Top Actuarial Executive provides leadership, innovation, and oversight to an organization's actuarial function. Develops policies, procedures, and formulas to guide statistical analysis and actuarial research and accurately evaluate the likelihood and financial impact of various risks. Being a Top Actuarial Executive ensures policies and procedures are implemented effectively to ensure regulatory compliance of all financial operations and products. Responsible for the strategic planning and oversight of product development. Additionally, Top Actuarial Executive establishes profitability targets and regularly reviews product rates, premium levels, and rating systems to evaluate effectiveness and measure performance against targets. Reviews and validates financial statements, regulatory filings, and other financial projections before publishing or submitting. Communicates with marketing and other key stakeholders to present rating structures and systems and ensure adequate understanding of products. 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 top management. The Top Actuarial Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Actuarial Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Position Type :
Full timeType Of Hire :
Experienced (relevant combo of work and education)Education Desired :
Bachelor's DegreeTravel Percentage :
15 - 25%About the team
FIS’ Insurance Business provides mission-critical software and services to institutions in virtually every segment of the insurance services industry across the Globe. Within the FIS Capital Markets Division, our team members located across the globe, focus on supporting the Life Insurance, Health Insurance, General Insurance (GI), and Pension or Retirement Product marketplaces with our globally acclaimed and market leading Prophet software.
You will join a global consulting services team which is responsible for delivering consultancy services during the implementation of the FIS Prophet solution. Your focus will be on delivering actuarial consulting services for Prophet GI, and you will work in a team of highly skilled and extremely knowledgeable individuals with experience of major migrations, conversions and implementations across the World for various global insurance companies.
What you will be doing
The Actuarial Manager role based in the UK is a key client facing role within the Risk Consulting Services business at FIS, and it is expected you will work closely alongside other members of the Risk Consulting Services and Solutions teams on client delivery for Prophet GI engagements. You will report to an Actuarial Principal in our business and you will provide:
In the role you will bring a strong client focus with the ability to lead and facilitate client workshops, and you will be expected to be flexible, adaptable and professional in your approach to working with clients. The role will also involve a level of travel to support Prophet GI client projects.
For Prophet GI key clients you will be involved in delivering the following types of Prophet engagements:
What you bring
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What we offer you
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Privacy Statement
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
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