Director Actuarial Services

About the role

This job is responsible for the overall management and technical oversight of an actuarial staff (fellows, associates, actuarial candidates, and/or support personnel) where activities are concerned with pricing and rate development; overseeing assigned actuarial staff and projects and developing and implementing sound actuarial policies and practices to help Highmark meet its financial objectives; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales.

Responsibilities

• Perform management responsibilities to include, but are not limited to involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.
• Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
• Oversee the preparation of 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.

Requirements

• Required: Bachelor’s Degree, with a strong emphasis in Actuarial Science, Mathematics and Statistics.
• Preferred: Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics.
• Minimum 8 years in an Actuarial role.
• 5 years in a management role and/or leading teams and/or projects of varying size and complexity.
• Attainment of the ASA or ACAS (Associate) designation AND pursuing FSA or FCAS (Fellowship) designation in the Society of Actuaries or Casualty Actuarial Society.
• Member of the American Academy of Actuaries (MAAAA).

Qualifications

• 10 years in an Actuarial role.
• Attainment of FSA or FCAS (Fellowship) in the Society of Actuaries or Casualty Actuarial Society.
• 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.

Skills

• 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.

Benefits

N/A

Pay

Pay Range: Minimum $169,500.00 Pay Range: Maximum $286,700.00

Schedule

Position Type: Office-based. Teaches / trains others regularly. Occasionally Travel regularly from the office to various work sites or from site-to-site. Never Works primarily out-of-the office selling products/services (sales employees). Never Physical work site required. Yes Lifting up to 10 pounds Constantly Lifting 10 to 25 pounds Occasionally Lifting 25 to 50 pounds Never