Top Actuarial Executive provides leadership, innovation, and oversight to an organization's actuarial function. Develops policies, procedures, and formulas to guide statistical analysis and actuarial research and accurately evaluate the likelihood and financial impact of various risks. Being a Top Actuarial Executive ensures policies and procedures are implemented effectively to ensure regulatory compliance of all financial operations and products. Responsible for the strategic planning and oversight of product development. Additionally, Top Actuarial Executive establishes profitability targets and regularly reviews product rates, premium levels, and rating systems to evaluate effectiveness and measure performance against targets. Reviews and validates financial statements, regulatory filings, and other financial projections before publishing or submitting. Communicates with marketing and other key stakeholders to present rating structures and systems and ensure adequate understanding of products. 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 top management. The Top Actuarial Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Actuarial Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Our Corporate Actuarial department is looking for an Actuarial Analyst to join our team and perform
data analysis and other technical work assignments in the Corporate Actuarial Department.
The qualifications are:
• College degree in mathematics, actuarial science or equivalent
• Business background preferred
• Completion of 1 preliminary exam
• Excellent mathematical aptitude
• Strong analytical skills and attention to detail
• Proficient in Microsoft Office suite (Excel, Word)
• Experience with programming languages and databases preferred
• Exceptional written, oral, and interpersonal communication skills
The role responsibilities are:
• Assist in the development and maintenance of actuarial models and software.
• Prepare actuarial items for interim financial statements.
• Assist in the preparation of the actuarial portions of the Annual Statement.
• Develop and maintain tools and reports for use in financial and product analysis.
• Collect, analyze, and validate data for actuarial analysis.
• Commit to actuarial exams and attainment of actuarial designation.
At Southern Farm Bureau Life Insurance Company, our Mission is to be the life insurance company of choice for our Farm Bureau family. Our focus is to provide competitive products and superior customer service to our Farm Bureau policyholders and agents, while observing the highest ethical standards. Southern Farm Bureau Life Insurance Company continues to build on over 75 years of success with an outlined strategic vision, defined core values and above all, our employees. Our Company strives to provide a workplace with an outstanding culture, focusing on the development, growth and engagement of its employees.
We are looking for candidates who model our Company’s Core Values which are: