Actuarial Services Director jobs in Minnesota

Actuarial Services Director directs the activities of an organization's actuarial function. Develops mathematical analyses and financial principles to solve insurance problems. Being an Actuarial Services Director calculates premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. Advises management in the determination of major rating assumptions. Additionally, Actuarial Services Director requires a bachelor's degree. Typically reports to top management. May require ASA or FSA designation. 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. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be an Actuarial Services Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)

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Director, Actuarial Services
  • Western National Group & Umialik Insurance
  • Edina, MN FULL_TIME
  • Description

    Who are we?

    Western National Insurance Group is a private mutual insurance company with over 120 years of experience serving customers' property-and-casualty insurance needs in the Midwestern, Northwestern, and Southwestern United States. Known as “The Relationship Company®,” we define success as a measure of the relationships we’ve built over time. In everything that we do, we know that delivering a friendly and helpful interaction makes for a better experience for everyone involved. That’s the power of “nice”. At Western National, nice is something we work to bring to every person and organization with whom we partner and serve.


    Does this opportunity interest you?

    Western National is seeking a Director, Actuarial Services to join our team!


    The individual in this role will have the opportunity to provide leadership and training to actuarial analysts, rating specialists, and data scientists. In addition, this individual will establish pricing levels for all business lines; oversee predictive modeling efforts; and oversee / execute actuarial duties, which include reserving reinsurance, ratemaking, financial projections, and claim calculations to support business and strategic goals.


    What are the responsibilities and opportunities of this role?

      

    • Conducts complex analyses while adhering to actuarial standards to be used to influence broad strategic vison and business decisions and accurately document assumptions, methods, sources, and considerations in an organized fashion.
    • Performs and reviews actuarial analyses for all lines of business.
    • Understands product initiatives and establishes supporting pricing while ensuring that filings with pricing components comply with statutory and regulatory requirements.
    • Monitors performance of all business lines to achieve company objectives, monitors the industry to track competitor rates and rating methodologies, and makes pricing and rating methodology recommendations. 
    • Partners with predictive modelers to understand and provide insight and feedback on models.
    • Works with analysts to evaluate model results, recommends model refresh, and / or adjusts pricing to complement. 
    • Performs independent reviews for key planning segments by assessing the appropriateness of key assumptions, methodologies, and controls used for loss ratio and premium planning.
    • Oversees and ensures quality in the downstream implementation of pricing / rating components.
    • Actively engages in design and implementation of reinsurance and other risk      management programs.
    • Coaches, directs, and develops individuals to achieve individual, departmental, and company goals.

    Requirements

    What will our ideal candidate have?

      

    • Prior supervisory / management experience with demonstrated ability to coach, direct, and develop individuals.
    • Ability to multitask and solve complex problems.
    • Extensive knowledge of property-and-casualty insurance.
    • Demonstrated increased responsibility within the property-and-casualty insurance industry.
    • Demonstrated ability to manage the day-to-day tasks of diverse teams  while effectively influencing senior management on key decisions and directions.
    • Proven ability to foster a collaborative and productive environment across the organization.
    • Working knowledge of regulatory requirements.
    • Bachelor’s degree in actuarial science, mathematics, statistics, or related quantitative major preferred; experience in lieu of degree is acceptable.
    • Actuarial designation is required, generally as an FCAS. 
    • CPCU designation is preferred. 


    Culture and Total Rewards

    Western National has long been known as “The Relationship Company®”, and caring for our employees is part of that relationship commitment. We value connectiveness, empowerment, and accountability, and we believe that our employees are our biggest asset.


    Currently ranked as the 41st largest private company by revenue in Minnesota (Minneapolis-St. Paul Business Journal), Western National has earned accolades year-over-year as an employer of choice and garnered multiple awards for wellness in the workplace. Western National was also named a Star Tribune Top Workplace in 2021, 2022, and 2023. In addition, the Group is consistently recognized as a Ward’s 50 property-and-casualty insurance company for its outstanding financial results.


    Western National offers full-time employees a significant Total Rewards Package, including:


    • Medical insurance plan options and other standard employee benefits, including dental insurance, vision benefits, life insurance, disability insurance, and more!
    • Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
    • 401(k) Plan (plus company match)
    • Wellbeing Program, including onsite fitness studio
    • Paid Time Off – including holiday, vacation, and volunteer
    • 100% company-paid tuition reimbursement for approved job-relevant coursework and access to The Institutes (Risk and insurance education)
    • Paid parental leave
    • Bonus opportunities


    Western National believes in supporting balance between work and life by providing a flexible work environment, which includes a variety of hybrid and remote work arrangements designed to balance individual, job, department, and company needs.

    Western National provides employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

    #LI-DA1

    IND123

  • 9 Days Ago

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Associate Director Actuarial Services, Pricing - Remote
  • UnitedHealth Group
  • Minnetonka, MN FULL_TIME
  • At UnitedHealthcare, we’re simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do here impacts the lives of millions of people fo...
  • 15 Days Ago

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Associate Director Actuarial Services - Minnetonka, MN
  • UnitedHealth Group
  • Minnetonka, MN FULL_TIME
  • At UnitedHealthcare, we’re simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do here impacts the lives of millions of people fo...
  • 15 Days Ago

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Associate Director of Actuarial Services - Remote (Minnetonka, MN preferred)
  • UnitedHealth Group
  • Minnetonka, MN FULL_TIME
  • At UnitedHealthcare, we’re simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do here impacts the lives of millions of people fo...
  • 15 Days Ago

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Director, Actuarial - Remote
  • UnitedHealth Group
  • Prairie, MN FULL_TIME
  • Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connectin...
  • 1 Day Ago

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Director, Actuarial - Remote
  • UnitedHealth Group
  • Plymouth, MN FULL_TIME
  • Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connectin...
  • 13 Days Ago

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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...
  • 3/28/2024 12:00:00 AM

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Actuarial Pricing and Product Design Director
  • Connect Search, LLC
  • Chicago, IL
  • Responsibilities: Lead the actuarial pricing and product design strategies to ensure competitiveness and profitability o...
  • 3/28/2024 12:00:00 AM

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Director of Actuarial Reserving
  • JCW
  • JCW is currently working on behalf of a growing specialty insurance looking for a Director of Actuarial Reserving for th...
  • 3/28/2024 12:00:00 AM

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Director-OPEB- Health-REMOTE
  • Gallagher
  • Rolling Meadows, IL
  • About Us: Buck, a Gallagher company, opens doors to a world of boundless opportunity and innovation. As part of our inte...
  • 3/28/2024 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...
  • 3/27/2024 12:00:00 AM

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Actuarial Analyst (Hybrid Insurance role)
  • PA Compensation Rating Bureau.
  • Philadelphia, PA
  • Job Description Job Description Job Summary: The Actuarial Analyst works under direction of either an Actuarial Director...
  • 3/26/2024 12:00:00 AM

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Associate Actuary, Trad Life and LDTI (Remote)
  • Careerbuilder
  • Chesterfield, MO
  • 52 open jobs. Use your resume to get matched with the right job. Upload your resume Associate Actuary, Trad Life and LDT...
  • 3/26/2024 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...
  • 3/24/2024 12:00:00 AM

Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. state on May 11, 1858, created from the eastern half of the Minnesota Territory. The state has a large number of lakes, and is known by the slogan the "Land of 10,000 Lakes". Its official motto is L'Étoile du Nord (French: Star of the North). Minnesota is the 12th largest in area and the 22nd most populous of the U.S. states; nearly 60% of its residents live in the Minneapolis–Saint Paul metropolitan area (known as the "Twin Cities"). This area i...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$272,674 to $370,251

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