Actuary jobs in Portland, ME

Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary 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. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Director, Actuary
  • Unum
  • Portland, ME FULL_TIME
  • Job Posting End Date: April 01

    When you join the team at Unum, you become part of an organization committed to helping you thrive.

    Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life’s moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:

    • Award-winning culture

    • Inclusion and diversity as a priority

    • Performance Based Incentive Plans

    • Competitive benefits package that includes: Health, Vision, Dental, Short & Long-Term Disability

    • Generous PTO (including paid time to volunteer!)

    • Up to 9.5% 401(k) employer contribution

    • Mental health support

    • Career advancement opportunities

    • Student loan repayment options

    • Tuition reimbursement

    • Flexible work environments

    • All the benefits listed above are subject to the terms of their individual Plans.

    And that’s just the beginning…

    With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you’re directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

    General Summary:

    This is a senior level position that requires independent judgment, initiative and solid business knowledge. This role actively identifies, researches and analyzes a variety of actuarial issues and concepts. In this role, one will identify, plan and initiate projects and may manage a team. Considerable reliance will be placed on the individual’s judgment. This position is an active participant on a variety of other cross functional/operating teams (e.g., underwriting, compliance, customer care etc.) Minimum qualifications include at least four years of relevant experience and the designation of Fellow of the Society of Actuaries.

    Principal Duties and Responsibilities

    • Analyze emerging experience, monitor marketplace trends, and identify issues
    • Develop analysis framework and recommend enhancements
    • Recommend updated pricing, valuation or reserving assumptions to management
    • Lead development of tools to support pricing, valuation, underwriting and business analysis and participate in implementation efforts
    • Prepare financial reports and projections; perform analysis of financial data
    • Participate actively on cross-functional/operational task forces (e.g. underwriting, compliance, customer care)
    • Mentor, manage and train an actuarial support staff
    • May perform other duties as assigned

    Job Specifications

    • Bachelors degree required
    • Fellowship in the Society of Actuaries
    • At least four years of relevant experience and/or a high level of technical expertise
    • Strong problem solving ability and project management skills
    • Hands-on experience with current technology
    • Solid people management
    • Strong verbal and written communication skills
    • Demonstrates strong leadership abilities

    Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

    The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

    $109,100.00-$213,300.00

    Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.

    Company:

    Unum
  • 28 Days Ago

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0 Actuary jobs found in Portland, ME area

K
KFC General Manager - Salary Non Exempt
  • KFC
  • Saco, ME
  • KFC, we feed the world. But we do more than fill people up. We fulfill their life. Our meals matter, and when we serve t...
  • 4/22/2024 12:00:00 AM

K
KFC General Manager - Salary Non Exempt
  • KFC
  • Sanford, ME
  • KFC, we feed the world. But we do more than fill people up. We fulfill their life. Our meals matter, and when we serve t...
  • 4/22/2024 12:00:00 AM

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Manager Trainee - Operations (Travel Program; Relocation Required)
  • Biolife Plasma Services
  • Portland, ME
  • By clicking the Apply button, I understand that my employment application process with Takeda will commence and that the...
  • 4/22/2024 12:00:00 AM

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Revenue Integrity Analyst II- Physician Billing
  • Maine Health
  • Scarborough, ME
  • Full Time301B Route 1Professional - NonclinicalDay Shift* Position Summary* Fully remote positionThis position contribut...
  • 4/22/2024 12:00:00 AM

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Leadership and Legacy Gift Officer
  • Waynflete
  • Portland, ME
  • Waynflete School, a non-profit, independent day school in Portland, Maine, has been home to families seeking an extraord...
  • 4/18/2024 12:00:00 AM

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RN Patient Care Manager
  • Gentiva Hospice
  • Portland, ME
  • Our Company: Gentiva Hospice is a member of the Gentiva family – an industry leader in hospice, palliative, home health,...
  • 4/8/2024 12:00:00 AM

E
Branch Office Administrator
  • Edward Jones
  • Gray, ME
  • Would you call yourself a relationship builder, a problem solver or a critical thinker? If you answered yes, we need you...
  • 3/25/2024 12:00:00 AM

E
Branch Office Administrator
  • Edward Jones
  • South Berwick, ME
  • Would you call yourself a relationship builder, a problem solver or a critical thinker? If you answered yes, we need you...
  • 3/19/2024 12:00:00 AM

Portland is a city in the U.S. state of Maine, with a population of 67,067 as of 2017. The Greater Portland metropolitan area is home to over half a million people, more than one-third of Maine's total population, making it the most populous metro in northern New England (an area comprising the states of Maine, New Hampshire, and Vermont). Portland is Maine's economic center, with an economy that relies on the service sector and tourism. The Old Port district is known for its 19th-century architecture and nightlife. Marine industry still plays an important role in the city's economy, with an a...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$72,757 to $91,044
Portland, Maine area prices
were up 1.6% from a year ago

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