Senior Director, Actuarial Science

Job Summary:

The Senior Director, Actuarial Science is responsible for setting the strategic direction, driving innovation and producing key insights for the organization that drive company performance.

Essential Functions: Accountable for pricing, forecasting, month-end close activities and performance monitoring and explanations; includes development of key processes and assumptions, accruals and evaluation of financial experience and trend drivers including comparisons to budget and reforecast. Develop activities to improve efficiency and affordability.

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.

Accountable 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.

Oversee effectiveness of mentorship programs for analysts.

Remain current, be able to explain and understand business impacts of all pertinent industry developments, including but not limited to, federal and state regulations and sub-regulatory guidance.

Recommends and operationalizes strategies that have direct impact on the achievement of functional strategies.

Understand and explain the financial drivers for owned product/market, including IBNR and other accruals.

Engage with federal and state trade associations, regulators, and other external stakeholders on policy and legislative matters, providing actuarial perspective to inform advocacy, regulatory interpretation, and business positioning

Provide actuarial expertise to internal business, government affairs, compliance, legal, and other teams on proposed policy, legislation, regulations, and sub-regulatory guidance; support the development of organizational feedback, comments, and other responses that reflect financial, operational, and actuarial considerations

Perform any other job related duties as requested.

• Education and Experience: Bachelor's degree in actuarial science, mathematics, economics or a related field required
• Ten (10) years of decision support, financial analysis, or actuarial experience preferred
• Five (5) years of management experience preferred
• Strong database (SAS or Access) experience preferred
• Managed Care or healthcare experience preferred
• Competencies, Knowledge and Skills: Excellent written and verbal communication skills
• Excellent listening and critical thinking skills
• Strong interpersonal skills and high level of professionalism
• Ability to manage, develop, and motivate staff
• Ability to interact with all levels of management as well as external stakeholders
• Excellent problem-solving skills and attention to detail
• 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
• Expert proficiency with Microsoft Suite to include Excel, Word, Power Point and Outlook
• Advanced knowledge of SQL, SAS, R, or other data manipulation software is preferred
• Licensure and Certification: Associate of the Society of Actuaries (ASA) required
• Fellow of the Society of Actuaries (FSA) preferred
• Working Conditions: General office environment; may be required to sit or stand for extended periods of time
• Up to 15% (occasional) travel based on the needs of the department may be required