Chief Actuary - Rock Island, Illinois, United States

Only for registered members Rock Island, Illinois, United States

6 days ago

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Job summary

The Chief Actuary serves as a senior strategic leader responsible for shaping the Society's long-term financial direction through the application of rigorous actuarial principles deep product and industry knowledge and sound risk management.
This role combines executive-level strategic leadership with hands-on execution appropriate for a smaller leaner organization.

Responsibilities

  • Serve as a key strategic advisor to the CFO and Executive Leadership Team on product strategy capital management risk appetite and long-term financial planning.
  • Foster strong working relationships across Underwriting Operations Sales Investments and IT to align financial strategy with real-world business performance.
  • Set the actuarial technology and data strategy Identify and implement technology solutions that streamline workflows enhance analytics decision-making strengthen controls supervise certificate reserve additional liability valuation cash flow testing evaluate adequacy assets backing reserves meet future obligations serve illustration actuary oversee compliance aspects customer illustrations determine implement non-guaranteed elements all related testing filing serve Enterprise Risk Committee chair Reinsurance Committee oversee treaty design administrative setup billing relationship manage product development pricing rate form filings implementation life insurance annuity products short- long-term financial projections provide updated year-to-date forecasts regular basis make dividend recommendations Board Directors implementation dividend scales approved Board oversee administration reinsurance agreements policy administration system configuration maintenance oversee product code configuration policy administration system report Financial statement exhibits supplements notes interrogatories etc related reserves liabilities inforce statistics risk-based capital etc link asset allocation portfolio new money rate assumption setting asset modeling investment strategies oversee experience studies accountable all actuarial assumptions lead develop actuarial department functions set budgets maintain administer actuarial student program ensuring continuing education requirements met staff regular reporting Society's Board Directors managetheActuariateamwhichmayincludemanagingsubordinatesupervisorsinadditiontootherstaffisresponsibleandaccountablefortheoveralldirectioncoordinationevaluationworkproductwithintheActuariateamcarryoutsupervisoryresponsibilitiesinauthorizationspoliciesandapplicablelawsincludinginterviewing hiring mentoring training employees planning assigning directing work assessing workproductqualityappraisingperformance rewarding discipliningemployeesaddressingcomplaintsresolveproblems

    Qualifications/
      setactuariatetechnologydatastrategyidentifyimplementtechnologysolutionsstreamlineworkflowshanceanalyticsdecisionmakingstrengthencontrolsSupervisorCertificateReserveAdditionalLiabilityValuationCashFlowTestingEvaluateAdequacyAssetsBackingReservesMeetFutureObligationsServeIllustrationActuaryOverseeComplianceAspectsofCustomerIllustrationsDetermineImplementNonGuaranteedElementsAllRelatedtestingFilingServeEnterpriseRiskCommitteeChairReinsuranceCommitteeeOverseTreatyDesignAdministrativeSetupBillingRelationshipManageProductDevelopmentPricingRateFormFilingsImplementationLifeInsuranceAnnuityProductsShortLongTermFinancialProjectionsProvideUpdatedYearToDateForecastsRegularBasisMakeDividendRecommendationsBoardDirectorsImplementationDividendScalesApprovedBoardOverseeAdministrationReinsuranceAgreementsPolicyAdministrationSystemConfigurationMaintenanceOverSeeProductCodeConfigurationPolicyAdministrationSystemReportFinancialStatementExhibitsSuppressesNotesInterrogatoriesEtcRelatedToReservesLiabilitiesInForceStatisticsRiskBasedCapitalEtcLinkAssetAllocationPortfolioNewMoneyRateAssumptionSettingAssetModelingInvestmentStrategiesOverSeeExperienceStudiesAccountableAllActurrialAssumptionsLeadAndDevelopActurrialDepartmentFunctionsSetBudgetsMaintainAdministrateStudentProgramEnsuringContinuingEducationRequirementsMetStaffRegularReportingSocietysBoardOfDirectorsManageTheAcutaryTeamWhichMayIncludeManagingSubordinateSuperVisorSinAdditionToOtherStaffIsRespansibleAccoutnTableForOverallDirectionCoordinationEvaluationWorkProducWithinAcuatryTeamCarryOutSupevisoryResponsiblitiesAccordingAuthorisationPolicieApplicableLawsIncludingInterviewHiringMentoringTrainingEmployeesPlanningAssigningDirectedWorkAssessWorkProductQualityAprraisingPerformanceRewardDiscipliningEmployeesAddressComplaintResolveProblemshr>
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