Actuarial Services Director jobs in Maine
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
Senior Actuarial Associate
- Sun Life Financial (U.S.) Services Company, Inc.
-
Portland, ME
FULL_TIME
- You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world. Job Description: Location: We support US flexible working arrangements in the contiguous 48 states. At Sun Life, we look for optimistic people who want to make life brighter for our Clients. We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work. Every day, you’ll be empowered and challenged by working with dynamic colleagues to find new and innovative ways to make Sun Life the best benefits company in America. The opportunity: The Segregated Fund and LTC Valuation team delivers valuation analysis, experience studies, assumption reviews, risk management and profitability management support for the in-force block of International Wealth and Run Off Reinsurance. We are seeking an Career ASA, Actuarial, or individual with equivalent experience (This position is not in student rotation program). The team is responsible for monthly and quarterly financial reporting including NAIC and IFRS reserves, capital, management risk reporting, OSFI regulatory reporting, supporting experience studies and developing and implementing assumption recommendations. In addition, the team supports business plan projections and participates in business initiatives. How you will contribute: Managing IFRS17 and NAIC monthly, quarterly, and annual reporting deliverables for the In Force Management (IFM) Seg. Fund and LTC block Responsible for managing in-force data process, which requires to build a structure and reconcile with various data sets from our Reinsurance partners Supporting reserve and capital calculation process by using actuarial software including PathWise, Python, and Moody’s AXIS (depending on projects) Responsible for forecast heads-ups and providing insight on the key drivers of income and capital Supporting annual disclosures in the Actuarial Opinion & Memorandum (AOM) and Appoint Actuary Report (AAR) Supporting Experience Studies and ACMA development and implementation including ACMA work coordination and communication with US Central Ownership of SOX processes and support for internal and external audits Partner with ALM, Corporate, and IFM Business in support of business initiatives for this block Leadership & Collaboration: Work in collaboration with IFM Business, Capital Management, Finance, Valuation, and other teams Contribute to building a high-performance team, providing leadership and coaching to actuarial students on the team The role may involve direct management of one or more actuarial students, including recruitment and evaluation of performance What you will bring with you: Ability to work with a diverse range of people Career ASA with relevant work experience 5 or more years of actuarial experience working in individual insurance/annuities products highly preferred. Bachelor’s degree in actuarial science, Mathematics, Statistics or another field requiring rigorous analysis Strong analytical & technical skills to identify and track performance drivers, detect patterns in results. Strong project management skills with a proven commitment to quality and meeting deadlines while handling multiple priorities. Strong communication, interpersonal and influencing skills. Strong initiative and drive for results Ability to apply advanced financial concepts and capabilities across business processes. Strong business knowledge and awareness to facilitate effective working relationships with the business areas. Do you see yourself in this role even if you haven’t checked all the boxes above? We welcome all talented candidates and are committed to a culture that represents diversity in all forms. If you think you might thrive in this setting, we would love to hear from you. Not ready to apply yet but want to stay in touch? Join our talent community to stay connected until the time is right for you! Life is brighter when you work at Sun Life Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account A flexible work environment with a friendly, caring, collaborative and inclusive culture Great Place to Work® Certified in Canada and the U.S. Named as a “Top 10” employer by the Boston Globe's “Top Places to Work” two years running All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. If you are a California resident, the salary range for this position is: Southern region: $107,400 - $161,100 annually Central region: $113,300 - $170,000 annually Northern region: $121,100 - $181,700 annually If you are a Colorado or Nevada resident, the salary range for this position is $102,600 - $153,900 annually. If you are a Connecticut or Maryland resident, the salary range for this position is $107,400 - $161,100 annually If you are Washington or Rhode Island resident, the salary range for this position is $113,300 - $170,000 annually. If you are a New York resident, the salary range for this position is $121,100 - $181,700 annually. We consider various factors in determining actual pay including your skills, qualifications, and experience. In addition to salary, this position is eligible for incentive awards based on individual and business performance as well as a broad range of competitive benefits. Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter -for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more. At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs. #LI-remote Our Affirmative Action Program affirms our commitment to make reasonable accommodation to the known physical or mental limitation of otherwise-qualified individuals with disabilities or special disabled veterans, unless the accommodation would impose an undue hardship on the operation of our business. Please email recruitingUS@sunlife.com to request an accommodation. At Sun Life we strive to create a flexible work environment where our employees are empowered to do their best work. Several flexible work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs. For applicants residing in California, please read our employee California Privacy Policy and Notice. Job Category: Para Actuarial Posting End Date: 18/07/2024 All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Shine together At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed. Make life brighter We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world. Shape the future With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter. Join a top employer for a brighter future. Visit Sun Life Careers
- 10 Days Ago
Director of Clinical Services
- Alternative Wellness Services
-
Biddeford, ME
FULL_TIME
- Location: Biddeford, ME (with regular travel to other AWS sites)About Us:Alternative Wellness Services (AWS) is a dynamic and growing organization dedicated toproviding exceptional behavioral health s...
- 3 Days Ago
Director, Volunteer Services
- Friends In Action
-
Ellsworth, ME
VOLUNTEER
- About us Friends In Action is a Charitable Corporation in Ellsworth, ME. Our goal is to Empower older residents and residents living with a disability to live independently and thrive with dignity and...
- 3 Days Ago
Social Services Director
- Genesis
-
Belfast, ME
OTHER
- Join our team as Director of Social Services and foster an environment within the nursing center that enables our patients/residents to maximize their well-being and overall quality of life by creatin...
- 3 Days Ago
Social Services Director
- Genesis HealthCare | Sandy River Center - Farmington, ME
-
Farmington, ME
FULL_TIME
- Join our team as Director of Social Services and foster an environment within the nursing center that enables our patients/residents to maximize their well-being and overall quality of life by creatin...
- 3 Days Ago
Social Services Director
- River Ridge Living Center
-
Biddeford, ME
FULL_TIME
- SEEKING FULL-TIME LCSW AT RIVER RIDGE CENTERJoin our team as Director of Social Services and foster an environment within the nursing center that enables our patients/residents to maximize their well-...
- 3 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 Maine
To the south and east is the Atlantic Ocean and to the north and northeast is New Brunswick, a province of Canada. The Canadian province of Quebec is to the northwest. Maine is both the northernmost state in New England and the largest, accounting for almost half of the region's entire land area. Maine is the only state in the continental US to border only one other American state (New Hampshire to the South and West).
Maine is the easternmost state in the United States in both its extreme points and its geographic center. The town of Lubec is the easternmost organized settlement in the United...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$288,381 to $405,116
Most Popular Cities in Maine 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