Actuarial Services Director jobs in Virginia
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
- Berkley
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New York, NY
OTHER
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Company Details
Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500.
W. R. Berkley Corporation’s insurance company subsidiaries are rated A (Superior), Financial Size Category XV by A.M. Best Company and A (Strong) by Standard & Poor’s. Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business and the strength and resources of a Fortune 500 organization, as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.
Berkley Mid-Atlantic Insurance Group works with a small and select number of appointed agents to deliver customized coverage for our clients’ unique insurance needs. We focus on small and middle market commercial accounts within the Service, Manufacturing, Retail, Construction, Wholesale, Finance and Real Estate industries.
Company URL: https://www.wrbmag.com/
The company is an equal opportunity employer.
Responsibilities
We have an exciting opportunity for an Actuarial Pricing Director to join our team! In this role, you will report to the VP Chief Actuary of Berkley Mid-Atlantic Insurance Group. You will drive rate reviews, participate in the company’s planning processes, and provide analysis and tools that support profitable growth.
- Collaborate effectively within the Actuarial department and with the company’s leaders to deliver insightful and timely analyses.
- Recommend rate changes based on portfolio performance and market environment.
- Lead state and product rate reviews and filings by interpreting bureau rate changes.
- Drive the actuarial component of the company’s planning processes.
- Identify, retrieve, and prepare internal and external data in support of actuarial analysis.
- Interpret and implement advanced analytics models for pricing and other applications.
- Identify segments with profitable growth potential or underperforming segments and propose strategy adjustments.
Qualifications
- Bachelor’s degree or MS in mathematics, statistics, actuarial science, economics or equivalent.
- ACAS or FCAS designations preferred.
- 10 years of actuarial experience in insurance pricing, preferably in commercial lines.
- Proficiency in Microsoft Excel and in programming languages like SQL, R, or Python.
- Ability to communicate clearly and with purpose.
- Ability to challenge the norms while working collaboratively with colleagues at all levels of the organization.
- High level of integrity, with a strong sense of urgency and results-orientation.
- Natural curiosity and a love for learning.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms.Sponsorship Details
Sponsorship not Offered for this Role - 1 Month Ago
- Berkley
-
Atlanta, GA
OTHER
- Company Details Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500. W. R. Ber...
- 1 Month Ago
- Casualty Actuarial Society
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Arlington, VA
FULL_TIME
- Position Description Title: Accounting Specialist Reports to: Director of Finance and Operations Are you looking to grow your career with an organization that prides itself on fostering a collaborativ...
- 30 Days Ago
- Casualty Actuarial Society
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Arlington, VA
FULL_TIME
- Title: Program Coordinator Reports to: Chief Business Officer Scope of Responsibilities: Are you eager to kickstart your career in a dynamic, hybrid, and supportive environment that values initiative ...
- 1 Month Ago
- Eggleston Services
-
Norfolk, VA
FULL_TIME
- Assistant Director of Laundry Services - Enjoy a rewarding and challenging position with a nonprofit organization that has been helping educate, train, and provide employment opportunities for individ...
- 15 Days Ago
- Eggleston Services
-
Norfolk, VA
FULL_TIME
- Assistant Director of Day Services - Enjoy a rewarding and challenging position with a nonprofit organization that has been helping educate, train, and provide employment opportunities for individuals...
- 1 Month Ago
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- JCW
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