| Actuarial Services Director Job Description |
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| The following is a full job description for Actuarial Services Director. Here are the requirements and responsibilities for Actuarial Services Director along with statistics. If after reading this page you determine that Actuarial Services Director 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, VP of Actuarial Services, Legal Services Director, Member Services Director, Outpatient Services Director, Oncology Services Director, Creative Director, Business Systems Analysis Director |
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| Requirements and Responsibilities For 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. 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. 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. 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. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. |
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| Also referred to as: Actuarial Operations Director, Insurance Actuary Director |
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| Similar Jobs: Actuarial Services Manager, Actuarial Services Senior Manager, VP of Actuarial Services, Legal Services Director, Member Services Director, Outpatient Services Director, Oncology Services Director, Creative Director, Business Systems Analysis Director |
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| Level of Education: Actuarial Services Director Salaries with No Diploma, Actuarial Services Director Salaries with a High School Diploma or Technical Certificate, Actuarial Services Director Salaries with an Associate's Degree, Actuarial Services Director Salaries with a Bachelor's Degree, Actuarial Services Director Salaries with a Master's Degree or MBA, Actuarial Services Director 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 | |
