Director, Actuarial Science

Overview

The Director of Actuarial Science is responsible for setting strategic direction, driving innovation, and producing key insights that enhance organizational performance.

Responsibilities

• Lead pricing, forecasting, month-end close activities, and performance monitoring, including developing key processes, assumptions, accruals, and evaluating financial experience and trend drivers with comparisons to budget and reforecast.
• Develop initiatives to improve efficiency and affordability.
• Guide teams in creating multiple internal statistical models supporting business goals such as bid pricing, financial projections, contract modeling, and ad hoc projects.
• Proactively communicate actuarial concepts and business drivers to senior management and support interactions with federal and state regulators.
• Lead new business projects for the business development team at the senior management level as requested.
• Ensure integrity of all federal and state rate filing requirements.
• Identify and lead cross-functional opportunities where the actuarial team can contribute to corporate goals.
• Manage and mentor a team of actuaries, ensuring compliance with Actuarial Standards of Practice and supporting their training and development.
• Stay current with industry developments, including federal and state regulations and sub-regulatory guidance, and explain their business impacts.
• Develop tactical plans and goals for the actuarial function, making decisions that impact the area.
• Understand and explain financial drivers for owned products and markets, including IBNR and other accruals.
• Leverage actuarial expertise to support the design, development, and implementation of AI-enabled solutions within the actuarial department.
• Partner with internal stakeholders to transition AI applications from exploration to scalable solutions supporting pricing, forecasting, financial analysis, regulatory support, and other actuarial functions.
• Monitor emerging AI capabilities, evaluate their applicability, and guide responsible implementation to improve efficiency and business decision support.
• Perform other job-related duties as assigned.

Requirements

• Bachelor's degree in actuarial science, mathematics, economics, or a related field.
• Eight (8) years of decision support, financial analysis, or actuarial experience preferred.
• Three (3) years of management experience preferred.
• Strong experience with databases such as SAS or Access preferred.
• Experience in managed care or healthcare preferred.
• Associate of the Society of Actuaries (ASA) required.
• Fellow of the Society of Actuaries (FSA) preferred.

Skills and Competencies

• Excellent written and verbal communication skills.
• Strong listening and critical thinking abilities.
• High level of professionalism and interpersonal skills.
• Ability to manage, develop, and motivate staff.
• Comfortable interacting with all levels of management and external stakeholders.
• Strong problem-solving skills and attention to detail.
• Ability to analyze data, report findings, and exercise sound business judgment.
• Experience leading audits of data and models.
• Expert proficiency with Microsoft Excel, Word, and PowerPoint.
• Advanced knowledge of SQL, SAS, R, or other data manipulation software preferred.

Working Conditions

• General office environment with potential for extended periods of sitting or standing.
• Up to 15% occasional travel based on departmental needs.

Compensation and Benefits

• Salary range: $135,600.00 - $237,400.00, determined by education, training, experience, role scope, discretion, and internal/external data.
• Eligibility for performance-based bonus.
• Comprehensive total rewards package supporting employee well-being.

Location

Not specified.