Actuarial Services Director jobs in New Haven, CT
Actuarial Services Director directs the activities of an organization's actuarial function. Oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Being an Actuarial Services Director develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Designs processes and guidelines to ensure regulatory compliance of products and financial operations. Additionally, Actuarial Services Director leads the design and development of insurance products by evaluating and approving insurance rates, premium levels, and rating systems and structures. Oversees the preparation of actuarial reports, financial statements, and regulatory filings and develops financial budgets, forecasts, and other financial projections. Researches and selects major rating assumptions to support accurate statistical analysis and evaluates the effectiveness of existing formulas. Evaluates product performance against established profitability targets and recommends modifications. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Services Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Actuarial Services Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Recently Added Actuarial Services Director jobs
- The Cimino Group
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New Haven, CT
FULL_TIME
-
Location
Greater New Haven, CTActuarial Associate
Summary
The Actuarial Associate assists with a variety of actuarial tasks including product development, in-force product management, assumption development, experience studies (i.e., mortality, lapse, etc.), policy illustrations, and various policy values calculations (i.e., cash values, reserves, dividends, and premiums). For those on Exam-Track, the position is subject to the provisions outlined in the “Actuarial Student Program Manual”. Expected to take a more proactive leadership role.
Core Responsibilities
- Pricing new and in-force life insurance and annuity products (e.g., premiums, dividend scales, reserves, credited rates and non-forfeiture values for new and existing plans of insurance).
- May assist with new pricing and/or analysis of in-force Long Term Care insurance products.
- Performs experience studies and other actuarial/statistical analysis.
- Provide support for new product implementations, including specifications and creation of validation tools.
- Provides support to agents and policyholders, including performing policy calculations, answering questions, and communicating information.
- Provides manual calculation support to the administrative system.
- Preparing actuarial filing materials for new insurance, annuity products and certifications required by regulators.
- Uses modeling software to assess risk and provide management information in support of product development and in-force product management.
- IF ON EXAM TRACK: prepares and sits for actuarial exams. Passes exams to meet minimum Program requirements for exam progress.
Skills Qualifications
- Knowledge of insurance industry. Experience with life insurance and/or annuity products.
- Insurance or annuity pricing experience is a plus.
- Experience with Participating Whole Life or Deferred Annuities products is a plus.
- Foundational background in Actuarial principles.
- Ability to quickly learn new concepts and apply that knowledge to solve problems.
- Strong communication skills and business judgment.
- At or near ASA designation preferred.
- Actuarial modeling software skills. Experience with GGY AXIS preferred.
- Computer programming skills. Experience with Excel macros/VBA programming and SQL preferred.
- Experience with life insurance administration and illustration platforms is a plus
- Microsoft Office, including Word, Excel, Access, and PowerPoint
Education
- BA or BS degree in Actuarial Science, Statistics, Mathematics, Economics, Finance, or similar degree.
- 3 years of related actuarial and insurance industry experience or equivalent combination of training and experience.
- 4 actuarial exams passed if on the exam track, including life contingencies.
- 1 Month Ago
- Apple Rehab West Haven
-
West Haven, CT
FULL_TIME
- Apple Rehab West Haven is a 90 bed facility at 308 Savin Ave. in West Haven. Apple Rehab West Haven has a large community following where we have many returning residents who appreciate the care they ...
- 11 Days Ago
- SARAH Inc
-
North Haven, CT
FULL_TIME
- DescriptionSARAH Inc. is a person-centered agency serving all individuals with intellectual and/or developmental delays. We provide in-home, day support, transitional, and employment services to adult...
- 12 Days Ago
- Apple Rehab
-
Guilford, CT
FULL_TIME
- Apple Rehab Guilford a 86 bed skilled nursing and rehabilitation center located in scenic Guilford on waterfront property along the East River. In our small and comfortable home, residents enjoy water...
- Just Posted
- Griffin Hospital
-
Derby, CT
FULL_TIME
- MAIN FUNCTION: Responsible for promoting and integrating the Planetree philosophy of patient-centered care and service excellence throughout Griffin Hospital. Coordinates and supports the delivery of ...
- Just Posted
- Columbus House
-
New Haven, CT
FULL_TIME
- COLUMBUS HOUSE INC.Job AnnouncementDirector of Emergency ServicesVEVRAA Federal Contractor: Priority Referrals of Protected Veterans RequestedSUMMARY/OBJECTIVEThe Director of Emergency Services serves...
- 2 Days Ago
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0 Actuarial Services Director jobs found in New Haven, CT area
- Linde
-
Danbury, CT
- As a Linde Insurance Manager, you will work to provide financial mitigation to Linde and its Directors for losses incurr...
- 4/20/2024 12:00:00 AM
- Connecticut Interlocal Risk Management Agency (cirma)
-
New Haven, CT
- Is your ordinary extraordinary? Then you belong at CIRMA We are looking for a Senior Liability Claims Adjuster to join o...
- 4/20/2024 12:00:00 AM
- Progressive Corp.
-
New Haven, CT
- Job Description - Claims Adjuster-Auto Damage (186502) **** Claims Adjuster-Auto Damage **Job Number** : 186502 As an **...
- 4/20/2024 12:00:00 AM
- Whittlesey
-
Hamden, CT
- Job Description Job Description Senior Assurance Associate A Senior Assurance Associate can perform most engagements wit...
- 4/20/2024 12:00:00 AM
- JCW
-
Waterbury, CT
- Please read closely the requirements for this role before applying. Thanks! Our client, a residential property insurer, ...
- 4/20/2024 12:00:00 AM
- Connecticut Interlocal Risk Management Agency (CIRMA)
-
New Haven, CT
- Is your ordinary extraordinary? Then you belong at CIRMA. We are looking for a Senior Liability Claims Adjuster to join ...
- 4/18/2024 12:00:00 AM
- The Abbate Agency
-
New Haven, CT
- The Abbate Agency is seeking individuals looking to start a rewarding career in the insurance industry with room for gro...
- 4/18/2024 12:00:00 AM
- Hiring Now!
-
New Haven, CT
- Our client is currently seeking a Regulatory Compliance Manager for their operations in the Philadelphia, PA metro area....
- 4/17/2024 12:00:00 AM
About New Haven, Connecticut
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