Actuarial Services Director jobs in Peoria, IL

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)

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Future Consideration - Actuarial Intern
  • PINNACLE ACTUARIAL RESOURCES INC
  • Bloomington, IL INTERN
  • Job Details

    Job Location:    Atlanta; Chicago; or Bloomington, IL - ,
    Salary Range:    Undisclosed

    Description

    SUMMARY

    Reporting to a senior actuarial analyst or associate actuary, the actuarial intern works under the direction of a supervisor, project manager or account executive to organize, input and update data in actuarial models. It is an opportunity to develop professional expertise and communication skills by working on projects in various areas. The actuarial intern will interact with analysts and consultants as well as other personnel within Pinnacle.

    The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

    To perform this job successfully, an individual must be able to accomplish each essential function satisfactorily.

    • Participate in the delivery of actuarial consulting projects
      • Organize and input data into actuarial models; modify existing actuarial models; and/or manipulate existing code for data processing and predictive modeling under the direction of a project manager
      • Format work correctly and professionally
      • Effectively communicate with project teams and manage internal expectations to ensure that projects are on time and meet Pinnacle standards for excellence
      • Suggest improvements to accuracy, efficiency, and/or quality of Pinnacle processes or work products to supervisor
      • Communicate clearly with co-workers and supervisor regarding day-to-day projects
    • Review work to ensure accuracy
    • Proactively request additional work when available
    • Comply with the Casualty Actuarial Society’s Code of Professional Ethics for Candidates
    • Enter time and expenses accurately and timely
    • Handle and process confidential information with complete discretion
    • File projects and materials according to Pinnacle’s internal filing system
    • Regular, predictable and punctual attendance in a Pinnacle office when not working off-site

    COMPETENCIES
    • Analytical and mathematical proficiency
    • Organizational ability
    • Strong verbal and written communication skills
    • Experience with Microsoft Office software
    • Attention to detail

    EDUCATION AND/OR EXPERIENCE
    • Pursuing Bachelors’ Degree from an accredited college or university in Actuarial Science, relevant mathematical or insurance field
    • Successful completion of at least one actuarial exam
    • Actively pursuing credentials in the Casualty Actuarial Society

    Qualifications


  • 14 Days Ago

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Actuarial Director - E&S Property
  • RLI Insurance Company
  • Peoria, IL FULL_TIME
  • About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
  • 1 Month Ago

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Actuarial Director - E&S Property - Hybrid
  • DW Simpson
  • Peoria, IL FULL_TIME
  • Job DetailsThis role could be a major step up in your career. As an Actuarial Director you will analyze, prepare, and evaluate profitability of products while reviewing actuarial analysis. You will al...
  • 22 Days Ago

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Actuarial Analyst
  • RLI Insurance Company
  • Peoria, IL FULL_TIME
  • About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
  • 5 Days Ago

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Senior Actuarial Analyst - REMOTE
  • DW Simpson
  • Bloomington, IL FULL_TIME
  • Job DetailsAre you ready for a new challenge? A national Life insurance company is searching for a student actuary or ASA to become their next Senior Actuarial Analyst. The main responsibilities of th...
  • 14 Days Ago

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Director of Social Services - Lutheran Hillside Village Care Center
  • Lutheran Senior Services
  • Peoria, IL FULL_TIME
  • Introduction: At Lutheran Senior Services, team members at all levels find their calling in our mission of Older Adults Living Life to the Fullest . In this work environment, all team members are part...
  • Just Posted

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0 Actuarial Services Director jobs found in Peoria, IL area

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Underwriting/Operations Assistant - Personal Umbrella (Peoria, IL)
  • RLI Corp.
  • Peoria, IL
  • About Us We're not like other insurance companies. From our specialty products to our business model, our culture to our...
  • 4/26/2024 12:00:00 AM

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Insurance Sales Agent - Customer Service
  • Freeway Insurance Services America LLC
  • Peoria, IL
  • Sign-On Bonus Opportunity of up to $1,000* Pay Range: $15 - $17 / hour Our Perks: Unlimited/Uncapped commission Lucrativ...
  • 4/26/2024 12:00:00 AM

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Underwriting/Operations Assistant - Personal Umbrella (Peoria, IL)
  • RLI Corporation
  • Peoria, IL
  • Provide operational support for Personal Umbrella (PUP) products and programs as needed. Support PUP underwriting by cre...
  • 4/25/2024 12:00:00 AM

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Independent Insurance Claims Adjuster in Peoria, Illinois
  • MileHigh Adjusters Houston Inc
  • Peoria, IL
  • Exciting Opportunity for Aspiring Claims Adjusters! INDEPENDENT INSURANCE CLAIMS ADJUSTERS NEEDED NOW! Are you ready to ...
  • 4/24/2024 12:00:00 AM

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Master Underwriter (Worker's Comp)
  • Summit Holdings
  • Peoria, IL
  • Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
  • 4/23/2024 12:00:00 AM

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Workers' Comp Senior Claims Specialist (Remote in Illinois)
  • Summit Holdings
  • Peoria, IL
  • Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
  • 4/23/2024 12:00:00 AM

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Insurance Agency Owner
  • AAA-The Auto Club Group
  • Peoria, IL
  • AAA - The Auto Club Group, is seeking ambitious, business-minded, and visionary Entrepreneurial Agency Owners to join ou...
  • 4/22/2024 12:00:00 AM

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Mortgage Underwriter Manager
  • First Busey Corp
  • Peoria, IL
  • Mortgage Underwriter Manager page is loaded Mortgage Underwriter Manager Apply remote type In Office locations Glenview,...
  • 4/22/2024 12:00:00 AM

Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$283,617 to $398,423
Peoria, Illinois area prices
were up 1.3% from a year ago

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