Director & Actuary
$133,400–$247,700 year
HybridChicago, Illinois, United States or Albuquerque, New Mexico, United States
Job Summary
Direct the work of a team of actuaries and non-actuaries while managing long-term projects and work streams. Set strategy for success in the area, develop compelling written and oral presentations for high-level decision-making, and ensure appropriate modeling and compliance with Actuarial Standards of Practice. Drive continuous improvement culture, oversee annual budget allocation, and translate initiatives into business cases supported by cost-benefit analyses. Communicate effectively across the company and with external parties to drive information delivery. Requires expert-level understanding of actuarial concepts, multiple areas, and at least one business segment. This hybrid role involves 3 days in office.
Required Qualifications
- Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics
- Fellow of the Society of Actuaries (FSA)
- Membership in the American Academy of Actuaries (MAAA)
- 4 years of actuarial experience in the health insurance field at the ASA level
- At least 7 years of actuarial experience in the health insurance or related field
- Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations
- PC proficiency to include Word and Excel
- Expert level understanding of actuarial concepts
- Expert level understanding of multiple actuarial areas
- Expert level understanding of at least one business segment
- Ability to recommend a course of action based on 360 view of the business
- Ability to develop compelling written and oral presentations that clearly drive the delivery of information for high-level decision making
- Ability to determine strategies to develop and improve key relationships in the areas and with external areas
- Ability to determine all areas where key relationships should exist
- Ability to direct the work of a team of actuaries and possibly non-actuaries
- Ability to manage long term projects and work streams
- Ability to set the strategy for success in the area
- Ability to manage and develop a team of Managers and potentially some analysts
- Ability to support, guide and prepare managers for difficult conversations with staff
- Ability to drive and demonstrate a continuous improvement culture in the department
- Ability to oversee the annual budget and allocate resources for various projects and operational needs
- Ability to translate needs and initiatives into compelling business cases
- Ability to conduct cost-benefit analyses to justify investments and ensure ROI
- This is a hybrid role, in office 3 days/week
Desired Qualifications
- Experience supporting Individual and Small Group health insurance products including level-funded products
- Knowledge of ACA market dynamics
- Knowledge of risk adjustment
- Knowledge of rate development
- Knowledge of product strategy
- Knowledge of regulatory requirements
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