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This job is an ASA Certified actuary position that initiates and leads the development of actuarial studies and analyses. Gives direction to less experienced staff and will represent the department's perspectives and needs in cross disciplinary settings. The incumbent applies actuarial techniques and statistical analysis to several functions, including insurance premium and pricing development, claim trend analysis, experience studies, medical economics, profitability analysis, wellness studies, predictive modeling, or claim reserving.
Job Responsibility
Define & diagnose a problem
Outline data requirements for a study or analysis and devise insightful and creative solutions
Uncover the root causes of problems and reject superficial explanations
Review the appropriateness of the results in light of experience and industry knowledge
Consider alternate explanations or viewpoints before drawing conclusions
Initiate and lead the development of studies, analyses, and presentation materials needed to appropriately inform decision makers
Make appropriate recommendations to management across teams both within and outside of the actuarial department while understanding the implications and consequences to all stakeholders
Proactively ensure the internal and external consistency of all work
Use advanced industry knowledge to both perform reasonability checks as well as exceed customer expectations
Identify methods to test whether suspect results are correct
Form reasonable approximations in advance of results of an analysis and determine whether deviations are reasonable or suspect
Clarify information as needed
Take the initiative to utilize internal and external knowledge forums to gain broader industry perspective
Demonstrate subject matter expertise and as a result is sought out by others for technical input on producing accurate and efficient work
Promptly and efficiently identify outliers and anomalies in the work of others
Exhibit a thorough understanding of both corporate and division goals and values
Apply corporate, professional, and industry knowledge & insight to all tasks under incumbent's control or influence
Use expertise to envision and implement innovative new processes and propose changes to existing processes, leading to improved outcomes that better conform to corporate goals, objectives, and values
Demonstrate a capacity to shift between 'big picture' and 'detailed' thinking when analyzing issues and their strategic importance
Independently manage own time and resources across many projects
Demonstrate responsiveness, confidence, flexibility and ability to independently prioritize when shifting from one task to another
Comfortable in a dynamic, changing environment
Approach new challenges with anticipation and a view towards success
Identify emerging opportunities, establish project objectives, specify strategies, and organize necessary tasks
Keep manager informed
Interact with stakeholders in a manner that fosters cooperation and teamwork while conveying engagement and competence
Enhance department influence by providing responsive service and understanding customer needs
Effectively and confidently present information and provide decision support to team members and executive management
Consider alternate points of view on issues, demonstrating sensitivity to others’ situations
Maintain positive, productive working relationships despite differing or conflicting situations and personalities
Correctly interpret direct and indirect messages and verbal and non-verbal behaviors and respond appropriately
Engage, motivate, and mentor less experienced staff on a regular basis in a positive manner that fosters teamwork and excellence
Listen, take direction, accept criticism and feedback and adjust behavior accordingly to improve performance
Demonstrate flexibility and proactively take on additional work as needed by the team, leading by example
Represent department's perspectives and needs in cross disciplinary settings, and negotiate appropriate compromises and solutions in a way that results in effective action
Tailor work to the needs of direct management and business partners and make recommendations that have an impact beyond their role
Assume responsibility for own actions and the consequences for actions undertaken and decisions made
Other duties as assigned or requested
Requirements
Bachelor's Degree in Actuarial Science, Mathematics, Statistics or closely related field
5 years Actuarial experience in area of specialization
Associate of the Society of Actuaries (ASA)
Possesses and applies a comprehensive and in-depth knowledge of actuarial principles, concepts, practices and processes within multiple fields or disciplines
Possesses significant expertise to complete complex assignments and ability to visualize, articulate, and solve complex problems while leading others to complete complex assignments
Develops, designs, and tests analytic frameworks to solve complex problems using innovative approaches
Assignments are broad in scope and require depth of knowledge as well as ingenuity and originality