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Financial Actuarial Director (Risk Management) Job

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Financial Actuarial Director (Risk Management)
Job# 2744
Location:  NE
Education Requirements:  Degree preferred.
Other Requirements:  Include:

  • Minimum Qualifications:
    • 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:
    • CERA.
    • 5+ years of Enterprise Risk, Audit, or Financial Risk experience in a significant leadership role with proven ability to engage with executive management.

Salary Range:  Up to $140k + 25% incentive bonus
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.  This position reports to our VP Enterprise Risk Management and the individual will have 2 direct reports potentially.  Job duties and responsibilities include:

  • 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 our Client'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.

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