Actuarial Services Director directs the activities of an organization's actuarial function. Oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Being an Actuarial Services Director develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Designs processes and guidelines to ensure regulatory compliance of products and financial operations. Additionally, Actuarial Services Director leads the design and development of insurance products by evaluating and approving insurance rates, premium levels, and rating systems and structures. Oversees the preparation of actuarial reports, financial statements, and regulatory filings and develops financial budgets, forecasts, and other financial projections. Researches and selects major rating assumptions to support accurate statistical analysis and evaluates the effectiveness of existing formulas. Evaluates product performance against established profitability targets and recommends modifications. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Services Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Actuarial Services Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Role Description
The Actuarial Associate is responsible for assisting in the estimation of IBNR reserves and experience report analysis in support of the Corporate Actuarial mission.
In addition, the Actuarial Associate will communicate with Line of Business teams to explain and understand results and will work with the Finance Department in support of Financial, Statutory, and Management reporting requirements.
The following are the primary accountabilities of the position :
Role Qualifications and Experience
Salary Range
63, - 84, USD
Theannual base salary range posted represents a broad range of salaries around the and is subject to many factors including but not limited to credentials,education, experience, geographic location, job responsibilities, performance,skills and / or training.
Last updated : 2024-03-22
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0 Actuarial Services Director jobs found in Greenwich, CT area