Jobs · Management · Iowa

VP Chief Actuary- Onsite Des Moines, Iowa

Wellabe · Des Moines, IA · 2 mo 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.

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