VP Chief Actuary- Onsite Des Moines, Iowa
Wellabe · Des Moines, IA · 3 wk ago
On-siteManagementFull-time
About the role
The Vice President, Chief Actuary is the senior actuarial leader for the organization and is responsible for the overall actuarial strategy, governance, and delivery across modeling & forecasting, valuation, pricing, and product development/management. This leader ensures disciplined risk management practices, profitable growth, and strong regulatory/financial reporting outcomes across all lines of business. This role has direct influence over rate strategy and product decisions; actuarial recommendations are expected to be translated into action.
Responsibilities
- Enterprise Actuarial Leadership:
- Provide enterprise-wide leadership and direction for actuarial strategy, policies, and practices across modeling & forecasting, pricing, valuation, reserving, product development/management, and risk management.
- Serve as the organization’s principal actuarial authority, ensuring adherence to actuarial standards of practice and regulatory requirements.
- Lead and develop actuarial leadership and teams, fostering a high-performing, ethical, and collaborative culture.
- Financial Stewardship & Risk Management:
- Oversee reserve adequacy, asset-liability modeling, experience studies, and assumption governance to ensure financial strength and balance sheet integrity.
- Partner with Finance and Investments on capital management, asset adequacy testing, and long-term financial planning.
- Provide actuarial insight for audits, examinations, and regulatory filings at the state and federal level.
- Product Strategy & Profitability:
- Oversee product development, pricing strategy, and ongoing profitability management across lines of business.
- Evaluate emerging risks, trends, and competitive dynamics to inform product strategy and pricing decisions.
- Ensure actuarial input supports sustainable growth, customer value, and risk-appropriate returns.
- Regulatory & Governance Partnership:
- Act as a key partner to Compliance, Legal, and Regulatory Affairs to ensure actuarial practices meet or exceed regulatory expectations.
- Support regulatory examinations and interactions, including actuarial memorandums, rate filings, and financial disclosures.
- Provide actuarial expertise to executive leadership, the Board of Directors, and relevant committees as needed.
- Modernization & Continuous Improvement:
- Champion modernization of actuarial tools, models, data, and processes to improve efficiency, insight, and scalability.
- Leverage analytics, data, and emerging technologies to enhance actuarial decision-making and enterprise reporting.
- Drive continuous improvement initiatives across actuarial operations and governance.
- People Leadership:
- Lead, mentor, and develop actuarial leaders and professionals at all levels.
- Oversee workforce planning, succession planning, and talent development within the actuarial function.
- Promote diversity, equity, inclusion, and professional growth consistent with organizational values.
Qualifications
- Deep expertise in actuarial principles, pricing, reserving, valuation, and risk management.
- Strong understanding of insurance regulatory environments and actuarial governance.
- Strategic mindset with the ability to translate actuarial insights into executive-level decision support.
- Proven leadership, communication, and influence skills across technical and non-technical audiences.
- Experience driving change, modernization, and cross-functional collaboration.
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field required.
- Fellowship designation (FSA or equivalent) strongly preferred.
- 12+ years of progressive actuarial experience, including senior leadership responsibility for pricing, valuation, reserving, and regulatory engagement within the insurance industry.