Actuarial Analyst, Model Validation

Group 1001 • Zionsville, IN

5d

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. Why This Role Matters: Group 1001 is seeking an Actuarial Analyst, Model Validation to join our Enterprise Risk Management team. This position will support risk management efforts by conducting model validations related to annuities and life insurance products. This role offers a unique opportunity to learn about the various actuarial models used throughout the organization, their purposes, and the products and businesses being modeled. You will be supporting the Model Risk Committee on model validation outcomes as well as, engage other business areas to promote risk-informed decision-making and support other risk management areas of focus. How You'll Contribute: Conduct model validations for annuities and life insurance products, supporting comprehensive oversight of the company’s model risks from data to delivery. Prepare and deliver reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts. Ensure models are captured on the model validation inventory and incorporated in the model review process. Maintain documentation and timetables of model review and associated findings. Coordinate remediation efforts with modeling units, providing structured guidance to support successful outcomes. Evaluate, challenge, and support the model development life cycle. Support Model Risk Committee initiatives related to model governance, including assumption governance. Support risk assessment and risk reporting across the company’s enterprise risk management framework, including risk metrics and key risk indicators. Prepare analyses related to policyholder behavior, market risks, and emerging risk Continue progress towards professional development designation through company supported Actuarial Student Program What We're Looking For: Bachelor’s degree in actuarial science, risk management, mathematics, or a related field. 2 years of relevant actuarial experience specifically in model production, model development, valuation, or enterprise risk management in an insurance company. Passed at least 3 Society of Actuaries actuarial exams passed Previous knowledge of annuity and life insurance products is preferred. Strong analytical, organizational, communication (oral/written), project management, and problem solving skills. Proficiency in Excel (including VBA) and database tools. Self-starter with the ability to balance multiple projects and priorities and meet deadlines. Benefits Highlights: Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required. Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences. #LI-ST1 Grow Your Career at Group 1001 Insurance We are a company that aims to shape the world around us. We don’t simply talk about change, we create it – empowering people and communities through sports, education, innovation, and access to financial products and services. Group 1001 Insurance is an integrated, technology-driven financial services and insurance group that combines product innovation with digital accessibility. With annuity products and insurance that create and protect a strong future for all, we help individuals and businesses thrive. Through our education and sports partnerships, we empower communities. Because when we invest in growth for all, we invest in a better world. If you’re ready to make an impact and help us build a better future, you’re in the right place! Group 1001 Insurance Benefits Employees are our number one asset. We provide a comprehensive benefits package that goes beyond the basics to support employees through many of life’s personal and professional milestones. Join our Talent Community If you don't see a role that fits your profile, join our Talent Community to share your contact information and resume. Not finding the right fit? Let us know you're interested in a future opportunity by clicking Get Started below or create an account by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!

Requirements

• Bachelor’s degree in actuarial science, risk management, mathematics, or a related field.
• 2 years of relevant actuarial experience specifically in model production, model development, valuation, or enterprise risk management in an insurance company.
• Passed at least 3 Society of Actuaries actuarial exams passed
• Strong analytical, organizational, communication (oral/written), project management, and problem solving skills.
• Proficiency in Excel (including VBA) and database tools.
• Self-starter with the ability to balance multiple projects and priorities and meet deadlines.

Nice To Haves

• Previous knowledge of annuity and life insurance products is preferred.

Responsibilities

• Conduct model validations for annuities and life insurance products, supporting comprehensive oversight of the company’s model risks from data to delivery.
• Prepare and deliver reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts.
• Ensure models are captured on the model validation inventory and incorporated in the model review process.
• Maintain documentation and timetables of model review and associated findings.
• Coordinate remediation efforts with modeling units, providing structured guidance to support successful outcomes.
• Evaluate, challenge, and support the model development life cycle.
• Support Model Risk Committee initiatives related to model governance, including assumption governance.
• Support risk assessment and risk reporting across the company’s enterprise risk management framework, including risk metrics and key risk indicators.
• Prepare analyses related to policyholder behavior, market risks, and emerging risk
• Continue progress towards professional development designation through company supported Actuarial Student Program

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level