Mid America Search's brand with trademarked Logo in blue and trademarked Name in black with diagonal gradient blue to  tan background

Managing Actuary, Group Product Performance Job

Should you have an interest in this Job, please note the Title and Job# in the Subject line and email your resume to click here. Thank you.


Managing Actuary, Group Product Performance
Job# 2803
Location:  NE or Remote
Education Requirements:  Degree preferred.
Other Requirements:  Include:

  • Minimum Qualifications:
    • Thorough actuarial background, as well as thorough background in Actuarial Science, Math, Statistics, Economics and/or Computer Science.
    • Seasoned knowledge of advanced actuarial assumptions and formulae and in-depth knowledge and understanding of actuarial and statistical sciences, economics, or computer sciences.
    • Aptitude for statistical interpretation, a strong knowledge of advanced actuarial assumptions and formulae and accounting practices.
    • FSA designation.
    • Group experience in life, disability, dental and/or vision.
    • Thorough financial background.
    • Extensive experience in the development and presentation of financial reports.
    • Excellent human relations and oral and written communication skills, analytical and decision-making abilities, and sound judgment.
    • Product and industry knowledge.
  • Preferred Qualifications:
    • Previous management experience is preferred.
    • Must have some group experience, vision and dental preferred.

Salary Range:  $110k to $150k
Description:  Leads and executes group insurance product design, pricing, financial projections and other financial analyses for assigned products to assure the measurement and achievement of Corporate profit, growth, information and planning objectives.  Coordinates resources to provide effective analytical support to contribute to effective product and financial management.  Duties and responsibilities include:

  • Directs and manages the development of new product rates and re-rating activity, the determination of the impact on premiums and/or profits of various product proposals, and both long and short term experience studies to be completed in a timely manner and providing useful results.  Develops rate assumptions and manages the development of rate scales and detailed rates.
  • Participates in the initial viability assessment for new product ideas and modifications, including preliminary pricing.  Reviews product specifications and estimate cost and schedule.  Consults competitive research to balance pricing/competitive issues.
  • Manages the development of financial projections (preliminary and detailed) and develops detailed financial projections for new and existing products.
  • Directs financial impact assessment activities related to compliance changes and other environmental factors impacting the product or product grouping.
  • Prepares actuarial memoranda for filing with state insurance departments.
  • Plans and executes projects designed to meet specified product development, pricing, projection, and financial or risk management objectives.
  • Provides recommendations to management based on analysis of financial and non-financial data regarding trends and indicators of the product or product grouping.
  • Analyzes experience and provides reserve recommendations for claim reserves where needed.
  • Risk Management; Identifies and assesses risk in actuarial responsibilities.  Complies with actuarial standards of practice, precepts and enterprise risk management responsibilities.  Supports enterprise wide risk management initiatives.
  • Develops improvements to actuarial models, methods, procedures, and systems and keeps abreast of legislative and other changes to determine their effect on assumptions and formulas.
  • May have direct reports and engage in human resource management functions such as coaching, performing appraisals, and handling other HR administrative tasks.  May review the work of actuarial students in the execution of specific projects or tasks.
  • May have an opportunity to participate in recruiting college candidates for professional Actuarial positions and serve on Company committees in an actuarial adviser capacity.

© 2014–2019 Mid America Search