Actuarial Services Director jobs in Overland Park, KS

Actuarial Services Director directs the activities of an organization's actuarial function. Oversees the analysis and evaluation of potential risks to determine the financial impacts of new or existing insurance plans. Being an Actuarial Services Director develops policies, procedures, and formulas to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Designs processes and guidelines to ensure regulatory compliance of products and financial operations. Additionally, Actuarial Services Director leads the design and development of insurance products by evaluating and approving insurance rates, premium levels, and rating systems and structures. Oversees the preparation of actuarial reports, financial statements, and regulatory filings and develops financial budgets, forecasts, and other financial projections. Researches and selects major rating assumptions to support accurate statistical analysis and evaluates the effectiveness of existing formulas. Evaluates product performance against established profitability targets and recommends modifications. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Services Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Actuarial Services Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

Recently Added Actuarial Services Director jobs

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Actuarial Analyst I
  • Armed Forces Insurance
  • Leavenworth, KS FULL_TIME
  • Actuarial Analyst I - Pricing
    Starting salary $59,966-$69,960, Depending on Experience
    This start date for this position is Spring of 2024.

    Our Company:

    Since 1887, Armed Forces Insurance (AFI) has existed with a single, unwavering purpose: To protect the people who protect our nation. For more than 135 years, we’ve provided home insurance, renter insurance and auto insurance and much more to our members. We proudly serve active, retired and former military personnel, their families and civilian Department of Defense employees.

    AFI is a family friendly organization offering competitive compensation, an outstanding work environment and great benefits. AFI is headquartered in Leavenworth, Kansas approximately 20 minutes from the Legends.

    SUMMARY
    This is an entry level actuarial analyst position on the Pricing team. This person supports pricing of personal lines insurance using accepted actuarial standards, methods, and knowledge gained through the Casualty Actuarial Society exam process. He/She works closely with their manager to develop appropriate pricing, planning and product strategies of basic complexity to support business goals.
    KEY ACCOUNTABILITIES
    • Completes basic actuarial functions and analysis used in determining the rate level need for all lines of business.
    • Develops, maintains, and analyzes basic tools and models for review of AFI and industry products and rate structures including review and evaluation of the appropriateness of basic actuarial formulae.
    • Completes assigned rate reviews, product reviews and statistical requirements in an accurate and timely manner to assure regulatory compliance and adherence to standard actuarial practices.
    • Performs and evaluates basic analysis (e.g., competitor analysis, risk management, financial, business strategy, retention, etc.).
    • Adheres to internal and external compliance requirements/standards including actuarial and regulatory/legislative practices.
    • Actively participates in actuarial development within the department.
    • Forecasts and communicates short-term and long-term project deliverables and status with assistance.
    ESSENTIAL FUNCTIONS
    • Develops, uses, and maintains internally developed and vendor provided software applications to analyze and develop rate proposals.
    • Develops and maintains effective working relationships within the unit and with other AFI departments. Coordinates efforts with other units to support accomplishment of organizational goals and objectives.
    • Provides guidance relative to AFI pricing strategies, internal policies and methods.
    • Assists in guiding the development of unit employees. Directs technical instruction relative to rate structure analysis (AFI and competitors), form and filing completion. applicable query software, research techniques, and statistical reporting and documentation requirements.
    • Performs or assists in basic actuarial analysis (e.g. competitor analysis, risk management, business strategy, retention, predictive modeling).
    QUALIFICATIONS
    EDUCATION
    Bachelors Degree required – preferably in a relevant discipline such as Mathematics, Statistics, Actuarial Science, Economics, Engineering, Computer Science or other directly relevant discipline
    EXPERIENCE
    Entry-level position, prefer one or more internships in a property/casualty insurance company. Actuarial examination or education may substitute for work experience.
    LANGUAGE SKILLS
    Excellent verbal communications skills, to include the ability to conduct efficient unit meetings and/or training sessions
    Excellent written communications skills, to include the ability to the ability to produce well-documented recommendations for management, policy and procedure statements, and correspondence with external professional contacts (regulators, other insurance company staff, etc.)
    Working knowledge of MS Outlook and Word
    Working knowledge of MS Excel, Access and SQL Server
    Ability to learn mapping software (e.g. MapInfo, MapMarker, SpatialKey) and loss analysis software (e.g. ReservePro)
    Ability to learn to utilize AFI’s computer systems and complex query tools for data access, manipulation, and segmentation
    MATHEMATICAL SKILLS
    Ability to perform complex mathematical functions which may include statistical and regression analysis, modeling, and variance analysis.
    REASONING ABILITY
    Ability to gather and analyze relevant facts and information needed to determine appropriate actions or recommendations to management
    Demonstrates excellent negotiation skills
    Demonstrates sound judgment and decision-making skills
    Ability to prioritize tasks with only general guidance
    PROFESSIONAL CERTIFICATIONS, LICENSES, REGISTRATIONS
    Entry-level actuarial student pursuing actuarial designation, preferably completion of CAS Exams 1 & 2, and completion of CAS Online Course 1 & 2 within 33 months in the position.
    PHYSICAL DEMANDS / WORK ENVIRONMENT
    The work is primarily sedentary. The employee will generally be seated to perform the work, but will also do some walking, standing, bending, and carrying of light items (less than 10 lbs.).
    The noise level of the work is low. The area is adequately lighted, heated, and ventilated.
    This position is classified as Exempt under the Fair Labor Standards Act. The working hours will generally be traditional business hours. However, the incumbent must be available to work extended and/or flexible hours as necessary to accomplish assigned tasks.
    We’ve got you covered…
    • Full benefits package including health, dental, vision, life & disability insurance including an employee assistance program (EAP)
    • 401(k) including employer match & safe harbor contributions
    • Generous paid time off policy, medical leave, volunteer time off and 9 paid holidays
    • We support employee training and professional development opportunities with a tuition reimbursement program and continuing education and re-certification opportunities
    • Volunteering and community engagement opportunities
  • 22 Days Ago
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RN Director Women's Services
  • Overland Park Regional Medical Center
  • Overland Park, KS FULL_TIME
  • This position is incentive eligible. Introduction Overland Park Regional Medical Center is committed to investing in the latest technology enabling nurses to work more efficiently. Are you passionate ...
  • 22 Days Ago
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Health Services Director
  • Trustwell Living of Overland Park
  • Overland Park, KS FULL_TIME
  • Health Services Director Remember why you went into nursing; at Trustwell Living you have the ability to make a meaningful difference in the lives of seniors, families, and team members every day. Pri...
  • 22 Days Ago
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Social Services Director
  • Life Care Center of Osawatomie
  • Osawatomie, KS FULL_TIME
  • Position DetailsEmployment Status: Full-TimeShift: Day Position Summary The Social Services Director plans, organizes, develops, and directs the overall operation of the Social Services department to ...
  • 24 Days Ago
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Director of Womens Services
  • Healthcare Support Staffing, Inc
  • Overland Park, KS OTHER
  • Director of Women's Services HealthCare Support is actively seeking a Director of Women's Services to fill an opening with a well-known Hospital in Overland Park, KS. Daily Responsibilities for the Di...
  • 24 Days Ago
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Director of BioPharma Services
  • KCAS Bio
  • Olathe, KS FULL_TIME
  • Performing critical work that impacts our industry and our world’s health while problem solving and innovating in the field – that is what we get to do every day at KCAS Bio. If that gets you excited ...
  • 26 Days Ago
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0 Actuarial Services Director jobs found in Overland Park, KS area

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Crop Insurance Policy and Procedure Analyst
  • National Crop Insurance Services
  • Overland Park, KS
  • Crop Insurance Policy and Procedure Analyst National Crop Insurance Services, Inc. (NCIS) is a non-profit service organi...
  • 4/30/2024 12:00:00 AM
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Auto Claims Adjuster
  • The Jacobson Group
  • Overland Park, KS
  • Job Description Job Description Weekly Pay (Every Friday) No weekends M-F 8-4:30P Join an insurance industry leader! Our...
  • 4/30/2024 12:00:00 AM
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REMOTE: Medical Director, Utilization Management and Medical Policy
  • Evry Health
  • Kansas City, MO
  • About the RoleEvry Health is hiring a tech-savvy Medical Director to lead medical policy and utilization management. As ...
  • 4/29/2024 12:00:00 AM
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Claims Examiner - General Liability / Bodily Injury (CST & EST Regions)
  • Sedgwick
  • Overland Park, KS
  • Taking care of people is at the heart of everything we do, and we start by taking care of you, our valued colleague. A c...
  • 4/29/2024 12:00:00 AM
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Claims Specialist I, Auto
  • Zurich NA
  • Overland Park, KS
  • Claims Specialist I, Auto 109255 Zurich is currently hiring a Claims Specialists I to join their Auto Claims Team. This ...
  • 4/29/2024 12:00:00 AM
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Director of Underwriting
  • Steadily
  • Overland Park, KS
  • We hire the best to have stars in every role. As one of Americas fastest-growing startups, there is no shortage of oppor...
  • 4/29/2024 12:00:00 AM
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Claims Consultant - Claims
  • Marsh & McLennan Companies, Inc.
  • Leawood, KS
  • Company: Description: Our not-so-secret sauce. Award-winning, inclusive, Top Workplace culture doesn't happen overnight....
  • 4/27/2024 12:00:00 AM
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Treasury Compliance Manager
  • SelectQuote, Inc.
  • Leawood, KS
  • About the Role: Treasury Compliance Manager Job Summary: Implement and execute ongoing compliance reporting associated w...
  • 4/27/2024 12:00:00 AM
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About Overland Park, Kansas

Overland Park is located in northeastern Kansas at the junction of Interstate 435 and U.S. Route 69 immediately east of Olathe, the county seat. The city center is roughly 13 miles (21 km) south-southwest of downtown Kansas City, Missouri. The city lies on the northern edge of the Osage Plains a few miles south of the Kansas River. One of the river's tributaries, Turkey Creek, flows northeast through the extreme northern part of the city. South of Turkey Creek, the majority of the city lies in the watershed of the Blue River. Several of the river's tributaries run east-northeast across the cit...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuarial Services Director jobs
$288,510 to $405,297
Overland Park, Kansas area prices
were up 1.7% from a year ago
View detail

What does an Actuarial Services Director do?

Actuarial Services Director in Spokane, WA
Responsible for stat and federal filings including actuarial certification.
December 28, 2019
Actuarial Services Director in Lafayette, LA
JOB SUMMARYThe Manager of Actuarial Services will serve under the general direction of the VP of Finance and is responsible for supervising, gathering and evaluating membership claims and premium data for ratemaking, budgeting, benefits, trends, provider networks, etc.
December 26, 2019
Actuarial Services Director in Grand Forks, ND
Applying probability and statistics to the practical problems of insurance, our actuarial team performs a variety of duties, including calculating the cost of premiums and policy values, preparing statistical studies, and forecasting financial results.
February 20, 2020