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)
With over 120 offices and nearly 7,000 associates throughout the U.S. CBIZ (NYSE: CBZ) delivers top-level financial and employee business services to organizations of all sizes, as well as individual clients, by providing national-caliber expertise combined with highly personalized service delivered at the local level.
CBIZ has been honored to be the recipient of several national recognitions:
Founded in 2006, CBIZ Optumas works primarily with State Medicaid agencies and Medicaid Managed Care Plans, providing guidance and strategy to help them remain efficient and effective purchasers of healthcare Services. CBIZ Optumas is also on the forefront of healthcare reform initiatives, helping multiple states weigh the opportunities and consequences created by constantly changing healthcare delivery and payment systems.
What We Offer:
Objective:
CBIZ Optumas is seeking a motivated consultant pursuing a career in healthcare consulting.
The Team:
CBIZ Optumas takes pride in the welcoming and collaborative culture we have. For this position, the employee will report to one of our Managers, Senior Managers, or Directors.
Essential Functions and Primary Duties:
Qualifications Required:
Qualifications Preferred:
Typical Interview Process:
We understand that the confidence gap can discourage strong candidates from applying. CBIZ Optumas is committed to investing in your career development and providing the necessary resources to help you succeed. Please do not hesitate to apply, as you may be the right fit for this position or another position we have open.
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