Director, Actuarial Science

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