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VP Chief Life Actuary

Alfa Insurance Corporate Careers
Montgomery, AL Full Time
POSTED ON 11/21/2023
Company Overview

Alfa Insurance® is an A-rated insurance carrier that offers an excellent array of automobile, home, life, farm and business insurance products.  Alfa is known for its superior customer service and boasts 94% claims satisfaction.  Since its humble beginnings in 1946, Alfa and its affiliates now serve more than 1 million customers across 14 states. 

Working as a VP Chief Life Actuary for Alfa Insurance® is more than helping maintain a profitable and competitive rate structure. It’s becoming part of well-respected company that is based on faith, family, community and integrity. Become part of the Alfa family where you can discover your purpose and help make a difference in the lives of our policyholders and your community.

Job Summary
As the VP Chief Life Actuary at Alfa Insurance, you are accountable for directing the development of new products, developing rates and reserves, reporting contractual liabilities, and assuring compliance with state and federal reporting regulations.   In addition, the VP Chief Life Actuary is responsible for advising on tax matters connected with insurance products, monitoring the level and trend of profit and profitability by line of business and/or product, establishing values for existing blocks of business, and providing advice regarding the risk potential and/or financial impact of new and existing reinsurance transactions.
 
Responsibilities 
  • Accountable for directing the development of new products, developing rates and reserves, reporting contractual liabilities, and assuring compliance with state and federal reporting regulations, advising on tax matters connected with insurance products, monitoring the level and trend of profit and profitability by line of business and/or product, establishing values for existing blocks of business, and providing advice regarding the risk potential and/or financial impact of new and existing reinsurance transactions. 
  • Develop efficient processing guidelines for new policies to assure effective policy administration and record keeping 
Qualifications
  •  4-year college degree required
  • Be a member of the American Academy of Actuaries, a Fellow of the Society of Actuaries or an Associate with extensive experience (i.e. 10 or more years) and knowledge of insurance products and operations 
Benefits/Perks
  • Opportunity for annual performance bonus
  • Discounts on your auto insurance (underwriting approval required)
  • Benefits include: Health, dental, supplemental cancer, vision insurance and 401(k) plan
  • Paid time off
  • Short-term and long-term disability
  • Flexible Healthcare and Childcare spending accounts for tax savings
  • Opportunities for advancement
  • Continuous training and support throughout your career with Alfa
  • College tuition discounts at various colleges in Alabama
  • Verizon Wireless Discounts and more
  • Fitness center
  • Onsite cafeteria
  • Access to onsite childcare center

Salary.com Estimation for VP Chief Life Actuary in Montgomery, AL
$103,223 to $138,493
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