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Actuarial Services Director jobs in Idaho

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)

Recently Added Actuarial Services Director jobs

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Actuarial Director, Health Economics
  • PacificSource
  • Boise, ID FULL_TIME
  • Looking for a way to make an impact and help people? Join PacificSource and help our members access quality, affordable care! PacificSource is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability, or other protected status, such as race, religion, color, national origin, sex, sexual orientation, gender identity or age. Diversity and Inclusion: PacificSource values the diversity of the people we hire and serve. We are committed to creating a diverse environment and fostering a workplace in which individual differences are appreciated, respected and responded to in ways that fully develop and utilize each person’s talents and strengths. Provide actuarial services in the area of health economics. Lead organizational discipline around management of utilization, unit cost, and service intensity. Responsible for accurate and reliable actuarial activities. Ensure sound actuarial analysis of risk, resulting in the attainment of PacificSource's financial and enrollment goals. Work to increase enrollment and maintain a strong financial position. Provide documented input on decisions which impact the risk assumed through various current or proposed activities. Manage and provide leadership and vision to team of analysts. Provide guidance to team members regarding company policies, mandates, and workflow. Oversee hiring, productivity, and quality of the team’s work. Essential Responsibilities: Direct health economics strategy. Work with VP/Chief Actuary, Health Services, Provider Network, Actuarial Pricing and other leadership areas to ensure consistency with partnering departments and alignment with company strategy/goals. Make documented recommendations based on the analysis of information regarding methods to reduce costs. Collaborate with pricing actuaries to ensure actual and/or expected outcomes of health economics programs are reflected in premium rates. Provide actuarially sound pricing assumptions and analysis, including supporting actuarial memoranda where necessary. Coordinate business activities by maintaining collaborative partnerships with key departments. Actively participate in various strategic and internal committees in order to disseminate information within the organization and represent company philosophy. Provide leadership and supervision to a team of actuarial students, credentialed actuaries, and non-actuarial analysts. Assist with hiring, staff development, coaching, performance reviews, corrective actions, and termination of employees. Provide feedback, including regular one-on-ones and performance evaluations, for direct reports. Provide input into operational and strategic initiatives as they relate to the actuarial functions of the company. Participate in the design and execution of research activities performed within PacificSource. Responsible for process improvement and working with other departments to improve interdepartmental processes. Work with staff to promote utilization of lean methodologies for continuous improvement throughout the department. Directs the assessment of various elements of risk, cost, and utilization, and its financial impact upon PacificSource. Responsible for developing the organization's targeted cost and utilization trend through regular and systematic analysis of experience and forecasting of financial and statistical data in a manner that is actuarially sound, competitive in the marketplace, and provides income in accordance with organization goals and objectives. Manage the development, implementation, and maintenance of health economics models, coordinating with other departments to ensure compliance with regulatory requirements and consistency with PacificSource policies. Assist in the development and monitoring of clinical programs and provider contracts. Product development activities include: proposing program adjustments, creating organizational discipline around the management of cost and utilization trends, modeling risks and recommending provider contract parameters, reviewing draft provider contracts, monitoring accuracy of contract implementation and measuring contract performance, planning and execution of ongoing risk management, and making presentations to senior executive management. Stay informed regarding changes to actuarial curriculum and requirements. Propose updates to student program as needed. Assist in the development of department budgets. Supporting Responsibilities: Meet department and company performance and attendance expectations. Follow the PacificSource privacy policy and HIPAA laws and regulations concerning confidentiality and security of protected health information. Perform other duties as assigned. SUCCESS PROFILE Work Experience: At least six years health actuarial experience and three years management experience required. Education, Certificates, Licenses: Baccalaureate degree in mathematics, statistics, actuarial science, or a related field. Enrolled as an Associate or Fellow in Society of Actuaries, and active member in good standing of American Academy of Actuaries. Fellow in Society of Actuaries preferred. Knowledge: Must possess the knowledge and assume responsibility for performing the functions of the job position. Must perform and be responsible for the functions in a manner which promotes confidence in the person's abilities. Ability to accomplish tasks accurately under pressure, determine priorities, and to meet deadlines. Ability to identify and define problems, design and then implement solutions, and further monitor results, in a continuous cycle. Is creative and innovative in responding to challenges. Ability to apply actuarial methods and modeling techniques. Verifies and documents assumptions, justifies analysis and recommendations with sound logic and actuarial principles, and adheres to Actuarial Standards of Practice. Competencies Authenticity Building Organizational Talent Coaching and Developing Others Compelling Communication Customer Focus Empowerment/Delegation Emotional Intelligence Leading Change Managing Conflict Operational Decision Making Passion for Results Environment: Work inside in a general office setting with ergonomically configured equipment. Travel is required approximately 5% of the time. Skills: Accountable leadership, Business & financial acumen, Empowerment, Influential Communications, Situational Leadership, Strategic Planning Our Values We live and breathe our values. In fact, our culture is driven by these seven core values which guide us in how we do business: We are committed to doing the right thing. We are one team working toward a common goal. We are each responsible for customer service. We practice open communication at all levels of the company to foster individual, team and company growth. We actively participate in efforts to improve our many communities-internally and externally. We actively work to advance social justice, equity, diversity and inclusion in our workplace, the healthcare system and community. We encourage creativity, innovation, and the pursuit of excellence. Physical Requirements: Stoop and bend. Sit and/or stand for extended periods of time while performing core job functions. Repetitive motions to include typing, sorting and filing. Light lifting and carrying of files and business materials. Ability to read and comprehend both written and spoken English. Communicate clearly and effectively. Disclaimer: This job description indicates the general nature and level of work performed by employees within this position and is subject to change. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this position. Employment remains AT-WILL at all times. PacificSource is anything but a typical health insurance company. Founded in 1933, we’re an independent, not-for-profit organization that puts our members, and their communities first—across Idaho, Oregon, Montana, and Washington. It's our 1,900 employees who make it happen: promoting health equity and partnering with providers to deliver better access to optimal, affordable care. So yes, with PacificSource, you get to do great things. In our effort to put members first—more than 600,000 of them—initiative, commitment, and hard work are supported and rewarded with excellent benefits, competitive wages, and opportunities for personal growth and advancement. Benefits: Flexible telecommute policy, medical, vision, and dental insurance, incentive program, paid time off and holidays, 401(k) plan, volunteer opportunities, tuition reimbursement and training, life insurance, and options such as a flexible spending account. We love our common purpose. Empowerment, flexibility, and sharing success make for a great place to work. Here’s what else we feel good about: A mission with a real sense of shared values Competitive wages and outstanding benefits, including telecommuting Opportunities for learning development and career advancement Organizational leadership style rooted in servant and transformational leadership A commitment to support the communities we serve A belief in the importance of work-life balance April 16: Central Oregon Community College Job Fes, 10a-1p (2600 NW College Way, Bend, OR 97703) April 17: Oregon State Spring Career Fair, 11a-3p at Career Center (725 Southwest 26th Street, Corvallis OR 97331) April 18: University of Oregon Spring Career Fair, 12p-4p at the EMU Ballroom (1395 University St, Eugene OR 97403) April 24: Linn Benton Community College Career Fair, 10a-2p (6500 Pacific Blvd SW, Albany OR 97321) May 14: Idaho Business League, 10a-2p at Courtyard by Marriot (1789 S Eagle Road, Meridian ID) PacificSource is an equal opportunity employer and a company that loves helping people. We work with our employees to understand their goals, and provide training, individual development, and career advancement opportunities to help them achieve just that. In 2023 alone we had 407 internal promotions! Certified Age Friendly Employer, 2023 | Age Friendly Institute Top Workplace 2023 and 2022 for Idaho | Idaho Press Top Workplace 2023 and 2022 for Oregon and SW Washington | The Oregonian #4 Healthiest Employer of Oregon 2021 | Portland Business Journal Healthy Worksite 2021 | Design Coalition in Montana PacificSource is an equal opportunity employer. Click here to review our AAP Policy Statement. If you have questions about working at PacificSource or need help with your application, please email HRrecruiting@PacificSource.com.
  • 1 Month Ago
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Director, Career Services
  • University of Idaho
  • Moscow, ID FULL_TIME
  • University of Idaho Director, Career Services Location: Moscow Division/College: Vice Provost for Strategic Enrollment Management Employee Category: Exempt Pay Range: $85,000 annually or higher depend...
  • 21 Days Ago
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Clinical Services Director
  • Edgewood Healthcare
  • Eagle, ID FULL_TIME
  • Full-TimeDay Shift Benefits: Performance bonuses Access your paycheck early Paid time off begins accruing day 1 Health, vision, dental, & HSA plans 401K plan with employer contribution No scheduled we...
  • 21 Days Ago
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Director of Health Services
  • Senior Living Communities
  • Boise, ID FULL_TIME
  • Hey there! Are you ready to embark on a fulfilling journey in senior care? We're on the lookout for compassionate souls who are eager to dive into a rewarding career path. At our company, we firmly be...
  • Just Posted
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Lifestyles Services Director
  • Quail Ridge
  • Pocatello, ID FULL_TIME
  • Position Summary The Lifestyles Services Director plans, organizes, develops and directs the overall operations of the Lifestyles Services Department; providing quality activities for residents, ensur...
  • Just Posted
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Program Director, IDD Services
  • Sevita
  • Boise, ID FULL_TIME
  • Program Director, IDD Services Have you been looking for a fantastic role to continue your career path in Social and Human Services? Look no further. This role is critical to our success and exemplifi...
  • 8 Days Ago
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Actuarial Services Director jobs at Popular Companies

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Remote Actuary Services Director (Medicare)
  • ClientSolv Technologies
  • Englewood, CO
  • Company Description ClientSolv Technologies is an IT solution firm with over a decade of experience serving Fortune 1000...
  • 4/26/2024 12:00:00 AM
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Reinsurance Actuarial Director
  • Aon Corporation
  • Minneapolis, MN
  • Posting Description: Reinsurance Actuarial Director Location: Chicago, New York, Philadelphia, Atlanta Aon is in the bus...
  • 4/26/2024 12:00:00 AM
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Actuarial Director, Health Economics
  • PacificSource
  • Tacoma, WA
  • Base Salary Range: $123,629.14 - $210,169.53 Looking for a way to make an impact and help people? Join PacificSource and...
  • 4/26/2024 12:00:00 AM
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Financial/Actuarial Director, Health & Benefits
  • WTW
  • Detroit, MI
  • Candidates in any of the following locations will be considered: Brookfield, WI, Cincinnati, OH, Cleveland, OH, Columbus...
  • 4/26/2024 12:00:00 AM
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Actuarial Director - P&C Reserving
  • Selby Jennings
  • Houston, TX
  • Actuarial Director - P&C Reserving Job Description: As the Actuarial Reserving Director, you will play a pivotal role in...
  • 4/26/2024 12:00:00 AM
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P&C Actuarial Director - PR12713
  • Pryor Associates Executive Search
  • Chicago, IL
  • P&C Actuarial Director opening in NY, IL, MA, MN, or PA. Provide analytic services to P&C insurance companies, including...
  • 4/26/2024 12:00:00 AM
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Actuarial Director
  • JCW
  • JCW is currently recruiting on behalf of a leading governmental insurance carrier in their search for an experienced res...
  • 4/25/2024 12:00:00 AM
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Financial/Actuarial Director, Health & Benefits
  • Wtw
  • Brookfield, WI
  • Communicates and delivers complex concepts and financial/actuarial/analytic results to effectively drive client action a...
  • 4/23/2024 12:00:00 AM
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About Idaho

Idaho (/ˈaɪdəhoʊ/ (listen)) is a state in the northwestern region of the United States. It borders the state of Montana to the east and northeast, Wyoming to the east, Nevada and Utah to the south, and Washington and Oregon to the west. To the north, it shares a small portion of the Canadian border with the province of British Columbia. With a population of approximately 1.7 million and an area of 83,569 square miles (216,440 km2), Idaho is the 14th largest, the 12th least populous and the 7th least densely populated of the 50 U.S. states. The state's capital and largest city is Boise. Idaho p...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$275,067 to $386,412

Most Popular Cities in Idaho for Actuarial Services Director Jobs

What does an Actuarial Services Director do?

Actuarial Services Director in Racine, WI
Ensures that the Actuarial Department provides excellent services to various internal and external clients in the areas of pricing, reserving, forecasting, benefits and product development, provider relations/contracting, underwriting, and compliance.
January 23, 2020
Actuarial Services Director in Huntington, NY
If your organization includes a captive agency, actuarial services are a vital piece of your effectiveness and long-term viability.
December 19, 2019
Actuarial Services Director in Lancaster, PA
Join this team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as leading edge services such as financial reporting and measurement, financial risk management, modelling, hedging, reinsurance, securitization, economic capital and solvency.
December 20, 2019