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Vice President- Actuary

WEST CONGRESS INSURANCE SERVICES LLC
Posted 3 months ago, valid for 16 days
Location

Manchester, NH 03101, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The job is located in Manchester, NH, and is a full-time position requiring a minimum of 10 years of progressive actuarial experience in a Fortune 100 company or equivalent.
  • The role involves overseeing actuarial departments, managing teams, and ensuring timely execution of deliverables while fostering a culture of analytical excellence.
  • Key responsibilities include risk management, strategic leadership, pricing and product development, regulatory compliance, and financial reporting.
  • Candidates should possess a Bachelor's degree in a related field, with a Master's degree preferred, and hold U.S. actuarial qualifications such as FCAS or equivalent.
  • The position offers a competitive salary, though the specific amount is not disclosed in the job description.

Job DetailsJob Location: Manchester, NH 03101Position Type: Full TimeJob Shift: AnyActuarial Leadership & Management Oversee all actuarial departments and supervise actuarial teams to ensure efficient and timely execution of daily, monthly, and annual deliverables. Lead, mentor, and develop actuarial staff, fostering a culture of analytical excellence and accountability. Establish and maintain best practices for actuarial operations and reporting processes. Risk Management Identify, evaluate, and manage financial risk exposures related to accidents, illnesses, liabilities, and market fluctuations. Collaborate with executive leadership to develop strategies for maintaining profitability and capital adequacy under various risk scenarios. Strategic Leadership Serve as a key member of the executive team, contributing to corporate strategy and long-term financial planning. Align actuarial strategies and insights with business objectives, supporting organizational growth and sustainability. Provide executive-level insight into emerging market trends, risk exposures, and financial projections. Pricing and Product Development Develop and validate pricing models for insurance products to ensure competitiveness and profitability. Partner with product development and underwriting teams to design innovative insurance solutions aligned with customer needs and market trends. Monitor portfolio performance and adjust assumptions or models as needed to meet financial targets. Regulatory Compliance and Governance Ensure all actuarial methodologies, models, and assumptions comply with applicable laws, regulations, and industry standards. Maintain transparency and integrity in actuarial reporting to internal and external stakeholders, including auditors and regulators. Oversee the preparation and submission of actuarial statements and certifications required by regulatory agencies. Financial Reporting and Analysis Oversee actuarial input into financial statements and ensure the accuracy of reserves, loss ratios, and related projections. Collaborate with finance, underwriting, and investment departments to provide comprehensive financial analysis. Support executive and board-level reporting with data-driven insights into financial performance and risk exposure. Qualifications Education: Bachelor’s degree in mathematics, Actuarial Science, Statistics, Finance, or a related analytical discipline; Master’s degree preferred. Experience: Minimum 10+ years of progressive actuarial experience in a Fortune 100 company or equivalent large-scale enterprise. Professional Designations: Minimum U.S. actuarial qualifications such as Fellow of the Casualty Actuarial Society (FCAS) or equivalent designation (FSA, MAAA). Technical Skills: Advanced proficiency in actuarial software, statistical modeling tools, data analytics platforms, and Microsoft Office Suite. Leadership Skills: Proven record of leading actuarial teams, managing large-scale projects, and influencing executive decision-making. Business Acumen: Strong strategic and financial insight with the ability to balance profitability, growth, and regulatory obligations. Communication: Exceptional verbal and written communication skills with the ability to convey complex technical concepts to non-technical stakeholders.




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