Director, Actuarial Science

Guide the strategic direction, drive innovation, and produce key insights that enhance company performance through actuarial science.

Responsibilities

• Accountable for pricing, forecasting, month-end close activities, and performance monitoring, including development of key processes, assumptions, accruals, and evaluation of financial experience and trend drivers with comparisons to budget and reforecast.
• Develop activities to improve efficiency and affordability.
• Execute strategy and guide teams in developing multiple internal statistical models to support key business goals, including bid pricing models, financial projections, contract modeling, and ad hoc support projects.
• Proactively identify and influence actuarial concepts and business drivers at Senior Management levels to support interactions with federal and state regulators.
• Lead new business projects for the business development team at the Senior Management level as requested.
• Ensure the integrity of all federal or state rate filing requirements.
• Identify and lead opportunities across multiple functions where the actuarial team can drive completion of corporate goals.
• Lead a team of actuaries, ensuring compliance with applicable Actuarial Standards of Practice and supporting their training and personal development, or provide mentorship to other teams.
• Remain current on and explain business impacts of pertinent industry developments, including federal and state regulations and sub-regulatory guidance.
• Develop tactical plans and goals for the functional area, accountable for problem-solving and decisions that impact the area.
• Understand and explain the financial drivers for owned product/market, including IBNR and other accruals.
• Leverage actuarial expertise to support the design, development, and implementation of AI-enabled solutions; partner with internal stakeholders to transition AI use from exploration to scalable, effective solutions supporting pricing, forecasting, financial analysis, regulatory support, and other actuarial functions.
• Remain current on emerging AI capabilities, evaluating applicability to actuarial work, and guiding responsible implementation to improve efficiency, insight generation, and business decision support.
• Perform other job-related duties as requested.

Requirements

• Bachelor’s degree in actuarial science, mathematics, economics, or a related field.
• Eight (8) years of decision support, financial analysis, or actuarial experience preferred.
• Three (3) years of management experience preferred.
• Strong database (SAS or Access) experience preferred.
• Managed Care or healthcare experience preferred.

Skills

• Excellent written and verbal communication skills.
• Excellent listening and critical thinking skills.
• Strong interpersonal skills and high level of professionalism.
• Ability to manage, develop, and motivate staff.
• Ability to interact with all levels of management as well as external stakeholders.
• Excellent problem-solving skills and attention to detail.
• Ability to effectively report data, analyze facts, and exercise sound business judgment when making recommendations.
• Ability to identify and analyze problems, draw conclusions, develop and lead processes, and communicate status and results.
• Ability to lead audits of data and models.
• Demonstrate sound business judgment when drawing conclusions and making decisions.
• Expert proficiency with Microsoft Suite (Excel, Word, PowerPoint).
• Advanced knowledge of SQL, SAS, R, or other data manipulation software is preferred.

Qualifications

• Associate of the Society of Actuaries (ASA) required.
• Fellow of the Society of Actuaries (FSA) preferred.

Working Conditions

• General office environment; may be required to sit or stand for extended periods of time.
• Up to 15% (occasional) travel based on the needs of the department.

Pay

$135,600.00 - $237,400.00. Salary is determined by a combination of education, training, experience, the position’s scope and complexity, discretion and latitude required, and other external and internal data. In addition to base compensation, you may qualify for a bonus tied to company and individual performance.

Benefits

We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.