Job Description :
Industry: Insurance
Job Category: Finance / Accounting - Actuary
Location: Pittsburg, PA
Position: Full Time Hiring
Job Description :
GENERAL OVERVIEW:
The Manager Actuarial is responsible for overseeing assigned actuarial staff and projects; for hiring and training actuarial staff; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales; assisting senior management decision makers by providing specialized reports and analysis of data on both a routine and ad hoc basis; and is accountable for developing employees, preparing rate filings, providing actuarial support for financial forecasts, and monitoring financial results.
ESSENTIAL RESPONSIBILITIES:
This is not an exhaustive list of all job duties/functions/attributes.Depending on Role, essential responsibilities may also include oversight and management of people and functions described below.
Communicate effectively.
Supervise entry-level and mid-level actuarial staff.
Prepare rate filings for large group, small group, direct pay, or senior products.
Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business. Ensure that all strategies are in compliance with rate filings and applicable regulations.
Provide advanced support for the claim reserve process.
Provide assistance and risk management to the Product Management and Development area for pricing development of new products. Ensure that all new products are financially viable and stable.
Determine underlying factors impacting pure premium trends for various products and regions. Monitor trends for use in rating. Identify any shifts in trend and take appropriate pricing actions.
Other duties as assigned or requested.
III. QUALIFICATIONS:
Education, Licenses/Certifications, and Experience (For Experience requirements please see appropriate role/level guide. If not applicable, list experience requirements below
Minimum
Describe in objective and non-comparative terms the minimum education level, previous experience, specific knowledge skills and abilities the individual must have to perform the job.
Bachelor’s degree
5 or more years of experience in the Actuarial field
2 or more years of management experience and/or experience leading teams and/or projects of varying size and complexity
Attainment of the ASA (Associate) designation in the Society of Actuaries
Must be committed to pursuing actuarial exams and obtaining Fellowship in the Society of Actuaries
Preferred
Bachelor’s degree in Actuarial Science, Mathematics, or Statistics
7 or more years of actuarial experience
Completion of two FSA-level exam components
Member of the American Academy of Actuaries
Knowledge, Skills and Abilities
Ability to apply extensive knowledge of actuarial methods and procedures
Strong supervisory, communication, organization and project management skills
In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development
IV. SCOPE OF RESPONSIBILITY
Does this role supervise/manage other employees? Yes
V. WORK ENVIRONMENT
Is Travel Required
Yes
Unusual Working Conditions
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job requires the ability to work as a team member. Additionally, this job requires the willingness and ability to report to work on a regular and timely basis and may require irregular work hours, holidays and/or weekends.
SKILLS AND CERTIFICATIONS [note: bold skills and certification are required]
FSA
Healthcare
Security Clearance Required: No
Visa Candidate Considered: No
COMPENSATION
Full-time Benefits - Full
Relocation Assistance Available - Yes
Commission Compensation - No
Bonus Eligible - No
Overtime Eligible - No
Interview Travel Reimbursed - Yes
CANDIDATE DETAILS
5+ to 7 years experience
Management Experience Required - No
Minimum Education - Bachelor''s Degree
Willingness to Travel - Occasionally
SCREENING QUESTIONS
Does this person have a non-compete
Is this person willing to relocate
Does this person meet the minimun qualifications
IDEAL CANDIDATE
Discuss during intake
Candidate has to complete Voluntary Self Identification form while submitting the resume. Please have all the candidates whom you submit should come along with Voluntary self indemnification form.