bachelor's degree in Mathematics, Actuarial Science, Finance or related business discipline ASA or newly credentialed FSA 5-6 years financial, insurance industry, or actuarial experience Excellent computer skills: Excel, databases, actuarial projection/valuation software, programming (e.g. R, VBA, SQL) Strong analytical skills or advanced knowledge of actuarial concepts; ability to use this knowledge to lead/develop solutions to ad-hoc requests or issues. Solid understanding of insurance products, regulations, or insurance company structure from prior experience in roles such as pricing, modeling, valuation, risk management, inforce management, experience studies, hedging Detail oriented and strong analytical problem-solving skills to make informed decisions. Leverages strong oral and written communication skills to readily and effectively collaborate with peers, managers, shares information and asks questions. Ability to manage competing priorities and deadlines Strong desire to learn and grow; willing to rotate to other actuarial roles. #LI-DP1 Venerable Values: Every position at Venerable has responsibility for living out the company's values as described here: We are Courageous - We think critically, ask "why?" and seek out creative solutions. We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking. We are Connected - We are connected to each other, our customers and our community. Competitive Compensation, Benefits, Current Hybrid Work Schedule and a Generous PTO Package! Introduce Yourself To Our Team Of Recruiters Are you interested in joining the Venerable team but don't see a job posting that aligns with your goals? Introduce yourself to our recruiters for consideration in future positions below. Would you like to be alerted if a new job is posted? Set a custom job alert that aligns with your career aspirations. Click on "Job Alerts" in the top right corner of this screen to get started. Not seeing it? You have to be signed in to your Candidate page. To do this click on "Sign In" in the top right corner of page. Founded in 2018, Venerable owns and manages legacy annuity business acquired from other entities. Created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners, Reverence Capital Partners, and Athene Holdings, Ltd. Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. We provide innovative risk transfer solutions to companies with variable annuity blocks who seek to rebuild a secure financial future. We will be the answer for companies focused on long term prosperity. Together, we are visionaries. We embrace change, overcome challenges and act like owners. We inspire, support and empower one another. We thrive on trust, decisiveness and transparency. We are committed to dismantling and eliminating systemic racism and invested in ensuring change is constantly evolving. As an organization, Venerable stands by our core values and consistently works to sustain an equitable environment where diverse perspectives and backgrounds are core to ensuring organizational success. Our Equity, Diversity, and Inclusion program involves colleagues from throughout our organization and is focused on five core topics to drive change - Education and Perspective Seeking, Training, Investments, Volunteerism, and Human Resource Practices. We are also proud members of CEO Action for Diversity & Inclusion, participants in supporting events in the communities in which we operate, and contributors to the Society of Black Actuaries and Federation of Iowa Insurers Race and Insurance working group.