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Our Senior Leadership Team is the embodiment of our brand. They are passionate about the role GuideOne plays in making positive change possible by protecting our members so they can pursue their mission of making the world a better place.
The Vice President, Chief Actuary serves as the head actuary executive for GuideOne and will report to the CFO. The VP, Chief Actuary holds comprehensive management and oversight of GuideOne’s actuarial function including core roles of reserving and reinsurance. Responsibilities include managing and monitoring the risk profile for the enterprise by overseeing the company’s reinsurance program and catastrophe management activities.
In addition, the VP, Chief Actuary is a key contributor to the strategic development and planning process for the enterprise; charged with driving the company’s achievement of actuarial analysis and profitability while maintaining a balance with its revenue and risk goals.
The VP, Chief Actuary must be a member of the Fellow of the Society of Actuaries and the American Academy of Actuaries. The ideal Chief Actuary will have strong, hands-on and strategic reserving and reinsurance expertise, and at least 10 ten years of leadership and people management.
As VP, Chief Actuary, you will drive:
Forecasting & Planning:
- Leads the development/compilation of the premium & loss/ALAE forecasting models used in the corporate planning process.
- Interacts with the Senior Leadership Team (SLT) to establish corporate goals and plans. Serves as a key adviser to enterprise leaders and influences pricing and reserving philosophies and policy development at an organizational level.
- Collaborates with the business areas to develop business strategies for states and lines of businesses.
- Works directly with pricing actuary and underwriting regarding assumptions, modeled results, and the impacts of new business on the diversification and profitability of GuideOne’s overall portfolio.
- Works closely with other support areas to develop and establish core business strategies and programs.
Reserving:
- Leads the analysis of corporate loss and loss expense reserves on a quarterly basis. Resulting analysis and direction are presented quarterly. Communicates reserve analysis and direction to the Board of Directors.
- Communicates reserve analysis and direction to external parties such as state examiners and IRS. Prepares Schedule P of the Annual Statement and various corporate statements of Opinion.
- Works directly with Claims leadership to assess claims handling processes and impact on reserves.
Reinsurance:
- Manages all reinsurance functions for the company, including assessing reinsurance needs, building and maintaining broker and reinsurer relationships, purchasing coverage to optimize the balance of costs and adherence to corporate risk tolerances.
- Participates as a key leader in the establishment of review of corporate risk tolerances, practices and principles.
Catastrophe Management:
- Manages and models catastrophe aggregations within corporate risk appetite using multiple measurement and modeling techniques and diversification strategies.
- Works closely with pricing, underwriting and sales to ensure ongoing communication and alignment.
Actuarial Leadership:
- Accountable for overall management and people leadership of the corporate actuarial unit, including but not limited to implementing best practices for: human capital management (employee selection, succession planning, performance management, compensation management, employee development and coaching in career development), and operational management (planning, execution, results assessment, continuous improvement, and compliance with actuarial standards of practice.) Promotes staff morale and motivation, and provides one-on-one meetings to review performance and develop the GuideOne leadership competency model.
- Accountable for prudent management of departmental expenses. Establishes department budget in accordance with corporate guidelines; manages the department expenses throughout the year and provides quarterly re-forecasts and variance explanations as needed.
- Consistently challenges, improves and implements methodologies, procedures and technology to maximize efficiency and effectiveness within the department. Maintains a strong P&C insurance industry network to remain current with industry best practices.
- Manages the development, maintenance, and control of actuarial statistics necessary for actuarial studies.
- Sets appropriate reporting metrics to manage/understand business. Collects, prepares and presents all relevant data regarding production and performance. Analyzes information and identify relevant trends.
- Provides Executive Management actuarial analysis (including profitability and reserve analysis) of potential growth opportunities, including: New niches and lines of business, programs, affiliations, strategic partnerships and mergers and acquisitions.
- Performs other related work as required.
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