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)
Overview:
Founded in 1995, SIGMA Actuarial Consulting Group, Inc. provides independent property and casualty actuarial consulting services to risk managers, brokers, captive managers, risk management consultants, TPAs, and CPAs. Our consulting services include all analyses necessary to ensure proper financial reporting and program funding. As our firm continues to grow, we are looking for an experienced actuarial analyst to join our team. As a key member of the SIGMA team, you will play a crucial role in supporting our actuarial consultants and senior actuaries by providing insightful analyses, strategic recommendations, and expertise in the property and casualty insurance space.
Key Qualifications:
Responsibilities:
As an Actuarial Analyst, you will assist both analytical and consultative aspects of our team, including but not limited to:
Why Join Us:
Compensation and Benefits:
Salary is commensurate with experience.
Benefits: Health coverage options with partial employee contribution are available.
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If you are a motivated and skilled analyst looking to make a significant impact in the property and casualty insurance space, we invite you to apply for this exciting opportunity.
To apply, please email your resume directly to support@sigmaactuary.com.