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Associate Director and Actuary, Head of Life Testing

We are seeking an Associate Director & Actuary, Head of Life Testing in ICALM modeling team responsible for validatingactuarial projection models in AIG's Life & Retirement's life business. The position is within AIG L&R Insurance Company Capital and Asset Liability Management (ICALM). The ICALM organization is responsible for AIG L&R actuarial projection modeling processes including governance, model execution, research and development, and production outputs supporting cash flow testing, ALM, and other strategic analyses. This individual will have frequent and regular interaction with model owners across the Valuation and ICALM areas, Model Production team, the Business Unit (BU) Chief Finance Actuaries, and key partners in the Enterprise Risk Management and IT teams. Role and Responsibilities Lead the Life testing team to validate AXIS models and certify the model delivery to production team according to the set priorities. Development of test plans for validation of model functionality and assessing validity of approximations/proxy approaches, including identification of sample test policies which cover key policy features and isolate areas of potential error, and selection of assumptions/scenarios to run against this set of testing policies for back testing, sensitivity testing and stress testing Create test bed for regression testing purpose Creation/modification of benchmark testing tools, including developing spreadsheets and programs based on model specifications to replicate model functionality and assembling benchmark data from financial statements and production systems for back testing and comparison testing Develop and maintain actuarial model validation documentation of testing plan, testing evidence, impact analysis, model limitation, etc Work with stakeholder to conduct user acceptance testing to accept new AXIS models into production Work with actuarial units, finance teams, and Business units across the organization to understand, review and sign off business requirement specification. Implementation of industry best practices and development of coding and control standards for testing tools developed in Excel or programming platform Work with model development team to follow model change development life cycle for new model development and ongoing BAU model changes. Education   An undergraduatedegree is required. This individual will be a member of the Society of Actuaries (FSA preferred)   Experience        7+ years of progressively more responsibleactuarialexperience with Life & Retirement Insurance products.       A record of demonstrated success in developing large-scale actuarial models with appropriate controls      Experience with US Statutory and GAAP reserve and capital methodologies, particularly emerging PBR and GAAP targeted improvements.      Excellent written and oral communication skills, including proven ability to write clear concise memos, and clearly document system functionality is required.      Prior experience with actuarial modeling software is required (AXIS preferred).      Extensive experience with Microsoft Excel, including VBA, is required.      Experience managing team members of various experience levels   Personal Characteristics        Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions      Strong working knowledge of US life insurance and annuity product features, regulatory environment and risks      Detail-oriented      Takes initiative on projects and assignments, seeks alternate solutions.      Driven to work towards completion of projects and initiatives.      Strong oral and written communication skills.      Highly motivated and results-oriented. JR1813858
Salary Range: NA
Minimum Qualification
8 - 10 years

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