Actuarial Manager

At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together.

*Preferred candidate would reside within 50 miles of the Des Moines Metro*

JOB SUMMARY

Manages the workload and performance of an actuarial team.  Manages and leads multiple special projects.  Plans and prioritizes team’s work in accordance with broader department objectives and priorities.  Oversees the integrity of the actuarial work product.  Executes strategies and the direction for the department, and ensures team projects, goals, and objectives support the short-term strategy.

ESSENTIAL FUNCTIONS

• Guides team through complex work issues and answers questions.

• Collaborates with team members to establish performance goals and monitors status. 

• Conducts reviews and provides coaching.  Interviews, hires, and recommends salary adjustments for team members. 

• Provides training for team and encourages continuing education.

• Answers questions and guides team through difficult situations.

• Trains and mentors team members on advanced technical skills and knowledge and provides technical guidance to the team.

• Ensures that actuarial team members are developing knowledge on the best practices associated with assigned areas so that the team continues to be cross functional with their knowledge.

• Manages and leads multiple special projects, such as oversees projects supporting regional pricing strategies and enhances and improves current actuarial techniques, sets the vision and strategy for pricing, updates the loss trend calculation algorithm, and oversees branch business planning and enterprise financial projections. 

• Effectively plans and prioritizes team’s work in accordance with broader department objectives and priorities.

• Oversees the integrity of the actuarial work product.  

• Finds and implements the vision of technical progression of the line of business and business area, including using deep knowledge expertise to compile all research, making the decision to change the process, and implementing the change. 

• Executes strategies and the direction for the department. 

• Ensures team projects, goals, and objectives support the short-term strategy. 

• Serves as subject matter expert for any special requests within pricing, including target loss ratio development, loss trend analysis, portfolio premium adequacy analysis, forecasting, and rate compare enhancement and maintenance decisions. 

• Executes incorporation of the latest actuarial techniques into pricing, and modeling such as new rating algorithms, new rating variables, advanced modeling techniques.

SUPERVISION

• Actuarial Analyst

• Senior Actuarial Analyst

• Actuarial Specialist

EDUCATION & EXPERIENCE

The education and experience below are required for the job unless labelled as preferred:

• Bachelor’s degree in actuarial science or math

• Seven years of actuarial experience

• FCAS designation or equivalent relevant experience

• Prior supervisory or managerial experience

• Additional experience, exams or graduate level coursework may be considered in meeting the requirements

KNOWLEDGE, SKILLS & ABILITIES

The knowledge, skills and abilities below are required for the job unless labelled as preferred:

• Advanced knowledge of actuarial terminology, concepts, and theory

• Excellent knowledge of statistics, probability, and computer programming

• Deep subject matter expert in Pricing, Reserving, or Predictive Modeling or other technical actuarial area: Catastrophe Model, the Economic Capital Model and Assumed Reinsurance

• Excellent analytical, investigation and problem-solving abilities

• Advanced knowledge of Excel, PowerPoint, PowerBI, and Word

• Ability to effectively lead a team

NOTICE

This description in no way states or implies that these are the only duties to be performed by the team member occupying this job. Team members are required to follow any other job-related instructions and to perform any other job-related duties requested by their supervisor.

This document does not constitute an employment contract, express or imply, other than an “at will” employment relationship

The hiring salary range for this position will vary based on geographic location, falling within either the $138,330 to $198,267 range or the $152,515 to $218,599 range. A hiring range represents a subset of the full salary range.  The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs. 

Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.

All of our locations are tobacco free including in company vehicles.