Actuarial Services Director jobs in Massachusetts
Actuarial Services Director directs the activities of an organization's actuarial function. Oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Being an Actuarial Services Director develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Designs processes and guidelines to ensure regulatory compliance of products and financial operations. Additionally, Actuarial Services Director leads the design and development of insurance products by evaluating and approving insurance rates, premium levels, and rating systems and structures. Oversees the preparation of actuarial reports, financial statements, and regulatory filings and develops financial budgets, forecasts, and other financial projections. Researches and selects major rating assumptions to support accurate statistical analysis and evaluates the effectiveness of existing formulas. Evaluates product performance against established profitability targets and recommends modifications. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Services Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Actuarial Services Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Recently Added Actuarial Services Director jobs
Actuarial Director - CL (REMOTE)
- The Hanover Insurance Group
-
Worcester, MA
FULL_TIME
- Our Commercial Lines Actuarial department is seeking an Actuarial Director for Commercial Auto to join our growing team in Worcester, MA Corporate Headquarters, or remote work location. POSITION SUMMARY: The Actuarial Director role is responsible for managing a team of pricing actuaries focused on the Commercial Auto line of business, reporting directly to the Assistant Vice President Actuary of Commercial Auto and Worker’s Compensation. The Commercial Auto book is over $300 Million and is one of the most profitability challenged lines in the industry, requiring an innovative, analytical, and business-oriented actuarial approach. The Actuarial Director of the auto line provides overall management and technical oversight to a team of analysts with varying degrees of experience, as well as being expected to complete their own hands-on assignments. The manager partners with other actuaries and business/field leaders to support profitable growth across the commercial organization. Direct responsibilities include managing rate reviews with an eye towards process improvement, forecasting IBNR and analyzing trend, and leveraging predictive analytics to implement and monitor a new product. This is a Full-time, Exempt role. WHAT YOU’LL DO: Manage and lead a team of actuarial analysts, ensuring execution of deliverables along side professional development and growth of team Owns and is accountable for executing state rate reviews Is responsible for actuarial ratemaking assumptions such as IBNR forecasting and loss trend analysis Monitors profitability and communicates trends to executive leadership Seeks continuous review and improvement of operations and managing unanticipated situations Leverages predictive analytics to implement and monitor new auto product Partners with field and business leaders across the Commercial organization to build credibility of actuarial department and consult on strategic direction Ability to influence and negotiate the appropriate actions to support strategic goals of the organization Capable of testifying at a rate hearing if necessary Responsible for communicating results/issues to upper level management Responsible for performance and compensation management for team May lead or participate in community recruiting and/or training activities WHAT YOU NEED TO APPLY: Bachelor’s Degree or higher in a relevant technical field Seven years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics. Experience with predictive modeling preferred Minimum of 2 years in management capacity ACAS required, FCAS preferred Advanced communication skills Advanced skills using Microsoft Office, including Excel Intermediate programming skills, including the ability to develop and automate processes Demonstrated knowledge of all techniques used to model various assumptions Able to apply and interpret company policies and procedures Able to direct activities of others, motivate and develop staff Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals. Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships. Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards. Talent Management - Proactively fosters building, mobilizing and evaluating the organizations' human assets. Establishes performance goals and measures in order to accomplish organizational goals. Authorizes individuals to take initiative and make expedient, practical decisions that impact the performance or success of an event or project. Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Supports continual development of staff through assignments, coaching, and training. Business Enterprise Knowledge - Understands how one's own function adds value to the organization and to customers. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals, reflecting an awareness of external dynamics. Demonstrates awareness by providing clear explanations for actions taken relative to customer requirements, needs, and industry trends. Strategic Thinking - Examines issues and plans with a long-term perspective. Able to critically evaluate external and internal factors. Change Management - Designs and transforms an organization based on assumptions of human capability and resiliency. Understands the basic human patterns that operate during change, and effectively focuses the organization's capability on an effective transformation. Focuses and energizes a group to accomplish change together and holds them accountable to common goals. Decisiveness - Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Determines appropriate options based on the situation.
- 25 Days Ago
AVP, Actuarial Modeling
- Global Atlantic Financial Group - Actuarial Opportunities
-
Boston, MA
FULL_TIME
- POSITION OVERVIEW The position is on the Actuarial Modeling team at Global Atlantic’s Boston office, reporting to the Head of Model Development. While Boston is the preferred location, other Global At...
- 30 Days Ago
Director, Internal Audit Actuarial and Risk -- Remote | WFH
- Get It Recruit - Finance
-
Wellesley Hills, MA
FULL_TIME
- About UsAt our company, we value individuality, diverse perspectives, and authenticity. We believe in empowering our employees to reach their full potential in a supportive and challenging environment...
- 13 Days Ago
ASSISTANT FOOD SERVICES DIRECTOR
- Food Services
-
Brookline, MA
FULL_TIME
- JOB TITLE: ASSISTANT FOOD SERVICES DIRECTOR DATE REVISED: June 2024 REPORTS TO: Director of Food Services POSITION TYPE: Exempt, Non-Aligned, Salary, 12 months, Full Time SALARY RANGE: $85, 000 - $95,...
- Just Posted
Director, Client Services Education
- C&W Services
-
Needham, MA
FULL_TIME
- Job TitleDirector, Client Services EducationJob Description SummaryThe Director, Client Services Education reports to the Vice President. Directly supervises Operations Managers, and/or Facility Manag...
- 10 Days Ago
Executive Director, Strategy
- 10001113 - Senior Director Marketing
-
Waltham, MA
FULL_TIME
- Executive Director, Strategy Location: Gaithersburg or Waltham, US or London UK Do you have a strategic mindset, analytical rigor, and people leadership that enables you to deliver positive outcomes o...
- 20 Days Ago
Actuarial Services Director jobs at Popular Companies
Pricing Actuary / Actuarial Director, Pricing - Chicago, IL / New York, NY / Hybrid
- DW Simpson
-
Chicago, IL
- Grown as much as you can in your current role? Take this opportunity to expand your skill set and gain new responsibilit...
- 7/6/2024 12:00:00 AM
Actuarial Director, Pricing - Chicago, IL / Hybrid
- D.W. Simpson
-
Chicago, IL
- Grown as much as you can in your current role? Take this opportunity to expand your skill set and gain new responsibilit...
- 6/11/2024 12:00:00 AM
Actuarial Director, Pricing (Hybrid #55227)
- DW Simpson Global Actuarial & Analytics Recruitment
-
Chicago, IL
- Actuarial Director, Pricing Chicago, IL / Hybrid Grown as much as you can in your current role? Take this opportunity to...
- 6/10/2024 12:00:00 AM
Remote Actuary Services Director (Medicare)
- ClientSolv Technologies
-
Englewood, CO
- Company Description ClientSolv Technologies is an IT solution firm with over a decade of experience serving Fortune 1000...
- 6/10/2024 12:00:00 AM
Actuarial Director
- JCW
-
- JCW is currently recruiting on behalf of a leading governmental insurance carrier in their search for an experienced res...
- 6/9/2024 12:00:00 AM
Senior Underwriter, Public Entities
- Liberty Mutual
-
Chicago, IL
- Pay Philosophy The typical starting salary range for this role is determined by a number of factors including skills, ex...
- 6/9/2024 12:00:00 AM
Actuarial Director - Enterprise Risk Management
- Securian Financial
-
Saint Paul, MN
- Position Summary: This position will provide leadership to our Enterprise Risk Management Actuarial function.? This will...
- 6/8/2024 12:00:00 AM
Senior Underwriter, Life Sciences
- Liberty Mutual
-
Boston, MA
- Pay Philosophy The typical starting salary range for this role is determined by a number of factors including skills, ex...
- 6/8/2024 12:00:00 AM
About Massachusetts
Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River.
Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$322,466 to $452,997
Most Popular Cities in Massachusetts for Actuarial Services Director Jobs
What does an Actuarial Services Director do?
Actuarial Services Director in Racine, WI
Ensures that the Actuarial Department provides excellent services to various internal and external clients in the areas of pricing, reserving, forecasting, benefits and product development, provider relations/contracting, underwriting, and compliance.
January 23, 2020
Actuarial Services Director in Huntington, NY
If your organization includes a captive agency, actuarial services are a vital piece of your effectiveness and long-term viability.
December 19, 2019
Actuarial Services Director in Lancaster, PA
Join this team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as leading edge services such as financial reporting and measurement, financial risk management, modelling, hedging, reinsurance, securitization, economic capital and solvency.
December 20, 2019