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Model Validation Actuary
Location:
Indianapolis , Indiana
Posted:
February 07, 2017
Reference:
207253364
About The Position:
Guggenheim is seeking an exceptional candidate to join the Enterprise Risk Management ("ERM") team as a Model Validation Actuary. Reporting to the Chief Risk Officer, this person will review the processes, controls, validations, and calculations of significant models to ensure model risks are managed and mitigated, and to ensure best practices are implemented in multiple and cross-functional organizational models. The position is hands-on in reviewing and validating models and the processes used to construct the inputs, outputs, and results of the actuarial models. The ideal candidate will have a solid background in creating actuarial models, MG-ALFA or ArcVal, and other software used for actuarial financial projections. In addition, the ideal candidate must demonstrate an ability to work with large sets of data, anticipate questions and identify solutions to data anomalies, manage multiple priorities efficiently despite resource and time constraints, and work independently as well as in a team environment.

The position is located in Indianapolis Indiana.

Specific Responsibilities Include:
  • Develops robust processes and methodologies for reviewing and validating organizational models, specifically including actuarial projections and reserve calculations.
  • Assists in the maintenance of model inventory and initial risk assessments of models.
  • Produces reports highlighting any findings or observations related to the reviewed models including those related to model shortcomings in terms of calculation and methodology validity, accuracy of data, appropriateness of model usage, and sufficiency of documentation and controls.
  • Communicates model findings and remediation plans to Model Risk Committee.
  • Coordinates necessary remediation activity by working directly with the modeling unit to solve any outstanding issues and report on progress to Model Risk Committee.
  • Maintains documentation of model review and findings related to all models reviewed.
  • Collaborates with individuals throughout the organization to ensure all organizational models are captured on the model inventory and incorporated into the model validation process.

Skills & Experience Required:
  • Bachelor's degree or higher in Actuarial Science, Mathematics, Statistics, or related field
  • Minimum of ASA designations required; FSA designation or work toward FSA designation a plus
  • Minimum 5 years actuarial experience, including modeling background plus experience in other actuarial functions; well-rounded actuarial experience preferred
  • Experience in MG-ALFA or ArcVal or other actuarial financial projection software is preferred
  • Advanced Microsoft Excel skills necessary, as well as competency with other MS Office applications
  • Be able to manage and analyze large data sets using tools such as MS Access or SQL Server preferred.

In addition, the ideal candidate will be or have:
  • Driven and self-motivated
  • Analytical
  • Results oriented
  • Able to communicate results effectively
  • Inquisitive and innovative
  • Forward-looking, including the ability to anticipate management questions and develop responses in advance


About Guggenheim Life and Annuity Company
Guggenheim Life and Annuity Company, a subsidiary of Guggenheim Partners, provides financial services to institutional and retail customers through fixed annuity products distributed through networks of independent marketing organizations and agents nationwide.
About The Position:
Guggenheim is seeking an exceptional candidate to join the Enterprise Risk Management ("ERM") team as a Model Validation Actuary. Reporting to the Chief Risk Officer, this person will review the processes, controls, validations, and calculations of significant models to ensure model risks are managed and mitigated, and to ensure best practices are implemented in multiple and cross-functional organizational models. The position is hands-on in reviewing and validating models and the processes used to construct the inputs, outputs, and results of the actuarial models. The ideal candidate will have a solid background in creating actuarial models, MG-ALFA or ArcVal, and other software used for actuarial financial projections. In addition, the ideal candidate must demonstrate an ability to work with large sets of data, anticipate questions and identify solutions to data anomalies, manage multiple priorities efficiently despite resource and time constraints, and work independently as well as in a team environment.

The position is located in Indianapolis Indiana.

Specific Responsibilities Include:
  • Develops robust processes and methodologies for reviewing and validating organizational models, specifically including actuarial projections and reserve calculations.
  • Assists in the maintenance of model inventory and initial risk assessments of models.
  • Produces reports highlighting any findings or observations related to the reviewed models including those related to model shortcomings in terms of calculation and methodology validity, accuracy of data, appropriateness of model usage, and sufficiency of documentation and controls.
  • Communicates model findings and remediation plans to Model Risk Committee.
  • Coordinates necessary remediation activity by working directly with the modeling unit to solve any outstanding issues and report on progress to Model Risk Committee.
  • Maintains documentation of model review and findings related to all models reviewed.
  • Collaborates with individuals throughout the organization to ensure all organizational models are captured on the model inventory and incorporated into the model validation process.

Skills & Experience Required:
  • Bachelor's degree or higher in Actuarial Science, Mathematics, Statistics, or related field
  • Minimum of ASA designations required; FSA designation or work toward FSA designation a plus
  • Minimum 5 years actuarial experience, including modeling background plus experience in other actuarial functions; well-rounded actuarial experience preferred
  • Experience in MG-ALFA or ArcVal or other actuarial financial projection software is preferred
  • Advanced Microsoft Excel skills necessary, as well as competency with other MS Office applications
  • Be able to manage and analyze large data sets using tools such as MS Access or SQL Server preferred.

In addition, the ideal candidate will be or have:
  • Driven and self-motivated
  • Analytical
  • Results oriented
  • Able to communicate results effectively
  • Inquisitive and innovative
  • Forward-looking, including the ability to anticipate management questions and develop responses in advance


About Guggenheim Life and Annuity Company
Guggenheim Life and Annuity Company, a subsidiary of Guggenheim Partners, provides financial services to institutional and retail customers through fixed annuity products distributed through networks of independent marketing organizations and agents nationwide.

To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people, who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.

Guggenheim Partners is an Equal Opportunity Employer committed to a diversified and inclusive workforce.

A little about us:
Guggenheim Partners is a global investment and advisory firm with a track record of delivering results through innovative solutions.

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