Actuarial Services Director jobs in New York, NY
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
Actuarial Associate
- EXL Services
-
New York, NY
FULL_TIME
-
Company Overview and Culture
EXL (NASDAQ: EXLS) is a global analytics and digital solutions company that partners with clients to improve business outcomes and unlock growth. Bringing together deep domain expertise with robust data, powerful analytics, cloud, and AI, we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on creating value from data for driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our team is over 40,000 strong, with more than 50 offices spanning six continents. For information, visit www.exlservice.com.
For the past 20 years, EXL has worked as a strategic partner and won awards in its approach to helping its clients solve business challenges such as digital transformation, improving customer experience, streamlining business operations, taking products to market faster, improving corporate finance, building models to become compliant more quickly with new regulations, turning volumes of data into business opportunities, creating new channels for growth and better adapting to change. The business operates within four business units: Insurance, Health, Analytics, and Emerging businesses.
EXL Decision Analytics
EXL (NASDAQ: EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary, award-winning Business EXLerator Framework™, which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, we look deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in New York, New York, EXL has more than 24,000 professionals in locations throughout the United States, Europe, Asia (primarily India and Philippines), Latin America, Australia and South Africa.
EXL Analytics provides data-driven, action-oriented solutions to business problems through statistical data mining, cutting edge analytics techniques and a consultative approach. Leveraging proprietary methodology and best-of-breed technology, EXL Analytics takes an industry-specific approach to transform our clients’ decision making and embed analytics more deeply into their business processes. Our global footprint of nearly 2,000 data scientists and analysts assist client organizations with complex risk minimization methods, advanced marketing, pricing and CRM strategies, internal cost analysis, and cost and resource optimization within the organization. EXL Analytics serves the insurance, healthcare, banking, capital markets, utilities, retail and e-commerce, travel, transportation and logistics industries.
Please visit www.exlservice.comfor more information about EXL Analytics.
Role Overview:
- Over 10 years of extensive actuarial experience in the L&A actuarial space.
- An associate/fellow from IAI/IFoA/ SOA
- Proven expertise in international markets, including the US. Solid understanding of US-GAAP LDTI is highly desirable.
- Proficiency in data handling, actuarial modeling, experience analyses, EV reporting, statutory reporting, ALM, and model testing & validation.
- Familiarity with GGY Axis, MG Alpha, and Prophet, with additional experience in SQL/Python/R being advantageous.
- Advanced life insurance and actuarial knowledge, coupled with strong technical, analytical, and problem-solving skills. Effective communication abilities and fluency in English.
- Active involvement in new business development, including assessing client requirements and proposing innovative solutions.
- Contribution to continuous improvement initiatives and ensuring compliance with Data Privacy and Protection Guidelines.
- In-depth understanding of the current state of affairs and problem statements in L&A actuarial.
- Regular client interactions to comprehend requirements, translate them into a business framework, and provide effective actuarial solutions.
- Participation in transformation and automation initiatives.
- Construction of actuarial models for life insurance products.
- Lead/Review UAT testing, unit testing, regression testing, etc., for actuarial model testing and validation.
- Outstanding written and verbal communication skills.
- Bachelor’s/Master's degree in economics, mathematics, or actuarial sciences.
- Associate/Fellow member of IAI/IFoA or SOA.
- Over 10 years of experience with a robust understanding of life insurance products, covering pricing, experience studies, modeling, reserving, and valuation.
- Exposure to the US life insurance market is highly preferable.
- Experience in international markets such as the US with good knowledge of US-GAAP LDTI.
- Familiarity with polysystem, MG Alpha, GGY Axis, Prophet, or other modeling tools is a significant advantage. Experience in SQL/Python/R is desirable.
- Strong ability to acquire technical and business knowledge rapidly.
- Superior analytical and problem-solving skills.
- Exceptional written and verbal communication skills.
- Comfortable working in a fast-paced, continuously evolving environment and ready to tackle challenges.
- Ability to understand cross-cultural differences and collaborate with clients globally.
- EXL Analytics offers an exciting, fast paced and innovative environment, which brings together a group of sharp and entrepreneurial professionals who are eager to influence business decisions. From your very first day, you get an opportunity to work closely with highly experienced, world class analytics consultants.
- You can expect to learn many aspects of businesses that our clients engage in. You will also learn effective teamwork and time-management skills - key aspects for personal and professional growth
- Analytics requires different skill sets at different levels within the organization. At EXL Analytics, we invest heavily in training you in all aspects of analytics as well as in leading analytical tools and techniques.
- We provide guidance/ coaching to every employee through our mentoring program wherein every junior level employee is assigned a senior level professional as advisors.
- Sky is the limit for our team members. The unique experiences gathered at EXL Analytics sets the stage for further growth and development in our company and beyond.
To view our total rewards offered click here — > https://www.exlservice.com/us-careers-and-benefits
Base Salary Range Disclaimer: The base salary range represents the low and high end of the EXL base salary range for this position. Actual salaries will vary depending on factors including but not limited to: location and experience. The base salary range listed is just one component of EXL's total compensation package for employees. Other rewards may include bonuses, as well as a Paid Time Off policy, and many region specific benefits.
Please also note that the data shared through the job application will be stored and processed by EXL in accordance with the EXL Privacy Policy.
Application & Interview Impersonation Warning – Purposely impersonating another individual when applying and / or participating in an interview in order to obtain employment with EXL Service Holdings, Inc. (the “Company”) for yourself or for the other individual is a crime. We have implemented measures to deter and to uncover such unlawful conduct. If the Company identifies such fraudulent conduct, it will result in, as applicable, the application being rejected, an offer (if made) being rescinded, or termination of employment as well as possible legal action against the impersonator(s).
EXL may use artificial intelligence to create insights on how your candidate information matches the requirements of the job for which you applied. While AI may be used in the recruiting process, all final decisions in the recruiting and hiring process will be taken by the recruiting and hiring teams after considering a candidate’s full profile. As a candidate, you can choose to opt out of this artificial intelligence screening process. Your decision to opt out will not negatively impact your opportunity for employment with EXL. - 3 Days Ago
Wound Care Nurse Practitioner / Physician Assistant
- Medical Director Services PC
-
Brooklyn, NY
FULL_TIME
- Medical Director Services PC is looking to hire a Wound Care Nurse Practitioner (NP) / Physician Assistant (PA) to service a skilled nursing facility in Brooklyn, NY. Competitive salary offered commen...
- 14 Days Ago
Nurse Practitioner (NP)
- Medical Director Services PC
-
Brooklyn, NY
FULL_TIME
- Nurse Practitioner (NP) Medical Director Services PC is looking to hire experienced Nurse Practitioners (NP) to service our skilled nursing facility Brooklyn Center located in Brooklyn, NY. The ideal ...
- 3 Days Ago
Nurse Practitioner (NP)
- Medical Director Services PC
-
White Plains, NY
FULL_TIME
- Nurse Practitioner (NP) Medical Director Services PC is looking to hire an experienced Nurse Practitioner (NP) to service a skilled nursing facility in White Plains, NY. New Grads Welcome!! Excellent ...
- 7 Days Ago
Nurse Practitioner (NP) / Physicians Assistant (PA)
- Medical Director Services PC
-
Staten Island, NY
FULL_TIME
- Nurse Practitioner / Physician's Assistant Medical Director Services PC is seeking an experienced Nurse Practitioner / Physician's Assistant for a skilled nursing facility in Staten Island, NY. NEW GR...
- 30 Days Ago
Actuarial Pricing Director
- Berkley
-
New York, NY
OTHER
- Company Details Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500. W. R. Ber...
- 1 Month Ago
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0 Actuarial Services Director jobs found in New York, NY area
About New York, New York
The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estimated 2017 population of 8,622,698 distributed over a land area of about 302.6 square miles (784 km2), New York is also the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 20,320,876 people in its 2017 M...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$344,349 to $483,740
New York, New York area prices
were up 1.6% from a year ago
were up 1.6% from a year ago
What does an Actuarial Services Director do?
Actuarial Services Director in Spokane, WA
Responsible for stat and federal filings including actuarial certification.
December 28, 2019
Actuarial Services Director in Lafayette, LA
JOB SUMMARYThe Manager of Actuarial Services will serve under the general direction of the VP of Finance and is responsible for supervising, gathering and evaluating membership claims and premium data for ratemaking, budgeting, benefits, trends, provider networks, etc.
December 26, 2019
Actuarial Services Director in Grand Forks, ND
Applying probability and statistics to the practical problems of insurance, our actuarial team performs a variety of duties, including calculating the cost of premiums and policy values, preparing statistical studies, and forecasting financial results.
February 20, 2020