Vice President - Life Actuary

Description

Vice President - Life Actuary

Looking to join a growing company dedicated to helping others? We offer that, plus competitive salaries, a culture of learning, and a fast-paced environment. This is a hybrid position with 3 days in-office. Join our team to help make a difference in the lives of others! 

About Continental General:

The Continental General family of companies has provided insurance, including life and long-term care policies, to individuals and groups for over 30 years, and currently supports over 100,000 policyholders. Both our insurance company, Continental General Insurance Company, and our third-party administrator, Continental General Services, are committed to the continuous development of our infrastructure, processes, and people. The group is actively growing through expansion of both its insurance portfolio and its administrative services. With each opportunity, we take a collaborative approach to address challenges and provide unique solutions.

• Originates, leads, and evaluates process and framework updates which are of a highly specialized, complex, and strategic nature

• Leads efforts within the actuarial department to develop strategies to improve life insurance product development while addressing and mitigating risks

• Anticipates internal and / or external business challenges and / or regulatory issues, making recommendations for process and / or reporting improvements to the management team

• Responsible for the appropriateness of actuarial or mathematical techniques and has input into and may formulate company policy regarding actuarial standards and appropriate courses of action

• Demonstrates specialized expertise in life insurance pricing and life insurance reserving

• Monitors level and trend of profit and profitability for life insurance product and monitors risk position

• Represents the company on industry and professional committees

• Maintains extensive knowledge of insurance products, operations, and existing regulations

• Acts as an independent review and evaluation body to ensure that risk management issues/concerns are being appropriately evaluated, investigated, and resolved

• May handle departmental responsibilities and actuarial systems

• Leads the work of others (mentors, prioritizes, delegates and reviews assignments)

• Directs life insurance product development (including equity indexed), coordinating with sales, compliance, underwriting, operations teams, and issuing life product actuarial memoranda

• Prepares actuarial portion of financial reports in accordance Statutory Accounting Principles (SAP) for life insurance products and interest rate and market rate hedging

• Serves as Illustration Actuary

• Reviews and approves analysis of reserves (life principle-based reserves) and non-forfeiture values of new and existing products

• Oversees the annual update of assumptions, including implementation and / or auditing the implementation of assumptions into actuarial models

• Maintains extensive knowledge of GAAP, Statutory and tax reporting requirements

• Performs other duties as assigned

Qualifications

Note: Applicants must be authorized to work for a U.S. employer without sponsorship. We are unable to sponsor or take over sponsorship of an Employment Visa at this time or at any time in the future.

Education: Bachelor's degree or equivalent

Field of Study: Actuarial Science, Mathematics, Statistics, or a related discipline

Experience: Minimum of 10 years of relevant Actuarial experience

• Requires expertise in modeling, programming, or quantitative analysis

• Communicating and presenting statistical information to all levels of management is expected

• Associate of the Society of Actuaries (ASA) designation

• Must be a Member of the American Academy of Actuaries (MAAA)

• Three or more years of proven leadership over a team of associates and actuaries

• Leadership skills, with the ability to lead team members toward achievement of actuarial objectives

Scope of Job:

Perform work under minimal supervision. Work within the highest authority limits on assignments reflecting the highest degree of technical complexity and coordination. Possess the highest and most extensive level of technical knowledge and skills, including product and industry. Supply technical inspiration, leadership, and innovation. Be recognized as a company expert in the field. This is the highest level of technical actuarial specialization and expertise. Work is highly complex and strategic.

Salary : $125,000 - $225,000