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Actuarial Risk Executive - 0900031410
- Company Name Bank of America
- Location Irvine, CA
- Date Posted 09/13/2009
- Job Type Full-Time
- Compensation $100K+
Job Description
Description
Accountable for developing Actuarial budgets, strategy development, goal setting and execution.
Lead Actuarial department staff in day to day responsibilities and accountabilities.
Recruit, train and manage professional and personal development plans.
Develop business leadership and skills of staff members.
Work with Senior Management to set priorities, develop and manage actuarial monitoring calendar.
Oversees development and maintenance of systems and models used to analyze, monitor and report profitability.
Lead, manage and control claims risk.
Manage team in cost efficient manner.
Provide Statutory & GAAP Reserving and support for Insurance products.
Strategic Actuarial lead for a specific or multiple LOB function.
Analyze experience, assess adequacy of loss reserves, project future loss experience for various insurance/reinsurance programs
Perform ad-hoc loss ratio and profitability reviews, including assessment of key drivers of loss.
Provide portfolio conversion support.
Support LOB new product sign-off process and work with LOB to peer review periodic repricing studies.
Lead a team in the completion of quarterly and annual STAT reporting including completion of certain exhibits and statement pages
Includes possible appointment as an Opining Actuary and/or oversight of an Opining Actuary role
Required Skills:
Associateship/Fellowship in CAS or SOA, MAAA
Strong Excel and Powerpoint technical skills.
Strong analytical skills.
Ability and confidence to influence decisions using data.
Ability to quickly identify actuarial risks in products and procedures and to work to a solution.
Presentation skills
Proficient to work fairly independent on the most complex projects and often on multiple phases.
4 Year College degree (Bachelor or equivalent)
Managerial experience.
Desired Skills:
Experience with private mortgage insurance
Experience with reserving for credit insurance and/or debt cancellation
Experience with reserving for Life Insurance products
Experience with reserving for extended service contracts/warranties and commercial lines
Proactively builds relationships with business partners
Creative thinker capable of defining new role and identifying additional opportunities.
Familiarity with ReservePro reserve valuation software.
12 or more years of Actuarial work experience
Job Requirements
11 - 15 Years
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