Chief Actuary

  • 34213
  • Life - Actuarial
  • |
  • Pennsylvania, United States
  • |
  • 6 days ago
Insurance
RESPONSIBILITIES
  • - Lead the Actuarial Function.
  • Accountable for setting goals, priorities, and norms.
  • Responsible for monitoring and managing performance.
  • Develop staff, assess area, and ensure that appropriate resources are available.
  • Lead the continual development of the team of risk management professionals including actuaries as well as non-actuaries.
  • Accountable for developing budgets and managing spending.
  • Responsible for ensuring that corporate standards and procedures are followed. Ensure that adequate internal controls are adhered to.
  • Responsible either directly or through subordinate staff for providing support and advice to senior management, Product Management & Development, Sales, and to other areas of Finance
  • Accountable for the development and oversight of IBNR.
  • Oversee development of monthly triangles by major medical expense line.
  • Responsible for the monthly IBNR packet reviewed with CFO and CEO as part of monthly close process.
  • Responsible for providing support for monthly product review meetings.
  • Responsible for selection and oversight of external appointed actuary.
  • Accountable for interactions with all States regarding actuarial information.
  • Leads the Actuarial support for product development.
  • Accountable for overseeing regulatory filings.
  • Oversees the actuarial function for the Medicare bid process.
  • Accountable for coordinating the development and maintenance of pricing and risk management policies and the development of actuarial modeling for new State offerings and products.
  • Other duties as assigned or requested.
QUALIFICATIONS
  • Bachelor’s degree in Mathematics, Economics, Actuarial Science.
  • Seven years of healthcare pricing experience.
  • Designation as ASA and Membership in the American Academy of Actuaries is required.
  • Designation as Fellow of the Society of Actuaries or a minimum of ten years of experience in the Actuarial field.
  • Five years’ managerial experience at the Director level.
  • Underwriting experience.