Actuarial Director, Long Term Care

  • 36754
  • Life - Actuarial
  • |
  • Nebraska, United States
  • |
  • Feb 7, 2020
Insurance
RESPONSIBILITIES
  • Plans, staffs, directs and controls team activities, including all personnel management functions for assigned staff.
  • Trains and develops staff, including both experienced actuaries as well as actuarial students.
  • Develops modeling, valuation and assumption strategies and initiatives including:
  • Oversees development of Long-Term Care Valuation and Projection models.
  • Assesses experience and recommends assumptions used in models, reserve calculations and other analysis.
  • Stays informed on relevant modeling, valuation and risk assessment practices.
  • Peer reviews actuarial work of others as needed.
  • Supports enterprise modeling and platform initiatives, specific to the Long -Term Care product line.
  • Stays abreast of industry trends, regulations and other relevant topics related to Long-Term Care products and financial reporting.
  • Owns, directs and continually improves processes and analysis of routinely report results. Communicates results and trends effectively with technical and non-technical audiences.
  • Collaborates across functions on assumption development strategies, product profitability and strategic direction for the Long-Term Care book.
  • Works with internal and cross functional stakeholders to improve processes, analysis and product understanding in the most efficient manner.
  • Partners with Pricing, Claims, and Financial Planning associates to understand and explain emerging trends and form recommendations regarding product management actions.
  • Assists in the formation and execution of enterprise-wide initiatives to optimize company's risk/return position, including operational and strategic goals.
  • Provides risk monitoring of Company risk tolerances and checkpoints. Provides risk analysis for various Risk Committees as warranted. Develops recommendations for changes as necessary.
  • Supports other enterprise risk initiatives including model risk management and assumption governance best practices.
QUALIFICATIONS
  • Fellowship in the Society of Actuaries, plus relevant experience.
  • Ability to incorporate actuarial expertise with the creativity necessary to identify opportunities to either lower risk or increase return.
  • 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.
  • Creativity, awareness of emerging environmental and industry trends, and strong problem solving abilities using business oriented solutions.