As a Director of Actuarial Services, you will lead actuarial initiatives for Commercial Lines, with a specific focus on pricing and network analysis. You will leverage your expertise in level-funded and fully insured plans to help drive product design and rate-setting, ensuring alignment with state and federal regulations. Your leadership will be pivotal in expanding the actuarial team and ensuring growth and development within your department.
Responsibilities:
Provide strategic leadership and direction in the actuarial analysis of Commercial Lines, focusing on level-funded and fully insured plans in the Texas market.
Lead the development and execution of pricing models, network analysis, and actuarial evaluations, ensuring alignment with market trends, regulations, and company goals.
Guide actuarial staff in analyzing and interpreting complex data, ensuring the accurate and timely execution of actuarial processes.
Mentor and support staff growth, including recruitment, training, coaching, and performance evaluation, with a focus on expanding the team to meet evolving business needs.
Oversee the development and implementation of actuarial policies and procedures, ensuring consistency with state and federal regulations.
Direct and lead actuarial functions such as product pricing, financial forecasting, and cost-of-care analysis.
Conduct experience studies to validate pricing assumptions and monitor the financial health of the product lines.
Lead the preparation of reserve estimates, financial reporting, and analysis to ensure the company's financial health and compliance with regulatory standards.
Make high-level decisions on actuarial work assignments, prioritization, and methodologies to ensure sound pricing and product strategies.
Minimum Qualifications:
BA/BS in Actuarial Science, Mathematics, Statistics, or a related field.
Minimum of 7 years of actuarial experience, with a focus on Commercial Lines, including expertise in level-funded and fully insured plans.
Proven leadership experience with a demonstrated ability to manage, grow, and develop actuarial teams.
ASA (Associate of the Society of Actuaries) designation required, FSA preferred.