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Dir, PLADS Group Life Actuary

AFLAC Farmington, CT
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Job Summary

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 monitor 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, initiate action where necessary; recommend further analyses and investigations

     

     

  • Performs other related duties as required

     

    Education & Experience Required

     

    • Minimum Bachelors Degree in Mathematics/Statistics or related fields
    • Minimum Required 8+ years of actuarial experience in Group Life products, 3+ years 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 required to function as a strategic œpartner to 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 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; responds 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 companys 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
  • Date Posted December 2, 2022
    Date Closes January 1, 2023
    Requisition 913709900
    Located In Farmington, CT
    SOC Category 00-0000.00
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