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Financial Actuarial Director (Risk Management)

Mutual of Omaha Companies Omaha, NE
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Job Description

The Financial Actuarial Director for Enterprise Risk Management leads and directs team resources focused on financial actuarial and/or risk analysis processes. Develops and administers a consistent, coordinated process to accomplish essential job functions. Evaluates and recommends alternative tools and approaches for conducting actuarial or risk analysis. Effectively communicates results to technical and non-technical audiences.

Essential Job Functions:

  • Plans, staffs, directs and controls department activities, including all personnel management functions for assigned staff.
  • Develops risk assessment strategies and initiatives including:
    • Develops or oversees development of models for risk analysis.
    • Stays informed on relevant risk assessment practices.
    • Ensures that all financial risks relevant to the business are aggregated at an enterprise level and that business areas have mitigation and contingency plans in place.
    • Develops processes to routinely report financial and insurance risk results. Communicates results and trends effectively with technical and non-technical audiences.
    • Peer reviews actuarial work of others as needed.
  • Assists in the formation of enterprise-wide initiatives to optimize Mutual of Omaha's risk/return position reflecting changes in economic conditions.
  • Provides risk monitoring of Company risk tolerances and checkpoints. Provides risk analysis for various Risk Committees and develops recommendations for changes as necessary.
  • Supports other enterprise risk initiatives including:
    • Develops and administers a consistent and coordinated process to identify, assess, measure and monitor financial and insurance risks.
    • Conducts new product risk reviews and embeds risk assessment expectations in business units
    • Develops recommendations to align risk management processes with principles, policies, standards and tolerances. Obtains senior management approval of recommendations.
    • Coordinates the development of the risk management strategy, financial risk management framework, principles, policies, standards and tolerances for approval by senior management and the Board of Directors.
    • Monitors risk management developments and best practices within both the at-large business community and the financial services industry. Provides education and information to management and associates regarding risk management principles, policies, standards, processes, etc.
  • Develops and maintains an engaged and accountable workforce.
  • Develops and maintains a fair and equitable working environment.

Minimum Qualifications:

  • Fellow of the Society of Actuaries (FSA), plus relevant experience.
  • Ability to incorporate actuarial expertise with the creativity necessary to identify opportunities to either lower risk (with no loss of return) or increase return (with no increase in risk).
  • Knowledge of insurance products and investments, banking products and asset characteristics, and stochastic modeling techniques.
  • Knowledge of applicable valuation techniques and requirements.
  • Good business judgment to identify experience trends and issues requiring modification in standard approaches or need to elevate risk concerns.
  • Leadership, communication and human relations skills.
  • Creativity, awareness of emerging environmental and industry trends, and strong problem solving abilities using business oriented solutions.

Preferred Qualifications:

  • Chartered Enterprise Risk Analyst (CERA)
  • 5 years of Enterprise Risk, Audit, or Financial Risk experience in a significant leadership role with proven ability to engage with executive management.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at 1-800-780-0304. We are available Monday through Friday 7:00 am to 4:30 pm CST.

For all other inquiries, contact our HR Helpline at 1-800-365-1405, option 4.

Mutual of Omaha and its affiliates are an Equal Opportunity /Affirmative Action Employer, Minorities/Female/Disabled/Veteran

To All Recruitment Agencies: We do not accept unsolicited agency resumes and we are not responsible for any fees related to unsolicited resumes.

Job Details

Date Posted January 4, 2018
Date Closes January 18, 2018
Requisition 493895
Located In Omaha, NE
Job Type Full-time Employee
SOC Category 00-0000.00
Zipcode 68102
Location