Actuarial Services Director jobs in Maine

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)

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Director, Actuarial
  • Sun Life
  • Portland, ME OTHER
  • You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

    Job Description:

    At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America.

    The opportunity: The Director, Actuarial is responsible for planning, directing, and managing product pricing, and other major company efforts to help meet profit and growth objectives for our Group Long Term Disability, Group Short Term Disability, Group Term Life, and Absence blocks of business.

    Responsibilities include pricing, product development, experience review and analysis, and state regulatory filings. In this role you will also have significant interactions with our carrier partners.

    How you will contribute:

    • Plan, direct, and manage Group Disability product pricing
    • Evaluate, monitor and report actuarial operating performance, communicating to carrier partners, senior management, management and employees
    • Keep pricing responsive to market trends and actively engage product management to keep products positioned in the market
    • Evaluate and recommend processes in product management to improve quality and efficiency of business
    • Prepare and present to carrier partners on experience results, market trends, new product features, and on other topics related to pricing and product development
    • Provide leadership and direction to others, develop and monitor performance of others

    What you will bring with you:

    • Ability to work with a diverse range of people
    • 5 Years of actuarial experience
    • FSA preferred
    • Bachelor's in Actuarial Science, Mathematics, Statistics or other related fields
    • Active status in the Society of Actuaries and American Academy of Actuaries
    • Thorough knowledge of actuarial and risk management processes and a complete understanding of factors that influence insurance profitability
    • Ability to present confidently in front of senior management and clients
    • Strong leadership abilities to inspire and coach employees. This includes recruiting, selecting, training, motivating and leading staff
    • Ability to develop strong working relationships with carrier partners and employees in other departments
    • Ability to create and communicate strategic direction in the assigned actuarial operating area

    Do you see yourself in this role even if you haven’t checked all the boxes above? We welcome all talented candidates and are committed to a culture that represents diversity in all forms. If you think you might thrive in this setting, we would love to hear from you.

    Not ready to apply yet but want to stay in touch? Join our talent community to stay connected until the time is right for you!

    Life is brighter when you work at Sun Life

    • Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more
    • Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account
    • A flexible work environment with a friendly, caring, collaborative and inclusive culture
    • Great Place to Work® Certified in Canada and the U.S.
    • Named as a “Top 10” employer by the Boston Globe's “Top Places to Work” two years running

    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    If you are a California resident, the salary range for this position is:

    • Southern region: $160,000-$240,000 annually
    • Central region: $168,700-$253,100 annually
    • Northern region: $180,300-$270,500 annually

    If you are a Colorado resident, the salary range for this position is $152,700-$229,100 annually.

    If you are a New York resident, the salary range for this position is $180,300-$270,500 annually.

    If you are Washington resident, the salary range for this position is $168,700-$253,100 annually.

    We consider various factors in determining actual pay including your skills, qualifications, and experience. In addition to salary, this position is eligible for incentive awards based on individual and business performance as well as a broad range of competitive benefits.

    Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter -for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.

    At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

    #LI-remote

    Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email recruitingUS@sunlife.com to request an accommodation.

    At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

    For applicants residing in California, please read our employee California Privacy Policy and Notice.

    Job Category:

    Actuarial

    Posting End Date:

    24/03/2024

    All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

  • 23 Days Ago

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Actuarial Associate
  • Ameriprise Financial Inc
  • Harrington, ME FULL_TIME
  • Ameriprise Financial has an exciting opportunity for a skilled Actuarial Associate to join our team! The individual will perform actuarial tasks with limited manager assistance or supervision. Provide...
  • 1 Month Ago

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Nurse Director Inpatient Services
  • Clinical Management Consultants
  • Jonesboro, ME FULL_TIME
  • A leading critical access hospital located in northern Maine is currently searching for an experienced Nurse Director Inpatient Services to join their accredited healthcare team. This organization pro...
  • 12 Days Ago

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Clinic Director of Outpatient Services
  • MaineHealth
  • Portland, ME FULL_TIME
  • Summary Position Summary Under the direction of the Vice President of Outpatient Services, the Clinic Director of Outpatient Services is responsible for the performance, management and oversight of da...
  • 13 Days Ago

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Director of Support Services
  • Down East Community Hospital
  • Machias, ME FULL_TIME
  • DescriptionJOB SUMMARY AND SCOPEResponsible for the oversight of plant operations, maintenance, biomedical service, security, and housekeeping for the organization. Works to ensure that State and Fede...
  • 14 Days Ago

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Career Training Services Director
  • Job Corps
  • Bangor, ME FULL_TIME
  • Company Description Our Job Corps programs provide life-changing services that help young people succeed in school, obtain good jobs, excel in their chosen fields, and serve as contributing members of...
  • 14 Days Ago

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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...
  • 4/19/2024 12:00:00 AM

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Financial/Actuarial Director
  • WTW
  • Nashville, TN
  • Candidates located in any of the following cities will be considered Arlington, VA, Atlanta, GA, Glen Allen, VA, Hunt Va...
  • 4/19/2024 12:00:00 AM

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Actuarial Manager - Remote
  • UnitedHealth Group
  • Eden Prairie, MN
  • Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. ...
  • 4/18/2024 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...
  • 4/17/2024 12:00:00 AM

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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...
  • 4/16/2024 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...
  • 4/16/2024 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...
  • 4/15/2024 12:00:00 AM

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Actuarial Director - E&S Property - Hybrid
  • DW Simpson
  • Peoria, IL
  • This role could be a major step up in your career. As an Actuarial Director you will analyze, prepare, and evaluate prof...
  • 3/28/2024 12:00:00 AM

To the south and east is the Atlantic Ocean and to the north and northeast is New Brunswick, a province of Canada. The Canadian province of Quebec is to the northwest. Maine is both the northernmost state in New England and the largest, accounting for almost half of the region's entire land area. Maine is the only state in the continental US to border only one other American state (New Hampshire to the South and West). Maine is the easternmost state in the United States in both its extreme points and its geographic center. The town of Lubec is the easternmost organized settlement in the United...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$286,860 to $402,978

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