Dir, PLADS Group Life Actuary Job in Farmington

Dir, PLADS Group Life Actuary

Company:  Aflac Columbus

Location:  Farmington, CT, US, 06032

The Division:  PLADS

Experience:  3 – 8 Years

Job Id:  3153

 

Job Descriptions:

Dir, PLADS Group Life Actuary

Develops pricing strategy and portfolio management initiatives for Group Life functions. Ensures that products are designed, priced, and managed in a manner consistent with strategic objectives for PLADS

 

Principal Duties & Responsibilities

 

  • Provides both leadership and technical strength in Group Life actuarial functions
  • Develops pricing strategy and portfolio management initiatives; reviews analysis of experience trends and expenses, initiating action where necessary; recommends further analyses and investigations
  • Fosters partnership and sharing of data, ideas, and approaches, among key PLADS functions (underwriting, claim, finance, distribution, and product areas)
  • Ensures that products are designed, priced, and managed in a manner consistent with strategic objectives for PLADS
  • Develops strong partnership with Underwriting, including ongoing support and communication, to ensure accurate risk assessment and pricing; develops a rigorous experience analysis process and proactively monitors business performance to identify trends and pockets of business where experience either supports growth or requires remediation; presents information to senior management, along with observations, areas of concern and recommendations, and executes on them as part of the ongoing product management of the block
  • Coordinates with Finance to develop premium and loss ratio targets for PLADS’ operating plan; develops projections and forecasts for planning & monitor actual performance against plan; ensures divisional expense budgets are fully reflected in pricing allowable and challenges segment and product allocations to ensure accuracy and appropriateness
  • Supports senior management in developing pricing strategy and portfolio management initiatives
  • Develops strong analytical capacity for monitoring experience trends, initiating action where necessary; recommending further analyses and investigations
  • Performs other related duties as required

 

Education & Experience Required

 

  • Minimum Bachelor’s Degree in Mathematics/Statistics or related fields
  • Minimum Required 8+ years of actuarial experience in Group Life products, 3+ years of leadership experience
  • Minimum Required Associate or Fellow of Society of Actuaries (FSA)

Or an equivalent combination of education and experience

 

Job Knowledge & Skills

 

  • Strong hands-on leadership and people management skills and extensive background in a wide range of actuarial functions including pricing, reserve valuation, experience & business analysis on Group Life product
  • Strong business sense and instincts are required to function as a strategic “partner” to the senior management team
  • Excellent verbal and written communication skills

 

Competencies

 

  • Acting with Integrity – Clearly states goals and beliefs; lets people know his/her true intentions; does what he or she said they would do; follows through on commitments
  • Communicating Effectively – Expresses ideas and information in a clear and concise manner; tailors message to fit the interests and needs of the audience; delivers information in a manner that is interesting and compelling to the listener
  • Pursuing Self-Development – Demonstrates ambition and desire to move forward in his/her career; engages others in discussions about career development; seeks feedback on ways to increase his/her performance; takes advantage of opportunities to build new skills and capabilities
  • Serving Customers – Builds strong relationships with customers; stays aware of customer needs, concerns and satisfaction; response promptly to customer questions and requests; effectively manages
  • Supporting Change – Enthusiastically participates in new change initiatives and programs; focuses on reasons why changes will work and how they will be beneficial
  • Supporting Organizational Goals – Actively supports organizational goals and values; demonstrates enthusiasm toward the company’s goals and mission; aligns actions around organizational goals
  • Working with Diverse Populations – Shows respect for the beliefs and traditions of others; encourages and promotes practices that support cultural diversity; discourages behaviors or practices that may be perceived as unfair, biased, or critical toward people with certain backgrounds

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