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)
Actuarial pension consulting firm located in Baton Rouge, Louisiana specializing in providing actuarial and administrative services to public pension plans seeks candidate for its Data Analyst position. This position on the firm’s actuarial services team provides support for the firm’s actuarial analysts and actuaries. The analyst reviews actuarial valuation data using custom, in-house data analysis software and Microsoft Excel spreadsheets, works with client staff members to answer questions related to the valuation data, and makes changes as necessary. The analyst also supports the firm’s actuaries in performing experience studies, performs calculations of the cost of service credit transfers and purchases, provides support to the administrative services team, and assists in preparing reports for system Boards of Trustees and auditors.
Qualified candidates should meet the following criteria:
Bachelor’s degree required. Degree in Actuarial Science, Mathematics, Statistics, Finance or other closely related field a plus.
Cumulative GPA of 3.4 or higher.
Candidate must be organized and detail-oriented, must enjoy working with numbers, must have strong computer skills, and must have the ability to manage multiple projects.
A good candidate will have a strong technical background and be able to demonstrate expertise in using Microsoft Excel.
Candidates must be willing to work toward meeting client deadlines.
Not an exam taking actuarial position.
Support for actuarial exams not available for this position.
Salaried position and bonus eligible.
Benefits include health insurance and 401(k).
Job Type: Full-time
Benefits:
Schedule:
Work Location: In person