Actuary - Product Performance Director - Indivi

  • 33192
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Nov 28, 2017
Insurance Organization
  • Plans, staffs, directs and controls department activities, including all personnel management functions such as budgeting for and controlling expenses, long and short range planning, interviewing and selecting applicants, training and development, work direction, appraising performance, administering salaries, transfers and promotions, and ensuring compliance with Corporate Affirmative Action guidelines.
  • Identifies and investigates profit and financial problems and opportunities as they relate to individual Term Life Insurance to contribute to achievement of risk adjusted revenue and product line profitability goals with minimum adverse effect on third parties.
  • Develops actuarial assumptions while valuing or projecting various product lines. Coordinate the design and development of new individual Term Life Insurance products that satisfy marketing objectives and are actuarially sound to support short and long-term profit objectives of the Company.
  • Directs monitoring and financial analysis of product line profitability (GAAP, value-added, statutory, etc.) as a result of the implementation of product pricing strategies for individual Term Life Insurance.
  • Provides actuarial support to the individual life product lines and continually assess product line ability as they respond to new challenges brought about by a new pending regulatory environment, including state and federal reform.
  • Remains current on new life insurance products, procedures and regulatory reforms by actively participating in industry professional groups and various Company and state-sponsored committees.
  • This position requires sitting over 66% of the time.
  • This position requires Visual Acuity at 20 inches (or less) over 66% of the time.
  • This position may require up to 10-15% travel.
  • Fellowship in the Society of Actuaries (FSA), plus a thorough actuarial background.
  • Ability to incorporate actuarial expertise with the creativity necessary to effectively design and critique new products.
  • Knowledge of insurance products, pricing and marketing philosophies and objectives, risk management, and a broad background in the operations of insurance companies.
  • Leadership, communication and human relations skills.
  • Creativity, awareness of emerging environmental and industry trends, and strong problem solving abilities using business oriented solutions.