Actuarial Services Director jobs in California

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)

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Director Actuarial Services-Products
  • IEHP
  • Rancho Cucamonga, CA FULL_TIME
  • Education & Experience

    • Minimum ten (10) years of actuarial experience in Health Care industry
    • Proven strategy actuarial or analytic leadership experience in working with cross-functional teams
    • Data analysis experience in a healthcare setting
    • Five (5) years of managing experience is required
    • Bachelor’s degree in Actuarial Sciences, Statistics, Finance, Mathematics, or related field from an accredited institution is required
    • Hybrid role. California resident or those looking to relocate to the Inland Empire encouraged to apply


    This Director is responsible for pricing, performance management, and forecasting for IEHP’s Medicare and Commercial (i.e., Covered CA) line of business. This includes, but not limited to, the development of product analytics to define and measure the financial performance and providing actuarial support to other business units for the two lines of business. This position collaborates with other IEHP business units in planning and developing strategies to maximize the financial performance. This leader will oversee credential actuaries and actuarial team members to support the department functions, in addition to collaboration with, inter-departments to ensure member needs are met while simultaneously building strong peer relationships.


    Major Functions (Duties and Responsibilities)


    1. Lead development of pricing, experience analysis, and financial forecast modeling for all lines of business.

    2. Develop product analytics to define and measure financial performance.

    3. Lead actuarial function on Medi-Cal Rate Development Template (RDT) support and other state date requests.

    4. Perform Medi-Cal revenue rate analysis and serve as Subject Matter Expert (SME) for Medi-Cal rate advocacy.

    5. Oversees development for Medicare bids, regulatory rate filings and other required regulatory submissions for the assigned lines of business.

    6. Collaborate with IEHP business units in planning and developing strategies to maximize the financial performance.

    7. Communicate clearly and present appropriate level of information to senior leaders.

    8. Research, evaluate and analyze the market landscape for the assigned lines of business.

    9. Lead a team of analysts to ensure cohesive team culture and effective collaboration with other business units.

    10. Manage the respective actuarial service unit including recruiting, training, and coaching Team Members.


    Commitment to Quality: The IEHP Team is committed to incorporate IEHP’s Quality Program goals including, but not limited to, HEDIS, CAHPS, and NCQA Accreditation.

  • Just Posted

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Director, Actuarial Services - Products
  • IEHP
  • Rancho Cucamonga, CA FULL_TIME
  • What you can expect! Find joy in serving others with IEHP! We welcome you to join us in “healing and inspiring the human spirit” and to pivot from a “job” opportunity to an authentic experience!This D...
  • 1 Day Ago

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Director, Actuarial Services - Products
  • Inland Empire Health Plan
  • Rancho Cucamonga, CA FULL_TIME
  • Overview What you can expect! Find joy in serving others with IEHP! We welcome you to join us in “healing and inspiring the human spirit” and to pivot from a “job” opportunity to an authentic experien...
  • 30 Days Ago

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Executive Director, Actuarial Services-Medicare
  • Kaiser Permanente
  • Oakland, CA OTHER
  • Job Summary:Manage actuarial expertise to support the Medicare LOB in Shared Services and Kaiser Permanente Regions. This position plays a vital role in support of actuarial methods and resources that...
  • 1 Month Ago

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Manager, Actuarial Services
  • Kaiser Permanente
  • Oakland, CA OTHER
  • Job Summary: This managing level employee is primarily responsible for developing and providing recommendations on avoiding financial risk to the organization, leading the completion of actuarial docu...
  • 1 Month Ago

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Analyst II - Actuarial Services
  • Inland Empire Health Plan
  • Rancho Cucamonga, CA FULL_TIME
  • Overview What you can expect! Find joy in serving others with IEHP! We welcome you to join us in “healing and inspiring the human spirit” and to pivot from a “job” opportunity to an authentic experien...
  • 1 Month Ago

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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

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Pricing Actuary / Actuarial Director, Pricing - Chicago, IL / New York, NY / 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

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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

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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

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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

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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

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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

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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

California is a state in the Pacific Region of the United States. With 39.6 million residents, California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second and fifth most populous urban regions, with 18.7 million and 9.7 million residents respectively. Los Angeles is California's most populous city, and the country's second most populous, after New York City. California also has the nation's most populous county, Los Angeles County, and its largest county by area, S...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$326,911 to $459,243

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