Published: Nov 8, 2024 – The Actuarial Manager oversees model changes and outputs, works closely with Reserving and Actuarial teams to enhance solvency management and financial reporting. This role leads transformational financial modeling projects, establishes control frameworks for managing model risks, and analyzes financial statements to provide strategic recommendations. Additionally, the manager supervises team members to ensure high-quality work and collaborates with distribution and internal departments to support product development initiatives.
Tips for Actuarial Manager Skills and Responsibilities on a Resume
1. Actuarial Manager, Pinnacle Insurance Group, Richmond, VA
Job Summary:
- Contribute to business development in the domain of actuarial and insurance advisory, both nationally and internationally
- Design, implement, review, and audit quantitative models for the calculation of insurance liabilities life and capital requirements
- Advise on balance sheet management issues, like stochastic reserving, economic capital, ALM, replicating portfolios
- Contribute to the growing number of assignments in the domain of Solvency II and IFRS
- Develop models for internal use, to cross-check and challenge client valuations
- Perform actuarial analysis of processes, calculation models, methodologies, and assumptions for both insurance companies and pension funds
- Participate in the career and performance development of the Deloitte practice by serving as a career counselor, training consultants, and providing performance feedback
- Perform pricing activities for products to ensure profitability and competitiveness
- Document pricing policy and framework for core products
- Ensure compliance with the product development process to meet regulatory requirements
- Support other business units for reporting needs
Skills on Resume:
- Quantitative Modeling (Hard Skills)
- Actuarial Analysis (Hard Skills)
- Knowledge of Solvency II and IFRS (Hard Skills)
- Balance Sheet Management (Hard Skills)
- Training and Mentoring (Soft Skills)
- Communication Skills (Soft Skills)
- Regulatory Compliance (Hard Skills)
- Pricing Strategy Development (Hard Skills)
2. Actuarial Manager, Evergreen Life Assurance, Seattle, WA
Job Summary:
- Accountable for the overall performance and people management of the Lifestyle actuarial team
- Develop appropriate systems, processes, and methodologies for analyzing rates and products for Ontario
- Obtain a deep understanding of the Lifestyle and Leisure book of business
- Explain the key factors underlying the emerging experience and provide strategic insights to stakeholders
- Oversee rate reviews for personal insurance products and communicate the results of reviews to business stakeholders
- Research and apply both traditional and innovative ways to apply accepted actuarial techniques to business issues
- Manage the production rate filings across the country and work with the regulators to obtain approval
- Coach junior staff and act as a technical expert and mentor for all direct reports.
- Ensure all personal insurance products are developed in line with the Product Development and Management Standard, and the Technical Pricing Standard
- Key stakeholder engagement, developing trusted relationships with peers in product, underwriting, distribution, and claims
- Actuarial business partnering with key business stakeholders in meeting their P&L targets through quality analytics and provision of information
Skills on Resume:
- People Management (Soft Skills)
- Rate Analysis (Hard Skills)
- Business Understanding (Hard Skills)
- Strategic Communication (Soft Skills)
- Rate Review (Hard Skills)
- Innovative Techniques (Hard Skills)
- Regulatory Management (Hard Skills)
- Coaching (Soft Skills)
3. Actuarial Manager, Sterling Reinsurance, Albany, NY
Job Summary:
- Provide support to the business units in the business planning in particular leading forecast of the key assumptions such as loss ratios, rate movement, and retention ratios
- Adhere to relevant AP Policies and work with the regional chief actuary to implement local pricing and reserving processes and procedures.
- Perform appropriate checks within processes to minimize inaccuracies
- Comply with documentation of key processes and policies
- Adhere to relevant Actuarial standards and good practice
- Meet all internal and external reporting requirements
- Assist analysis function in the business unit
- Responsible for submission of statutory returns and reports
- Develop and maintain monitoring and ad-hoc reports
- Manage projects to ensure timely delivery
- Sound understanding of the operating and business environment and apply to actuarial activities including pricing, reserving, etc.
- Develop insight to support decision-making by the business
Skills on Resume:
- Business Planning Support (Soft Skills)
- Pricing and Reserving Compliance (Hard Skills)
- Process Accuracy Checks (Hard Skills)
- Documentation Adherence (Hard Skills)
- Actuarial Standards Knowledge (Hard Skills)
- Reporting Compliance (Hard Skills)
- Project Management (Soft Skills)
- Decision-Making Support (Soft Skills)
4. Actuarial Manager, Apex Financial Services, Minneapolis, MN
Job Summary:
- Responsible for the assumptions and processes of liabilities valuation and pricing for the Branch and provided insight to the Monetary Authority of Singapore and Regional Chief Actuary
- Understanding industry trends and analyzing competitive position
- Deliver specific management information for Distribution and Products
- Construct and maintain databases, MI, reporting, and consistency to support business analysis and planning
- Lead or co-lead reserving processes and pricing projects
- Use tools and perform tasks to support the following Actuarial activities
- Assist in the development of strategy and business direction by contributing to planning and forecasting
- Develop and maintain data frameworks and tools that deliver reusable, scalable, and flexible management info to meet business needs
- Build/deploy portfolio management platform and lead the continuous improvement of portfolio management techniques
- Implement monitoring reports and dashboards for underwriting, distribution, and claims management
- Conduct insurance liability valuation estimates for Singapore operations with the regional team
Skills on Resume:
- Liabilities Valuation (Hard Skills)
- Industry Trend Analysis (Hard Skills)
- Management Information Delivery (Hard Skills)
- Database Construction (Hard Skills)
- Reserving and Pricing Leadership (Soft Skills)
- Strategic Planning Support (Soft Skills)
- Data Framework Development (Hard Skills)
- Portfolio Management Improvement (Soft Skills)
5. Actuarial Manager, Horizon Risk Solutions, Orlando, FL
Job Summary:
- Monitor the company’s solvency position and enhance the utilization and management of capital.
- Convert financial insights into management actions to improve the company’s financials.
- Propose and implement new ideas in other high-profile projects, such as the review and implementation of the company’s treasury management framework, and experience analysis.
- Actively participate in and support the improvement of reporting processes and methodology.
- Provide supervision and technical guidance to junior members of the team and ensure that the team delivers its regulatory reporting tasks in an efficient and effective manner.
- Conduct technical analyses and regular reviews of portfolio performance against modeled results
- Report to local management team, regional chief actuary, and MAS on reserve findings and outcomes including discussion on experience analysis
- Recommend priorities, schedules, and resources needed to conduct analyses to meet end users’ delivery requirements
- Estimate efforts on projects and analyses, skill levels required, and recommend turnaround times considering end users’ delivery requirements
- Recommend priorities for consideration when necessary.
- Review, understand, monitor, and project demands from local entities for actuarial resourcing
Skills on Resume:
- Solvency Monitoring (Hard Skills)
- Financial Insight Conversion (Soft Skills)
- Treasury Management Implementation (Hard Skills)
- Reporting Process Improvement (Soft Skills)
- Technical Guidance (Soft Skills)
- Portfolio Performance Analysis (Hard Skills)
- Project Resource Estimation (Hard Skills)
- Actuarial Resourcing Management (Soft Skills)
6. Actuarial Manager, Crestview Insurance Co., Denver, CO
Job Summary:
- Prepare and ensure that the reinsurance quotes are correct and as per the agreed Terms of Trade.
- Develop and/or review pricing reports following Business Authorisation procedures
- Manage/Oversee the delivery of allocated projects, relating to Actuarial activities
- Develop a thorough and up-to-date knowledge of Munich Re, clients, Indian Insurance markets, and major worldwide developments in the field.
- Monitor the development of pricing research, review pricing parameters quarterly, and draft updates
- Contribute to the development of analytical tools and actuarial models to help obtain insights from available information
- Produce quality internal management information and reports to assist the decision-making process.
- Assist in drafting and completion of all Reinsurance treaties
- Provide high-quality, timely consistent, standardized services to internal stakeholders and entities
- Suggest team structure for existing and development teams
- Promote a positive, high-performance working environment
- Coordination of works between the regional IT team and software vendor on software-related issues.
Skills on Resume:
- Reinsurance Quote Preparation (Hard Skills)
- Pricing Report Development (Hard Skills)
- Project Management (Soft Skills)
- Market Knowledge Development (Hard Skills)
- Pricing Research Monitoring (Hard Skills)
- Analytical Tool Development (Hard Skills)
- Management Information Production (Hard Skills)
- Team Structure Suggestion (Soft Skills)
7. Actuarial Manager, Summit Actuarial Services, Phoenix, AZ
Job Summary:
- Take ownership and manage the existing Prophet actuarial models for Asia entities, including various regional projects and other actuarial areas to improve work efficiency and quality
- Lead and build expertise in the relevant subject matter, including establishing all models and modules needed for the region
- Ensure actuarial modeling and results are of high quality, efficiently produced, tightly controlled, and supported by meaningful analysis
- Manage the deliverables and resources of the team, and take responsibility of education/knowledge transfer to local entities and actuarial teams
- Proactively engage the Group technical modeling team to ensure alignment of actuarial processes to appropriate methodology and refining processes
- Manage the resources, priorities, and schedule of the team and maintain higher utilization.
- Lead and manage the modeling team to act as the regional hub of expertise for actuarial models.
- Understand the existing Prophet and Excel models of AXA Asia and drive the consistency of future model developments across entities in the region.
- Lead and maintain such models going forward.
- Ensure an optimal design of infrastructure and functions of the new platform.
- Develop, for the region, the actuarial models and corresponding processes/guidelines in this platform.
Skills on Resume:
- Prophet Model Management (Hard Skills)
- Subject Matter Expertise (Soft Skills)
- Quality Control in Actuarial Modeling (Hard Skills)
- Deliverable and Resource Management (Soft Skills)
- Technical Team Engagement (Soft Skills)
- Team Scheduling and Prioritization (Soft Skills)
- Model Development Consistency (Hard Skills)
- Infrastructure Design Optimization (Hard Skills)
8. Actuarial Manager, Beacon Health Plans, Dallas, TX
Job Summary:
- Centrally manage the actuarial models within the team and provide advice to change requests from the region on time
- Ensure correct use of models to comply with Group and local regulatory requirements and actuarial work (e.g. valuation and pricing, experience study, solvency)
- Keep abreast with the latest development of software and make sure adoption of functionalities to improve the models
- Develop new functionalities within and around the model to enhance the usability of the model across various Actuarial functions
- Transfer knowledge to the local teams via setting guidelines, coaching, and training sessions.
- Lead new platforms with the ultimate goal of extending functions to other actuarial processes and across entities in Asia
- Maintain the solvency 2 model and expand it to other countries in the region
- Establish and implement standards and guidelines for the actuarial models to ensure good quality control within the region.
- Take ownership of the models and its implementation and reliable usage across the region
- Ensure all cash flow projections are accurate, complete, and meet AXA standards
- Ensure adequate documentation is in place for all model developments and modifications for a good control framework
Skills on Resume:
- Actuarial Model Management (Hard Skills)
- Regulatory Compliance (Hard Skills)
- Software Development Awareness (Hard Skills)
- Model Usability Enhancement (Hard Skills)
- Knowledge Transfer (Soft Skills)
- Platform Leadership (Soft Skills)
- Quality Control Standards (Hard Skills)
- Documentation Management (Hard Skills)
9. Actuarial Manager, Unity Financial Group, Charlotte, NC
Job Summary:
- Understand the PPA or commercial auto product and develop specific strategies related to price, product, and underwriting, or reserving
- Utilize actuarial methodologies and leadership skills to execute and deliver pricing or reserving initiatives
- Collaborate with subject matter experts and other company leaders to implement changes that enhance the customer experience and business results
- Summarize analyses and present proposals clearly and correctly to management
- Develop best practices in software development to ensure efficiency and consistency in variable naming, coding, and model structure
- Ensure the model is properly checked and validated before promoting it to production
- Identify and mitigate potential risks that may compromise the quality of the results from the Prophet and Sunrise model.
- Work closely with the existing centralized Prophet modeling team on model development and new functionalities
- Liaise and provide input to various technical teams in the AXA Group including the Global Model Review team, AXA France, AXA Belgium, AXA Japan
- Suggest solutions for potential process improvements.
- Manage the deliverables and resources of the modeling team
- Work closely with local entities and propose actuarial development or process improvement
Skills on Resume:
- Product and Pricing Strategy Development (Hard Skills)
- Actuarial Methodology Application (Hard Skills)
- Cross-Functional Collaboration (Soft Skills)
- Proposal Presentation (Soft Skills)
- Software Development Best Practices (Hard Skills)
- Model Validation (Hard Skills)
- Risk Identification and Mitigation (Hard Skills)
- Process Improvement Management (Soft Skills)
10. Actuarial Manager, Synergy Insurance Solutions, Portland, OR
Job Summary:
- Owner of the month-end productions for both CGAAP and SII Technical Provision
- Owner of the post-production workstream to promote overlap in skill and knowledge on critical processes, identify and implement efficiency improvements, and build enhanced future state platform
- Accountable for adequacy of policy liability provisions for Atlantic Auto and Countrywide PD
- Provide transparent, timely, and insightful communication of quarterly valuation results and monthly projections
- Quarterly reserve review and collaboration with the Claims team to identify areas of concern and key drivers of the results
- Quarterly delivery of reconciled data to other Reserving Managers for Reserve Review purposes
- Quarterly review and preparation of bookings for IBNR allocation to the legal entities and regions
- Annual preparation of the Actuary’s Report for all Aviva legal entities
- Liaise with external peer reviewers and auditors for year-end-related inquiries
- Support Finance for the successful delivery of monthly financial packages and quarterly regulatory reporting
- Collaborate with Reinsurance area on commutations, assumed and ceded IBNR analysis
Skills on Resume:
- Month-End Production Ownership (Hard Skills)
- Post-Production Workflow Management (Soft Skills)
- Policy Liability Provision Adequacy (Hard Skills)
- Communication of Valuation Results (Soft Skills)
- Reserve Review Collaboration (Soft Skills)
- Data Reconciliation Delivery (Hard Skills)
- Actuary’s Report Preparation (Hard Skills)
- Regulatory Reporting Support (Hard Skills)
11. Actuarial Manager, Atlas Risk Management, Providence, RI
Job Summary:
- Leads Actuarial Data Management, Reconciliation, and Peer Review.
- Provides data in support of actuarial, product, and underwriting initiatives
- Support and develop pricing tools, and pricing methodology in terms of data capture and analysis.
- Improve and maintain various Actuarial Reports (Rate Adequacy, Trend, etc.)
- Leads the rate-making process and develops pricing indications
- Leads the review of new product strategies, design, pricing, and implementation of rate changes.
- Interacts with relevant regulatory authorities on filings.
- Provide regular performance feedback and ensure career development plans are in place for all employees
- Accountable for employee engagement and ensuring sufficient depth of talent for succession and coverage.
- Enhance actuarial procedure, process, and control
- Participate in ad-hoc projects as assigned by the top management
Skills on Resume:
- Actuarial Data Management (Hard Skills)
- Data Support for Initiatives (Hard Skills)
- Pricing Tool Development (Hard Skills)
- Actuarial Report Improvement (Hard Skills)
- Rate-Making Leadership (Soft Skills)
- Product Strategy Review (Soft Skills)
- Employee Development Management (Soft Skills)
- Process and Control Enhancement (Hard Skills)
12. Actuarial Manager, Insight Actuarial Partners, Salt Lake City, UT
Job Summary:
- Liaising with internal, group, and external auditors, implementing recommended actions
- Carry out other actuarial investigations that may be required from time to time under UK regulation and legislation, and by the wider group.
- Monitor developments in legislation, group guidance, and actuarial standards
- Coordinate impact analysis and adoption, monitor adherence, and educate members of the department.
- Supervising actuarial specialists and guiding their professional development.
- Deputize for the Chief Actuary
- Devise and implement a strategy to control risks, creating, running, and developing a set of actuarial processes and models that interact with those in the wider business.
- Fellow of the Institute of Actuaries or Fellow of the Faculty of Actuaries or equivalent (essential).
- Form a well-justified, independent actuarial view, then use it to engage with senior management and work productively with them to effect change.
- Build good working relationships with members of the wider group of ERGO businesses.
Skills on Resume:
- Auditor Liaison (Soft Skills)
- Actuarial Investigation Conduct (Hard Skills)
- Legislation Monitoring (Hard Skills)
- Impact Analysis Coordination (Hard Skills)
- Professional Development Supervision (Soft Skills)
- Risk Control Strategy Implementation (Hard Skills)
- Independent Actuarial Analysis (Hard Skills)
- Relationship Building (Soft Skills)
13. Actuarial Manager, Nexus Insurance Agency, Omaha, NE
Job Summary:
- Support the Senior Managers with the changes to the model and the model outputs.
- Investigation of the model to offer suggestions for proposed improvements.
- Work in collaboration with colleagues in Reserving and Actuarial.
- Report to the Chief Actuary, and oversee and ensure good management of local solvency positions and financial reporting standards.
- Provide leadership and deliver transformational projects related to financial modeling services
- Ensure appropriate controls and frameworks are established to manage model risk
- Determine assumptions and valuation basis, analyze financial statement, provide explanation and recommendation
- Maintain up-to-date knowledge of actuarial practices, both locally and internationally
- Supervise subordinates within the team to ensure the quality of work and provide ongoing coaching on actuarial /product/insurance knowledge
- Ensure the approval process and show the indicator pricing, preliminary ideas, and assessment
- Coordinate with distribution channels and other internal departments on various product development projects to align with the company’s project initiatives
- Perform and improve portfolio studies to provide insights and possible suggestions for management
Skills on Resume:
- Model Improvement (Hard Skills)
- Model Investigation (Hard Skills)
- Team Collaboration (Soft Skills)
- Financial Reporting (Hard Skills)
- Leadership in Modeling (Soft Skills)
- Risk Management (Hard Skills)
- Valuation Analysis (Hard Skills)
- Coaching (Soft Skills)