The Manager Actuarial is responsible for overseeing assigned actuarial staff and projects; for hiring and training actuarial staff; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales; assisting senior management decision makers by providing specialized reports and analysis of data on both a routine and ad hoc basis; and is accountable for developing employees, preparing rate filings, providing actuarial support for financial forecasts, and monitoring financial results.
RESPONSIBILITIES:
Supervise entry-level and mid-level actuarial staff.
Prepare rate filings for large group, small group, direct pay, or senior products.
Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business. Ensure that all strategies are in compliance with rate filings and applicable regulations.
Provide advanced support for the claim reserve process.
Provide assistance and risk management to the Product Management and Development area for pricing development of new products. Ensure that all new products are financially viable and stable.
Determine underlying factors impacting pure premium trends for various products and regions. Monitor trends for use in rating. Identify any shifts in trend and take appropriate pricing actions.
Qualifications:
5 years in the Actuarial field
2 years in a management role or leading teams
Associate of Society of Actuaries (ASA)
Pursuing Fellowship of Society of Actuaries (FSA)