Manager, Actuarial Job Description

Manager, Actuarial Job Description

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Manager, actuarial provides pricing and risk analysis support to RGA Taiwan by developing and maintaining computer models and financial projections of reinsurance proposals.

Manager, Actuarial Duties & Responsibilities

To write an effective manager, actuarial job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, actuarial job description templates that you can modify and use.

Sample responsibilities for this position include:

Provide actuarial analysis to support various calculations in relation to sales illustrations, pricing policy administration calculations, interest rate models
Add new products to existing models and participate in ad hoc modeling projects
Actively contribute and manage a wide range of client projects of a technical actuarial nature
Manage teams of actuarial trainees as part of a larger project, including performance management
Coordinate with the colleagues in the UK to manage queries from clients and attend client meetings
Contribute to practice management, for example mentoring less experienced colleagues and involvement in recruitment
Provide a commercial perspective and suggest practical solutions to clients for optimisation and streamlining of their internal controls, processes and models and manage teams to implement these solutions
Contribute to practice management, including recruitment, coaching, mentoring and appraisals
Prepare and/ or approve documentation for specific periodic calculations and projects for one time selections of methods or assumptions
Be a regional expert in actuarial modeling, including pricing, reserving, capital, asset liability matching, embedded value, business plan, stochastic modelling

Manager, Actuarial Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Manager, Actuarial

List any licenses or certifications required by the position: PMP, CPA, JD, ASA, ACAS, UK, US, CIA

Education for Manager, Actuarial

Typically a job would require a certain level of education.

Employers hiring for the manager, actuarial job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Education, Technical, Computer Science, Math, Applied Statistics

Skills for Manager, Actuarial

Desired skills for manager, actuarial include:

Products
Claim
Developing analytic solutions
Distribution
Financials
Operations
Reinsurance
Risk control
Sales
Python is desirable

Desired experience for manager, actuarial includes:

At least 1 year of experience of reserving in either health or general insurance
Experience managing teams and projects
Experience of at least one of our key services listed above
Strong knowledge of the general insurance industry
Knowledge of IFRS and/or Reserving
Experience of managing people, projects and client relationships

Manager, Actuarial Examples

1

Manager, Actuarial Job Description

Job Description Example
Our innovative and growing company is hiring for a manager, actuarial. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manager, actuarial
  • Tightly manage the project and team financials and come up with cost conscious options for the business
  • Help validate the system output post implementation of requirements gathered
  • Manage the execution of a monthly process for valuation and financial reporting
  • Based on established processes validate data, reviews data trends and generates Actuarial reports
  • Resolves the issues and identifies appropriate issues for escalation under guidance from team members
  • Maintains updated process documentation and controls
  • Measures performance of actual vs
  • Develop predictive analytics driven models leveraging GLM and other techniques
  • Oversee the construction, selection, and adaptation of complex programs/models to ensure changes are most likely to produce required results within constraints
  • Communicate complex technical results/models to the business and provide recommendations
Qualifications for manager, actuarial
  • Ability to effectively communicate ideas and recommendations orally and in writing, and to listen and consider others’ viewpoint
  • Sees the big picture, but also pays attention to the details
  • Leadership skills in achieving department, project and individual objectives, and in motivating and developing staff
  • Work independently and with teams at various remote locations in addition to home office
  • Excellent communication and judgment
  • The incumbent must hold an undergraduate degree and typically has a graduate education in business management with an emphasis on Finance or Mathematics
2

Manager, Actuarial Job Description

Job Description Example
Our growing company is looking for a manager, actuarial. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manager, actuarial
  • Validate the Modeling activity and resource plan with relevant stakeholders
  • Work with Asia VST Modeling Lead and Global modeling team on model design principles and guidelines and provide comment to address Asia BU specific issues
  • Ensure Asia models are compliant with VST principles while at the same time meet business needs
  • Liaise between VST and BU
  • Provide support to the setup of modeling COE / SSC
  • Supports financial planning and budgeting process
  • Provide high quality, timely consistent, standardized services to customers
  • Continually provide quality and timeliness of work and analysis upon requests to ensure customer needs are met
  • Maintain good working relationships with customers through frequent communication
  • Support the team to establish best practice in product pricing, valuation and analyses with well documentation and input checks from designated countries
Qualifications for manager, actuarial
  • The incumbent for this position should be working towards obtaining the designation of Fellow of the Canadian Institute of Actuaries (FCIA), and a FSA designation which are recognized in federal and provincial law as the formal standard of qualification for the actuarial profession
  • Solid experience of product development and pricing, valuation and Prophet modelling
  • Understanding of capital management, profit and value measure
  • Asian regional experience desirable
  • Degree holder with professional qualification in FSA
  • Excellent PC skills including Word, Excel, Access, Marco
3

Manager, Actuarial Job Description

Job Description Example
Our innovative and growing company is looking for a manager, actuarial. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for manager, actuarial
  • Determine appropriate premium/charge/benefit/product features of the products
  • Propose process improvement opportunities to all regions
  • Support the Prophet Modelling BAU request from local entities
  • Support the regions when they experience issues in Prophet or models during the valuation process
  • Ensure the new product pricing is modelled in Prophet and the methodology used for pricing and valuation is consistent across regions
  • Accountable for the modelling and valuation production on a timely and accurate basis
  • Manage delivery of data projects and enhancements driven by Actuarial and Research business groups
  • Build data marts, analytical data sets to support key business processes
  • Enhance existing data assets like the warehouse with new sources of data and integrate them within the current business model
  • Work with other delivery leads to tightly manage dependencies between the changes
Qualifications for manager, actuarial
  • Experience with Microsoft VBA preferred
  • 3-5 years minimum experience with 3+ exams
  • Proven ability to perform and manage routine tasks
  • Excellent communication skills, both verbal and written and ability to work with onshore client team
  • Proficiency in SAS ,Excel, VBA, Word and PowerPoint
  • Expertise on data extraction, manipulation & validation across various actuarial / non-actuarial softwares (SAS, SQL, MATLAB )
4

Manager, Actuarial Job Description

Job Description Example
Our company is hiring for a manager, actuarial. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for manager, actuarial
  • Communicates difficult concepts and negotiates with others to persuade a different point of view
  • Ensures that proper processes, controls, documentation and reports are utilized by the team
  • Work with cross-functional project teams to develop, scope, plan, and execute on new product initiatives
  • Develop a strong understanding of the risk management profiles of businesses and functions, key strategies and risks
  • Collaborate with other audit teams to provide for an integrated and coordinated approach to insurance risks and audit testing
  • Stay abreast of industry developments and Company actuarial initiatives to adapt audit coverage as appropriate
  • Work with the client in a consulting role to add value and resolve critical problems
  • Provide analysis on whether internal and external projects, solutions or investments are likely to lower healthcare costs and to what degree
  • Participate with Business Development, Medical Integrity, Clinical, Teams on initiatives to ensure appropriate and relevant healthcare cost and health economic factors are captured
  • Using mathematical modelling techniques and statistical concepts to determine probability and assess risks to price Medicare services
Qualifications for manager, actuarial
  • Strong computer skills (Excel, Access, VBA, SQL)
  • Excellent PC skills including MS Word, Excel, Access
  • Proficiency in Excel, VBA, Word and PowerPoint
  • Minimum 4 years' relevant experience in the life insurance industry or actuarial consultant industry
  • AXIS modeling experience is an asset
  • Knowledge on HK and some other Asia local reporting bases
5

Manager, Actuarial Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of manager, actuarial. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, actuarial
  • Planning and managing approved actuarial related technology projects, prioritized and budgeted in coordination with the business, targeted to improve efficiency and effectiveness of the business processes and aligned to XL Catlin's strategy
  • Partnering with actuarial business, Platform and Technology teams to help define clear requirements and goals, priorities, allocate resources, ensure business sponsorship and commitment, and develop a strong partnership with the business
  • Operating within the framework that many specialized systems and tools may continue to be developed by the actuaries themselves
  • Managing various initiatives, including analysis, development, testing and deployment of vendor and XL Catlin product updates and associated infrastructure improvements
  • Managing and organizing a global team to support the Reserving and Risk Analytics departments
  • Ensuring regular and clear communication on activities, project status and progress on issues to the various actuarial teams
  • Developing and maintaining a good working relationship with actuarial system vendors and their application capabilities and roadmap
  • Supporting the internal and external audit and compliance processes
  • Assuming additional related responsibilities as required
  • Review the work of team members for accuracy, completeness and reasonability
Qualifications for manager, actuarial
  • Review reporting prepared by others to assure consistency and appropriateness of methodologies used
  • At least 5 years financial services industry experience, and preferably, a Fellow of a recognized actuarial institute or equivalent
  • Asian regional or local experience desirable
  • Assists in the preparation of proposals/tenders and presentations on request
  • Develops market network in business and builds relationships that generate leads
  • Generates innovative solutions on projects / engagements in collaboration with team members to enhance / renew service offerings to client

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