As a Director of Actuarial Services, you will lead actuarial initiatives for Commercial Lines, with a specific focus on pricing and network analysis. You will leverage your expertise in level-funded and fully insured plans to help drive product design and rate-setting, ensuring alignment with state and federal regulations. Your leadership will be pivotal in expanding the actuarial team and ensuring growth and development within your department.
Responsibilities:
- Provide strategic leadership and direction in the actuarial analysis of Commercial Lines, focusing on level-funded and fully insured plans in the Texas market.
- Lead the development and execution of pricing models, network analysis, and actuarial evaluations, ensuring alignment with market trends, regulations, and company goals.
- Guide actuarial staff in analyzing and interpreting complex data, ensuring the accurate and timely execution of actuarial processes.
- Mentor and support staff growth, including recruitment, training, coaching, and performance evaluation, with a focus on expanding the team to meet evolving business needs.
- Oversee the development and implementation of actuarial policies and procedures, ensuring consistency with state and federal regulations.
- Direct and lead actuarial functions such as product pricing, financial forecasting, and cost-of-care analysis.
- Conduct experience studies to validate pricing assumptions and monitor the financial health of the product lines.
- Lead the preparation of reserve estimates, financial reporting, and analysis to ensure the company’s financial health and compliance with regulatory standards.
- Make high-level decisions on actuarial work assignments, prioritization, and methodologies to ensure sound pricing and product strategies.
Minimum Qualifications:
- BA/BS in Actuarial Science, Mathematics, Statistics, or a related field.
- Minimum of 7 years of actuarial experience, with a focus on Commercial Lines, including expertise in level-funded and fully insured plans.
- Proven leadership experience with a demonstrated ability to manage, grow, and develop actuarial teams.
- ASA (Associate of the Society of Actuaries) designation required, FSA preferred.