Deputy Chief Actuary
Citizens
- Austin, TX
- Permanent
- Full-time
- Establishing, maintaining, and reviewing profitability guidelines for evaluating financial performance of business units.
- Monitoring, analyzing, and reporting to Senior Management on the key emerging profitability for new business and in-force business. Variances from pricing must be identified and their impact quantified based on results of experience studies (claims, persistency, and expenses).
- Supporting the CFO by providing actuarial advice and counsel in the development of financial plans, financial reporting, achievement of strategic goals, and managing capital.
- Serving as a key member of the organization's leadership team and implementing/maintaining actuarial processes and controls to ensure timely reporting and accurate actuarial inputs to all internal and external customers.
- Evaluating mortality and lapse experience. Provide it to the Underwriting Department in a form that facilitates their analysis, with an aim toward making the underwriting process more effective.
- Overseeing and ensuring timely and accurate filing of all actuarial deliverables to internal customers, regulators, and auditors.
- Overseeing and approving annual preparation of Appointed Actuary's Actuarial Opinions and Memoranda for the United States/Puerto Rico, and the Regulatory Asset Adequacy Issues Summary for the United States.
- Ensuring compliance with emerging standards, such as Principles-Based Reserves (PBR) and the FASB's Targeted Improvements for Long-Duration Contracts (LDTI).
- Providing all aspects of pricing support on product development activities, business development initiatives, and ad hoc projects.
- Recommending assumption setting for actuarial reserving, financial projections, dividends, and pricing based on the results of experience studies.
- Promoting effective and agile risk governance at all levels of the organization.
- Playing the lead role in attracting, hiring, and retaining top actuarial talent, including maintaining and updating the Actuarial Study program to be competitive with the industry. This also includes motivating and maintaining high employee morale and supporting professional development of actuarial studies and continuing education.
- Playing the lead role in identifying when external actuarial expertise is required and selecting, managing, and ensuring quality deliverables within budget.
- Complying with the continuing professional education requirements of the Society of Actuaries and the American Academy of Actuaries.
- Bachelor's degree in actuarial science or relevant mathematical field
- Minimum of fifteen years of actuarial experience, with exposure to financial reporting and pricing
- Associate of the Society of Actuaries
- Member of the American Academy of Actuaries
- Strong knowledge of Moody's AXIS, including valuation, cash flow, asset/liability projections and pricing experience
- Must have strong knowledge of Life and Health products, regulatory requirements, actuarial principals and current practices.
- Very strong technical actuarial skills
- Strong written and oral communication and leadership skills, with proven successful experience working with Executive Management
- Ability to influence key stakeholders and work well in developing partnerships with Marketing, Finance and Senior Management
- Ability to work and solve problems independently and work under pressure.
- Demonstrated ability to establish plans and manage their execution.
- Demonstrated leadership in managing and developing actuarial staff.
- Proficient with Microsoft Excel, PowerPoint and Word
- Knowledge of financial controls in a corporate environment
- Ability to effectively prioritize and execute tasks in a fast-paced environment and meet business deadlines.
- Ability to address issues/concerns in a professional manner.
- Ability to collaborate and interact effectively with internal and external stakeholders.
- Fellow of the Society of Actuaries (FSA)
- Experience as an appointed actuary or valuation actuary and pricing products
- Technical and systems expertise a plus