Director Actuarial Services

This job is responsible for the overall management and technical oversight of an actuarial staff (fellows, associates, actuarial candidates, and/or support personnel) where activities are concerned with pricing and rate development; overseeing assigned actuarial staff and projects and developing and implementing sound actuarial policies and practices to help Highmark meet its financial objectives; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales.

Responsibilities

Perform management responsibilities including hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity; Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority; Oversee the preparation of rate filings for large group, small group, direct pay, or senior products; Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business; ensure that all strategies are in compliance with rate filings and applicable regulations; Provide advanced support for the claim reserve process; Provide assistance and risk management to the Product Management and Development area for pricing development of new products; ensure that all new products are financially viable and stable; Determine underlying factors impacting pure premium trends for various products and regions; monitor trends for use in rating; identify any shifts in trend and take appropriate pricing actions; Other duties as assigned or requested

Requirements

Bachelor’s Degree, with a strong emphasis in Actuarial Science, Mathematics and Statistics; 8 years in an Actuarial role; 5 years in a management role and/or leading teams and/or projects of varying size and complexity; Attainment of the ASA or ACAS (Associate) designation AND pursuing FSA or FCAS (Fellowship) designation in the Society of Actuaries or Casualty Actuarial Society; Member of the American Academy of Actuaries (MAAA); Ability to apply extensive knowledge of actuarial methods and procedures; Strong supervisory, communication, organization and project management skills; In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development

Nice to have

10 years in an Actuarial role; Attainment of FSA or FCAS (Fellowship) in the Society of Actuaries or Casualty Actuarial Society; Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics