Senior Director, Actuarial Science

This is a fully remote position, open to applicants in United States.

📋 Description

• Establish the strategic vision for actuarial science, foster innovation, and generate crucial insights that enhance company performance.

• Supervise pricing, forecasting, month-end closing activities, performance tracking, explanations, processes, assumptions, accruals, and the assessment of financial experiences and trend drivers.

• Create initiatives aimed at enhancing efficiency and cost-effectiveness.

• Lead a team of actuaries while ensuring adherence to relevant Actuarial Standards of Practice.

• Facilitate team training, personal growth, and mentorship programs for analysts.

• Formulate strategy and guide teams in developing internal statistical models for bid pricing, financial forecasts, contract modeling, and ad hoc assignments.

• Hold internal stakeholders accountable for requests related to actuarial functions and the key assumptions utilized across Finance and the organization.

• Identify and influence actuarial principles and business drivers at the Senior Management level during interactions with federal and state regulators.

• Spearhead new business initiatives for the business development team at the Senior Management level when necessary.

• Ensure compliance with federal and state rate filing requirements.

• Lead collaborative opportunities where actuarial teams can contribute to corporate objectives.

• Monitor and elucidate industry trends, including federal and state regulations and sub-regulatory guidance.

• Suggest and implement strategies that impact the achievement of functional objectives.

• Clarify financial drivers for owned products and markets, including IBNR and other accruals.

• Engage with trade associations, regulators, and external stakeholders regarding policy and legislative issues.

• Provide actuarial expertise to business, government affairs, compliance, legal, and other teams concerning proposed policies, legislation, regulations, and guidance.

• Support organizational feedback, comments, and responses that reflect financial, operational, and actuarial considerations.

• Carry out other job-related responsibilities as required.

⛳️ Requirements

• A Bachelor's degree in actuarial science, mathematics, economics, or a related discipline is required.

• A minimum of ten (10) years of decision support, financial analysis, or actuarial experience is preferred.

• At least five (5) years of management experience is preferred.

• Strong experience with databases (SAS or Access) is preferred.

• Experience in Managed Care or healthcare is preferred.

• An Associate of the Society of Actuaries (ASA) is required.

• A Fellow of the Society of Actuaries (FSA) is preferred.

• Exceptional written and verbal communication skills.

• Strong listening abilities and critical thinking skills.

• Excellent interpersonal skills and a high degree of professionalism.

• Capability to manage, develop, and inspire staff.

• Ability to engage with all management levels as well as external stakeholders.

• Outstanding problem-solving skills and attention to detail.

• Proficiency in reporting data, analyzing facts, and exercising sound business judgment while making recommendations.

• Ability to identify and analyze issues, draw conclusions, develop and lead processes, and communicate status and results effectively.

• Expert-level proficiency with Microsoft Suite, including Excel, Word, PowerPoint, and Outlook.

• Advanced knowledge of SQL, SAS, R, or other data manipulation software is preferred.

• Willingness and ability to travel up to 15% occasionally.

• Ability to work in a general office environment and sit or stand for prolonged periods.

🏝️ Benefits

• Potential for a bonus linked to company and individual performance.

• A substantial and comprehensive total rewards package.

• Support for employee well-being in totality.

• Up to 15% occasional travel based on departmental requirements.