Top Actuarial Executive jobs in Worcester, MA
Top Actuarial Executive provides leadership, innovation, and oversight to an organization's actuarial function. Develops policies, procedures, and formulas to guide statistical analysis and actuarial research and accurately evaluate the likelihood and financial impact of various risks. Being a Top Actuarial Executive ensures policies and procedures are implemented effectively to ensure regulatory compliance of all financial operations and products. Responsible for the strategic planning and oversight of product development. Additionally, Top Actuarial Executive establishes profitability targets and regularly reviews product rates, premium levels, and rating systems to evaluate effectiveness and measure performance against targets. Reviews and validates financial statements, regulatory filings, and other financial projections before publishing or submitting. Communicates with marketing and other key stakeholders to present rating structures and systems and ensure adequate understanding of products. 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 top management. The Top Actuarial Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Actuarial Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Recently Added Top Actuarial Executive jobs
Actuarial Director - CL
- The Hanover Insurance Group
-
Worcester, MA
FULL_TIME
- Our Commercial Lines Actuarial department is seeking an Actuarial Director for the Business Owners line of business to join our growing team in Worcester, MA Corporate Headquarters or remote work arrangement. This is a full time, exempt position. POSITION SUMMARY: The Actuarial Director role is responsible for managing a team of pricing actuaries focused on the Business Owner’s (BOP) line of business, reporting directly to the Assistant Vice President Actuary of BOP and CPP. The BOP book is $500 Million of annual premium and the Hanover has recently moved onto a new BOP product for both new and renewal business. Additionally, there is a legacy product slated to convert onto the new product in the near future. The Actuarial Director of the BOP line provides overall management and technical oversight to a team of analysts with varying degrees of experience, as well as being expected to complete their own hands-on assignments. The manager partners with other actuaries and business/field leaders to support profitable growth across the commercial organization. Direct responsibilities include managing rate reviews with an eye towards process improvement, forecasting IBNR as part of the CLAY process, monitoring the new BOP Advantage product, and maintaining the existing BOP legacy product ahead of conversion. This is a Full-time, Exempt role. IN THIS ROLE, YOU WILL: Manage and lead a team of actuarial analysts, ensuring execution of deliverables alongside personal growth of entire team Accountable for executing state level rate reviews Lead the forecasting of IBNR balances in CLAY Profitability framework for BOP line Monitor the profitability and communicating of trends to executive leadership Responsible for continuous review and improvement of operations and managing unanticipated situations Leverage predictive analytics to monitor new BOP product Partner with Data Science to enhance the BOA tiering model Partner with field and business leaders across the Commercial organization to build the credibility of actuarial department and consult on strategic direction Influence and negotiate the appropriate actions to support strategic goals of the organization Capable of testifying at a rate hearing if necessary Responsible for communicating results/issues to upper-level management Responsible for performance and compensation management for team May lead or participate in community recruiting and/or training activities WHAT YOU NEED TO APPLY: Bachelor’s Degree or higher in a relevant technical field Seven years of technical experience in multiple LOB and/or actuarial disciplines such as pricing, reserving or advanced analytics Experience with predictive modeling preferred Management experience preferred ACAS required, FCAS preferred Advanced communication skills Advanced skills using Microsoft Office, including Excel and SQL Intermediate programming skills, including the ability to develop and automate processes Demonstrated knowledge of all techniques used to model various assumptions Able to apply and interpret company policies and procedures Able to direct activities of others, motivate and develop staff Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes, constantly seek to learn, apply new techniques, challenge others and themselves to find a better way Relationship Building - Understands the importance of developing and maintaining cooperative relationships with others at all levels of the organization by making others feel their concerns and contributions are important. Builds positive relationships with others to accomplish organizational goals. Influencing Others - Communicates ideas or positions in a persuasive manner that build support, agreement, or commitment. Takes actions that directly or indirectly influence others to create buy-in, gain trust, and motivate actions in others or win concessions without damaging relationships. Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards. Exhibits a true sense of competitiveness and a drive for results. Has a strong desire to win in the most challenging of circumstances and the fortitude to take calculated risks to achieve personal objectives and goals, organization's standards, or current industry standards. Talent Management - Proactively fosters building, mobilizing and evaluating the organizations' human assets. Establishes performance goals and measures in order to accomplish organizational goals. Authorizes individuals to take initiative and make expedient, practical decisions that impact the performance or success of an event or project. Shares knowledge, skills or expertise with others; coaches others. Encourages and rewards learning, growth, etc., in others. Supports continual development of staff through assignments, coaching, and training. Business Enterprise Knowledge - Understands how one's own function adds value to the organization and to customers. Makes decisions and recommendations clearly linked to the organization's strategy and financial goals, reflecting an awareness of external dynamics. Demonstrates awareness by providing clear explanations for actions taken relative to customer requirements, needs, and industry trends. Strategic Thinking - Examines issues and plans with a long-term perspective. Able to critically evaluate external and internal factors. Change Management - Designs and transforms an organization based on assumptions of human capability and resiliency. Understands the basic human patterns that operate during change, and effectively focuses the organization's capability on an effective transformation. Focuses and energizes a group to accomplish change together and holds them accountable to common goals. Decisiveness - Makes decisions by quickly assessing the scope of an issue and providing options leading to its closure. Determines appropriate options based on the situation.
- 18 Days Ago
Field Sales Representative
- Top Closers
-
Uxbridge, MA
FULL_TIME
- Are you looking for your next exciting career move in sales? Are you driven, self-motivated, and an excellent communicator? If the answer is YES, then look no further as this is the role for you! We h...
- 22 Days Ago
Actuarial Leader - Personal Lines (REMOTE)
- The Hanover Insurance Group
-
Worcester, MA
FULL_TIME
- Our Personal Lines Actuarial department is seeking an Actuarial Manager or Director to join our growing team. This is a full time, exempt role. POSITION OVERVIEW: This leader will be responsible for m...
- 1 Month Ago
Assistant Chief Nursing Officer - Saint Vincent Hospital
- Other Executive
-
Worcester, MA
OTHER
- Tenet Healthcare Corporation (NYSE: THC) is a diversified healthcare services company headquartered in Dallas. Our care delivery network includes United Surgical Partners International, the largest am...
- 2 Days Ago
Field Technician/ATM
- Top Fortune 100 Company
-
Worcester, MA
CONTRACTOR,FULL_TIME
- Job Title: Field Service Technician Location:Worcester, MA 01601 United States Duration: 3 Months (Temp to Per) Pay Rate: $22/hr. Qualifications: Proposed work days and times: [1:30pm - 10pm, Tuesday ...
- 6 Days Ago
Field Technician/ATM
- Top Fortune 100 Company
-
Worcester, MA
CONTRACTOR,FULL_TIME
- Job Title: Field Service Technician Location:Worcester, MA 01601 United States Duration: 3 Months (Temp to Per) Pay Rate: $22/hr. Qualifications: Proposed work days and times: [1:30pm - 10pm, Tuesday ...
- 6 Days Ago
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0 Top Actuarial Executive jobs found in Worcester, MA area
Executive Assistant Office Manager
- Boston Hire
-
Boston, MA
- Downtown Private Equity firm seeks an Executive Assistant/ Office & Marketing Coordinator to support a Partner. Ideal ca...
- 4/24/2024 12:00:00 AM
President & Chief Executive Officer
- Korn Ferry Executive Search
-
Providence, RI
- Overview: Position: President & Chief Executive Officer, Rhode Island Life Science Hub (RILSH) Location: Providence, Rho...
- 4/24/2024 12:00:00 AM
Chief Executive Officer
- Bill and Melinda Gates foundation
-
Cambridge, MA
- "We are focused on results. Those that can be measured. And those measured in ways beyond numbers. We see individuals, n...
- 4/23/2024 12:00:00 AM
Executive Assistant to the Commissioners Office
- NR Consulting
-
Boston, MA
- Job title: Executive Assistant to the Commissioners Office Job ID : 730525 Location: Boston, MA 02111 Client: Commonweal...
- 4/22/2024 12:00:00 AM
Office Operations Administrator & Executive Assistant
- Monte Rosa Therapeutics
-
Boston, MA
- Office Operations Administrator & Executive Assistant Boston, MA (onsite) We seek an experienced, highly motivated, and ...
- 4/22/2024 12:00:00 AM
Executive Assistant, Office of the President
- Evolved By Nature
-
Needham, MA
- Executive Assistant, Office of the President The Evolved By Nature team is seeking an Executive Assistant to support the...
- 4/20/2024 12:00:00 AM
Executive Assistant to the Dean's Office
- Tufts University
-
Boston, MA
- Overview The Office of the Dean is responsible for the academic and administrative functions of Tufts University School ...
- 4/20/2024 12:00:00 AM
Executive Office Administrator
- The Newbury Boston
-
Boston, MA
- Compensation Type: Hourly Highgate Hotels: Highgate is a premier real estate investment and hospitality management compa...
- 2/9/2024 12:00:00 AM
About Worcester, Massachusetts
Worcester has a total area of 38.6 square miles (100 km2), 37.6 square miles (97 km2) of land and 1.0 square mile (2.6 km2) (roughly 2.59%) of water. Worcester is bordered by the towns of Auburn, Grafton, Holden, Leicester, Millbury, Paxton, Shrewsbury, and West Boylston.
Worcester is known as the Heart of the Commonwealth, because of its proximity to the center of Massachusetts. The city is about 40 miles (64 km) west of Boston, 50 miles (80 km) east of Springfield, and 38 miles (61 km) northwest of Providence, Rhode Island.
The Blackstone River forms in the center of Worcester by the conflue...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Top Actuarial Executive jobs
$394,090 to $642,855
Worcester, Massachusetts area prices
were up 1.6% from a year ago
were up 1.6% from a year ago