Financial Actuarial Director (Risk Management)

  • 33206
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Jan 4, 2018
Insurance Organization
RESPONSIBILITIES
  • Plans, staffs, directs and controls department activities, including all personnel management functions for assigned staff.
  • Develops risk assessment strategies and initiatives.
  • Develops or oversees development of models for risk analysis.
  • Stays informed on relevant risk assessment practices.
  • Ensures that all financial risks relevant to the business are aggregated at an enterprise level and that business areas have mitigation and contingency plans in place.
  • Develops processes to routinely report financial and insurance risk results. Communicates results and trends effectively with technical and non-technical audiences.
  • Peer reviews actuarial work of others as needed.
  • Assists in the formation of enterprise-wide initiatives to optimize companies risk/return position reflecting changes in economic conditions.
  • Provides risk monitoring of companies risk tolerances and checkpoints. Provides risk analysis for various Risk Committees and develops recommendations for changes as necessary.
  • Develops and administers a consistent and coordinated process to identify, assess, measure and monitor financial and insurance risks.
  • Conducts new product risk reviews and embeds risk assessment expectations in business units
  • Develops recommendations to align risk management processes with principles, policies, standards and tolerances. Obtains senior management approval of recommendations.
  • Coordinates the development of the risk management strategy, financial risk management framework, principles, policies, standards and tolerances for approval by senior management and the Board of Directors.
  • Monitors risk management developments and best practices within both the at-large business community and the financial services industry. Provides education and information to management and associates regarding risk management principles, policies, standards, processes, etc.
  • Develops and maintains an engaged and accountable workforce.
  • Develops and maintains a fair and equitable working environment.
QUALIFICATIONS
  • Fellow of the Society of Actuaries (FSA), plus relevant experience.
  • Chartered Enterprise Risk Analyst (CERA) Preferred
  • 5+ years of Enterprise Risk, Audit, or Financial Risk experience in a significant leadership role with proven ability to engage with executive management.
  • Ability to incorporate actuarial expertise with the creativity necessary to identify opportunities to either lower risk (with no loss of return) or increase return (with no increase in risk).
  • Knowledge of insurance products and investments, banking products and asset characteristics, and stochastic modeling techniques.
  • Knowledge of applicable valuation techniques and requirements.
  • Good business judgment to identify experience trends and issues requiring modification in standard approaches or need to elevate risk concerns.
  • Leadership, communication and human relations skills.