Actuary

  • 34545
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Jan 18, 2019
Insurance
RESPONSIBILITIES
  • Directs and manages the development of new product rates and re-rating activity, the determination of the impact on premiums and/or profits of various product proposals, and both long and short term experience studies to be completed in a timely manner and providing useful results.
  • Develops rate assumptions and manages the development of rate scales and detailed rates.
  • Participates in the initial viability assessment for new product ideas and modifications, including preliminary pricing.
  • Reviews product specifications and estimate cost and schedule.
  • Consults competitive research to balance pricing/competitive issues.
  • Manages the development of financial projections and develops detailed financial projections for new and existing products.
  • Directs financial impact assessment activities related to compliance changes and other environmental factors impacting the product or product grouping.
  • Prepares actuarial memoranda for filing with state insurance departments.
  • Plans and executes projects designed to meet specified product development, pricing, projection, and financial or risk management objectives.
  • Provides recommendations to management based on analysis of financial and non-financial data regarding trends and indicators of the product or product grouping.
  • Analyzes experience and provides reserve recommendations for claim reserves where needed.
  • Risk Management; Identifies and assesses risk in actuarial responsibilities.
  • Complies with actuarial standards of practice, precepts and enterprise risk management responsibilities.
  • Supports enterprise wide risk management initiatives.
  • Develops improvements to actuarial models, methods, procedures, and systems and keeps abreast of legislative and other changes to determine their effect on assumptions and formulas.
  • May have direct reports and engage in human resource management functions such as coaching, performing appraisals, and handling other HR administrative tasks.
  • May review the work of actuarial students in the execution of specific projects or tasks.
  • May have an opportunity to participate in recruiting college candidates for professional Actuarial positions and serve on Company committees in an actuarial adviser capacity.
QUALIFICATIONS
  • Thorough actuarial background, as well as thorough background in Actuarial Science, Math, Statistics, Economics and/or Computer Science.
  • Seasoned knowledge of advanced actuarial assumptions and formulae and in-depth knowledge and understanding of actuarial and statistical sciences, economics, or computer sciences.
  • Aptitude for statistical interpretation, a strong knowledge of advanced actuarial assumptions and formulae and accounting practices.
  • Attainment of ASA designation.
  • Thorough financial background.
  • Extensive experience in the development and presentation of financial reports.
  • Excellent human relations and oral and written communication skills, analytical and decision-making abilities, and sound judgment.
  • Product and industry knowledge.