Actuarial Services Director jobs in Nampa, ID
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
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.
- 30 Days Ago
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...
- 15 Days Ago
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...
- 2 Days Ago
Director of Behavioral Health Services
- Children’s Therapy Place
-
Boise, ID
FULL_TIME
- Be Challenged. Be Supported. Thrive. We believe that children are infinitely capable and we support their dreams! –Children's Therapy Place is the only full-service outpatient pediatric therapy clinic...
- 7 Days Ago
Director of Support Services
- Corporate IT Solutions
-
Boise, ID
FULL_TIME
- Company Overview:Join our dynamic team at CIS, a distinguished Managed IT Services Provider (MSP) specializing in delivering comprehensive IT solutions. With over 15 years of experience, CIS has becom...
- 23 Days Ago
Fiduciary Services Director
- Harris CPAs
-
Meridian, ID
FULL_TIME
- About Harris CPAs: We enjoy our work and thrive in the culture and business opportunities we continue to create together. We offer challenging work opportunities where superior work is acknowledged an...
- 1 Month Ago
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0 Actuarial Services Director jobs found in Nampa, ID area
Independent Insurance Claims Adjuster in Nampa, Idaho
- MileHigh Adjusters Houston Inc
-
Nampa, ID
- Exciting Opportunity for Aspiring Claims Adjusters! INDEPENDENT INSURANCE CLAIMS ADJUSTERS NEEDED NOW! Are you ready to ...
- 4/19/2024 12:00:00 AM
Compliance and Training Specialist - Caldwell
- Hiring Now!
-
Caldwell, ID
- The J.R. Simplot Company is a diverse, privately held global food and agriculture company headquartered in Boise, Idaho....
- 4/19/2024 12:00:00 AM
Life Insurance Sales Agent (Remote)
- The Hirsh Agency
-
Boise, ID
- Compensation: 10K-15K Monthly (Uncapped) *100% Commission Schedule: Employee's choice Location: Work from Home!!! Work/L...
- 4/19/2024 12:00:00 AM
Remote-Insurance Sales Professional
- The Kind Agency
-
Nampa, ID
- Do you need to support your family and generate income for the things you want to do in life? Are you ready for freedom ...
- 4/18/2024 12:00:00 AM
Independent Insurance Claims Adjuster in Boise, Idaho
- MileHigh Adjusters Houston Inc
-
Boise, ID
- Exciting Opportunity for Aspiring Claims Adjusters! INDEPENDENT INSURANCE CLAIMS ADJUSTERS NEEDED NOW! Are you ready to ...
- 4/17/2024 12:00:00 AM
Remote Insurance Agent
- Symmetry Financial Group The Clayton Agency
-
Nampa, ID
- Simple Solutions Financial Service needs the right agents to help our growing clientele build an asset and not a liabili...
- 4/16/2024 12:00:00 AM
Underwriting Trainee
- Berkley
-
Meridian, ID
- Company Details: Berkley North Pacific is a regional insurance company that offers niche products and specialized covera...
- 4/16/2024 12:00:00 AM
Remote Insurance Agent
- Dorr Agency
-
Meridian, ID
- Looking for your last career stop? Interested in an industry change? Seeking work-life balance? The Dorr Agency is seeki...
- 4/15/2024 12:00:00 AM
About Nampa, Idaho
Nampa (/ˈnæmpə/ (listen)) is the largest city of Canyon County, Idaho. The population of Nampa was 81,557 at the 2010 census and, as of 2018, is the third-most populous city in Idaho. Nampa is about 20 miles (32 km) west of Boise along Interstate 84, and six miles (10 km) west of Meridian. Nampa is the second principal city of the Boise-Nampa metropolitan area. The name "Nampa" may have come from a Shoshoni word meaning either moccasin or footprint.
Nampa is located at 43°34′29″N 116°33′49″W / 43.57472°N 116.56361°W / 43.57472; -116.56361 (43.574807, -116.563559).
According to the United St...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$271,234 to $381,028
Nampa, Idaho area prices
were up 2.5% from a year ago
were up 2.5% from a year ago
What does an Actuarial Services Director do?
Actuarial Services Director in Spokane, WA
Responsible for stat and federal filings including actuarial certification.
December 28, 2019
Actuarial Services Director in Lafayette, LA
JOB SUMMARYThe Manager of Actuarial Services will serve under the general direction of the VP of Finance and is responsible for supervising, gathering and evaluating membership claims and premium data for ratemaking, budgeting, benefits, trends, provider networks, etc.
December 26, 2019
Actuarial Services Director in Grand Forks, ND
Applying probability and statistics to the practical problems of insurance, our actuarial team performs a variety of duties, including calculating the cost of premiums and policy values, preparing statistical studies, and forecasting financial results.
February 20, 2020