Director Actuarial Services

Director Actuarial Services

Purpose

The Director, Actuarial Services is to ensure that the actuarial work is conducted in compliance with current Actuarial Standards of Practice using the Data Resource Center and Document Management System.

Job Responsibilities

  • Maintain compliance with Professional Qualification Standards of the American Academy of Actuaries.
  • Oversee analyses and make pricing recommendations for lines of business or products using current actuarial standards of practice in a timely manner.
  • Oversee and perform countrywide loss cost reviews and development and provide first level of peer review of work performed by analysts.
  • Perform actuarial peer review of work done under direction of peers with well defined documentation and acceptance criteria.
  • Lead initiatives to create new rating plans and enhance current rating plans including the identification and acquisition of data resources.
  • Manage and maintain quality control over projects involving calculation of loss costs and rating factors for new or existing products.
  • Ensure operational efficiencies and auditability by using the Data Resource Center and Document Management System.
  • Responsible for working collaboratively with Data Engineering and Quality Assurance to ensure that all acquired data is processed appropriately, in a timely manner and with the level of quality assurance required to rely upon data in the Actuarial Data Mart.
  • Provide leadership and guidance on the use of analytical tools and models. Create and maintain the standards and practices around the use of catastrophe models.
  • Manage communications and projects involving other departments, auditors, affiliates, regulators, and other external parties.
  • Lead projects, make timely decisions and get work done efficiently.
  • Supervise and develop actuarial staff.

Skills, Knowledge and Abilities

  • Ability to accurately perform complex actuarial analyses and explain analyses orally or in writing.
  • Ability to learn and understand additional tools that aid actuarial work (e.g., SAS, SQL, catastrophe modeling software, etc.).
  • Strong mathematical aptitude.
  • Work collaboratively with product and data engineering.
  • Responsible for multiple projects requiring creative thinking and decision making ability. Deliver quality work product within agreed timeframe.
  • Proficient with standard software packages including MS Office.
  • Supervise actuarial staff.
  • Basic familiarity with Stat and GAAP accounting issues relating to actuarial work products.

Requirements

  • Bachelors degree with emphasis in mathematics, statistics or related field.
  • 10+ years of insurance experience and successful completion of FCAS.
  • Management responsibility for one or more staff members.
  • Computer use more than 50% of the work day. Phone use 20-25% of the work day.

Resumes forwarded to: karens@aaisonline.com