Director, Actuarial Science
- Req. Number: R5857
- Location: Remote
- Posted Date: 2/26/2023
Job Summary:
Director, Actuarial Science is responsible for managing one or more functions in the Actuarial Department. This position is responsible for evaluating & Recommending Marketplace growth opportunities to Senior Management.
Essential Functions:
- Evaluate and recommend Marketplace growth opportunities to Senior Management.
- Lead and support development and execution of go-to-market strategies associated with Marketplace growth opportunities.
- Accountable for the high quality output from the functional areas of responsibility, examples include IBNR, rate advocacy, forecasting/budgeting, accrual development, financial risk modeling and bid development
- Expected to understand and be able to explain how accruals or changes in IBNR impacts financial statements
- Lead a team of actuaries ensuring compliance with applicable Actuarial Standards of Practice and supporting their training and personal development
- Develop the strategy and guide teams in the development of multiple internal statistical models to support key business goals / initiatives; bid pricing models, financial projections, contract modeling, ad hoc support projects
- Ensure internal stakeholders are held accountable for actuarial function requests supporting key assumptions to be used throughout Finance and the broader organization
- Proactively identify and influence at Senior Management levels Actuarial concepts / business drivers to support interactions with federal level and state level regulators
- On request, lead new business projects for the business development team at the Senior Management level
- Responsible for the integrity of all federal or state rate filing requirements as necessary
- Identify and lead opportunities across multiple functions within the organization where the actuarial team can drive completion of corporate goals
- Coordinate with key stakeholder partners within Finance to reduce duplication of work and foster sharing of knowledge and ideas
- Oversee effectiveness of mentorship programs for analysts
- Strategic planning focuses on one to two year range
- Responsible for development of tactical plans and goals for functional area, accountable for problem solving and decisions that impact for the functional area
- Perform any other job duties as requested
Education and Experience:
- Bachelor's degree in actuarial science, mathematics, economics or a related field is required
- Minimum of ten (10) years of decision support, financial analysis, or actuarial experience is required
- Minimum of three (3) years of management experience is required
- Strong database (SAS or Access) experience is preferred
- Managed Care or healthcare experience is preferred
Competencies, Knowledge and Skills:
- Expert proficiency with Microsoft Suite to include Excel, Word, Power Point and Outlook
- Ability to effectively report data, analyze facts, and exercise sound business judgment when making recommendations
- Ability to identify and analyze problems, draw conclusions, develop and lead processes and communicate status and results
- Excellent written and verbal communication skills
- Ability to interact with all levels of management as well as external stakeholders
- Ability to lead audits of data and models
- Ability to work independently and within a team environment
- Strong interpersonal skills and high level of professionalism
- Strong problem-solving skills and attention to detail
- Strong listening and critical thinking skills
- Advanced knowledge of SQL, SAS, R, or other data manipulation software is preferred
Licensure and Certification:
- Active Associate of the Society of Actuaries (ASA) designation is required; Fellow of the Society of Actuaries (FSA) designation is preferred
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time