| VP of Actuarial Services Job Description |
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| The following is a full job description for VP of Actuarial Services. Here are the requirements and responsibilities for VP of Actuarial Services along with statistics. If after reading this page you determine that VP of Actuarial Services is not the position you are looking for, you may want to try one of these similar titles: Actuarial Services Manager, Actuarial Services Senior Manager, Actuarial Services Director, VP of Marketing, VP of Enterprise Infrastructure, Legal Services Director, Actuarial Assistant, Actuarial Fellow, VP of Account Management |
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| Requirements and Responsibilities For VP of Actuarial Services |
| 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. 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. 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. 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. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. |
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| Also referred to as: Chief Actuarial Executive, Chief Actuarial Officer, VP of Actuarial Operations |
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| Similar Jobs: Actuarial Services Manager, Actuarial Services Senior Manager, Actuarial Services Director, VP of Marketing, VP of Enterprise Infrastructure, Legal Services Director, Actuarial Assistant, Actuarial Fellow, VP of Account Management |
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| Level of Education: VP of Actuarial Services Salaries with a Bachelor's Degree, VP of Actuarial Services Salaries with a Master's Degree or MBA, VP of Actuarial Services Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Aerospace & Defense, Biotechnology, Business Services, Chemicals, Construction, Edu., Gov't. & Nonprofit, Energy & Utilities, Financial Services, Healthcare, Hospitality & Leisure, Insurance, Internet, Media, MFG Durable, MFG Nondurable, Pharmaceuticals, Retail & Wholesale, Software & Networking, Telecom, Transportation | |
