AVP Actuary

  • 35676
  • Life - Actuarial
  • |
  • California, United States
  • |
  • Aug 21, 2019
  • Lead Aggregate Insurance Risk activities providing a consolidated and consistent view of the enterprise’s insurance risk exposure and related risk controls.
  • Includes ownership of the Enterprise Insurance Risk Policy and Insurance Risk Management Framework to maintain consistency with overall ERM objectives and to evolve reflecting the company’s growth and changing business mix.
  • Provide second-line effective challenge and oversight of major product development activities and large transaction / M&A pricing assumptions.
  • Balance the need for providing effective challenge and oversight while being a trusted and valued partner to stakeholders.
  • Oversee the development of and recommend key centrally-established assumptions such as US future mortality improvement and US economic capital stresses and correlations for key insurance risks.
  • Chair the Insurance Risk Working Group consisting of senior actuarial officers to facilitate collaboration, challenge, and consensus-building on wide-ranging insurance risk and research topics.
  • Report at least annually to Enterprise Risk Committee on IRMF activities and current topics and oversee periodic reporting to ERC, Board committees, rating agencies, and regulators.
  • Oversee the design and execution of research that connects the intellectual capital gained to develop tools and consulting services that offer strategic or operational value and data-driven insights to the divisions and ERM.
  • Design predictive analytics or more traditional tools as appropriate to enhance division and ERM assumption development processes, along the spectrum from best estimate to tail risk measures.
  • Promote the consistent application of best-in-class methodologies and tools across the organization related to insurance assumption analysis and development.
  • Provide expertise within division/corporate innovation or leadership teams on the impact of emerging demographic trends, medical advances, or data/technology developments on innovation strategy.
  • Assess talent needs to support the scope of risk and prioritized R&D activities, and recruit and build a small team consistent with that assessment. You will also be able to leverage the expertise of Global R&D unit and shared ERM resources.
  • Fellow of the Society of Actuaries or similar organization.
  • At least 10 to 15 years of responsible actuarial experience with pricing, reinsurance, and/or experience study responsibilities preferred.
  • Demonstrated expertise in mortality analysis and assumption setting.
  • Theoretical and practical knowledge and experience with advanced statistical and predictive analytics techniques, credibility theory, and numerical methods.
  • Skilled with and can oversee teams utilizing a variety of software tools appropriate to research demands.
  • Communicates and presents effectively, manages ambiguity, exhibits courage, can work effectively with and influence different levels of the organization and across business lines.