Actuary

  • 36349
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Nov 29, 2019
Insurance
RESPONSIBILITIES
  • Plans and executes projects designed to meet group disability product development and pricing, objectives. 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.
  • Directs the rate development for new products and product modifications and directs re-rating activity. Develops rate assumptions and manages the development of rate scales and detailed rates.
  • 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 an opportunity to participate in recruiting college candidates for professional Actuarial positions and serve on Company committees in an actuarial adviser capacity.
  • 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.
  • 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.
  • 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.
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 or FSA 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.
  • Experience with group disability products.