Actuarial Manager Resume Sample
Work Experience
- Manage and develop a team of actuarial associates of various experience and skill levels
- Product development: work closely with product team to ensure the risk and profitability is acceptable and to get approval from regional and Corporate
- Special quotation / case specific pricing
- Campaign approval (cost and benefit analysis)
- Perform regular experience study such as expense and lapse study
- Provide the financial’s KPI update (e.g. earnings, new business embedded value, functional cost ratio, market share, etc) to EB management in regular meeting
- Produce the monthly MIS for the financial section / EV reporting
- Annual business plan and new business plan
- Review reinsurance treaty
- Participate in a wide range of pricing functions on rotation basis, including participating products, protection products, universal life and investment linked products, as well as data analytics, investment strategy design and risk monitoring
- Execute pricing strategy in response to the changing regulatory environment, financial reporting requirements as well as financial and risk target of the group
- Advise on system implementation for new product and product maintenance. Lead actuarial students to conducts user acceptance test
- Perform projections and analyze, summarize, and communicate results for the GGY AXIS models that project IFRS/GAAP and Statutory Earnings. Specific projects include
- Lead the EV reporting team to deliver timely submission and ensure they are of high quality and standard
- Support HKSTAT reporting, Asset and Liability Management tasks
- Coordinate with different teams to produce high quality and timely results for management, financial, and regulatory reporting purposes
- Support ad-hoc projects (e.g. RBC development)
- Maintenance of model documentation and controls to satisfy valuation control, SOX, and audit requirements
- Strong knowledge of the Prophet system or demonstrable equivalent experience, and involvement in key business projects using Prophet. Good working knowledge of the various Prophet components, having created products in at least one of Prophet’s actuarial liability libraries and significantly amended products in others
- Merger and Acquisition (M&A) and due diligence
- Advanced financial modelling approaches and systems e.g., designing valuation and Asset Liability Management frameworks
- Performance evaluation in areas related to financial risks, product distribution and capital issues
Education
Professional Skills
- Excellent customer service skills with strong interpersonal skills
- Strong math, analytical and problem-solving skills. Expert ability to effectively use automated tools and processes to collect data and create reports
- Utilising your strong excel skills to develop and maintain illustration test tools
- Strong leadership skills, including 2+ years of people management
- Strong analytical, problem solving skills, well-organized
- Strong organizational skills showing attention to detail and the ability to meet deadlines
- Assesses and anticipates resource needs including skills and training requirements (when leading project teams and/or managing direct reports)
How to write Actuarial Manager Resume
Actuarial Manager role is responsible for analysis, interpersonal, software, training, finance, health, excel, design, integration, database.
To write great resume for actuarial manager job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Actuarial Manager Resume
The section contact information is important in your actuarial manager resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Actuarial Manager Resume
The section work experience is an essential part of your actuarial manager resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous actuarial manager responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular actuarial manager position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Actuarial Manager resume experience can include:
- Excellent analytical, quantitative, and communication skills
- Demonstrated experience analyzing health care claims, encounter, administrative, and or survey data
- Solid actuarial knowledge and experience in valuation and financial reporting
- Critical thinking, execution skills
- Formulate strategies, multi-task, translate work products into meaningful guidance for clients, develop and deliver presentations, and write effectively
- Experience – FSA or equivalent or close to FSA, at least 4 years actuarial experience
Education on an Actuarial Manager Resume
Make sure to make education a priority on your actuarial manager resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your actuarial manager experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Actuarial Manager Resume
When listing skills on your actuarial manager resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical actuarial manager skills:
- Strong negotiation skills with the ability to build consensus and influence effectively
- A good team player with good interpersonal skills to work across parties
- Effectively lead a team of skilled professionals
- Strong organizational, problem solving and communication skills
- Strong communication and presentation skills; written/verbal proficiency
- Excellent communication skills (oral and written) with the ability to communicate clear, concise and on the mark analysis and commentary to target audiences
List of Typical Experience For an Actuarial Manager Resume
Experience For Senior Actuarial Manager Resume
- Collaborate with matrix partners including Product, Model Office, Compliance and Marketing to collaborate on rate actions
- Directs and controls the activities of the ASO Pricing team including the coordination of the activities in terms of costs, methods and employees
- Earnings by Market Segment: lead, maintain and enhance market segment-level reporting to support segment leaders and Underwriting
- Lead 1-2 Financial Planning and Reserving analysts
- Provide value adding actuarial reserving advice to the Hong Kong general insurance business units
- Provide coaching to others in reporting process
Experience For Assistant Actuarial Manager Resume
- Participate in the on-going monitoring of the reinsurance management framework and compliance to GL17
- Work closely with Claims, Reinsurance and Underwriting teams to understand how reserving practices, treaty set up and business changes impact our business
- Contribute to strategic asset allocation review of participating business through providing opinion in respect of PRE
- Utilizes independent judgment and discretion, performs financial projections and actuarial analysis for complex assignments including
- Supports analysis of sales results, reporting, and opportunity data
- Serve as management point of contact for Actuarial workflow and timing questions
- Assist in reviewing Actuarial projects as needed
- Manage employee performance including regular 1-2-1 meetings to discuss progress with each direct report
- Maintain appropriate staffing of Actuarial Specialists to meet current company needs. Recruit for open positions when they arise per firm’s guidelines
Experience For Risk-actuarial, Manager Resume
- Works internally across different departments, including IT, claims, and membership, to resolve data quality gaps
- Supports implementation of key projects. Designs reports for result tracking
- Valuation and financial reporting under Canadian GAAP (CGAAP) basis
- Participate in the review of new products, focusing on the dividend management and compliance to GL16
- Valuation and financial reporting under Canadian IFRS (CGAAP) basis
- Produce statutory and US GAAP reserve estimates, as per regulatory and corporate reporting requirements
- Extensive Medicare knowledge, with specific acumen in Part C, including
- Capability of leading a team of 3 to 4 persons
- Internationally recognized actuarial designation such as FSA/FCIA, or in final stage of attaining the fellowship
Experience For CI Hub Senior Actuarial Manager Resume
- “Practising Certificate” actuary (in accordance with the standards set out by the Institute and Faculty of Actuaries) to be able to hold the Actuarial Function
- Knowledge of local regulatory and reporting requirements
- Deep understanding of the Property & Casualty Insurance business
- Proactive and think-out-of-box mindset to bring innovative ideas
- Capable of working autonomously or with a team,
- If position requires management of a team, the ability to cultivate a high performing team of associates
- Commitment to leadership development and coaching others
- Coordinate with different teams and departments on different tasks and project to fulfill management, financial, and regulatory reporting purposes
- Provide coaching and guidance to junior staff
Experience For Non-life Actuarial Manager Resume
- Design and maintain corporate policy on the principles and practices on participating business management
- Provide explanations of results and recommendations to product and distribution teams as well as other stakeholders including group office
- VBA programming knowledge
- Capable of managing matrix relationship
- Manages a team of 1-2 actuaries
- Drive adoption and implementation of sales programs, initiatives, tools to improve sales performance
Experience For Deloitte, Pensions Actuarial Manager, Leeds Resume
- Manage sales materials, credentials and other relevant information to support a variety of sales opportunities and campaigns
- Take a leadership role in project management and provide thought leadership to model development on the evolving frameworks such as new regulatory requirements (RBC in Hong Kong/ Singapore and LICAT in Canada, IFRS17)
- As a modeling expert, he / she provide consultation service to various model owners/ business units in the region (product feature modeling best practices, implementation of new accounting/ capital regimes etc.)
- Lead model validation projects in Asia, including models such as product pricing, embedded value, capital, data analytics, reinsurance, reserves etc
- Review and challenge actuarial methodology based on the modeling intent, with an understanding in the business implications from model outputs
- Responsible for developing future business reporting process and valuation control requirement for Business Unit team
- Responsible for developing data and logic requirements to VST data and system team
Experience For Actuarial Manager Resume
- Develop project schedule and monitor the project progress. Able to escalate risks and issues that impact on project timeline
- Work closely with various departments including VST modeling team, IT team and Business Unit team, to communicate clear business requirements and testing results for VST development
- Consistently plans, implements, manages, and/ or sponsors projects that are of high complexity and/or large scale key initiatives using accepted project management standards
- Communicates and presents project information to project team as well as providing presentation/ updates to senior level management
- Forecasts short-term and long-term deliverables cross functionally
Experience For Senior Actuarial Manager Resume
- Develops cost/ benefit analysis
- Coordinates/evaluates project controls by all impacted AORs
- Determines and enrolls resources/expertise that are necessary to successfully complete projects/ assignments from various AORs
- Directs the development/ design of new plans, programs, processes or product features that are of high complexity
- Creates concept designs; Addresses feasibility (financial, operational, technical); develops requirements and measurements
- Develops communication strategies and materials to support new plans, programs, processes or products
Experience For Assistant Actuarial Manager Resume
- Solicits and integrates input from key stakeholders
- Proactively evaluates procedures and processes regularly and determines/ recommends alternatives or improvements
- Evaluates and implements process improvements to internal and external compliance requirements/standards
- Contributes to market share growth and profitability by leading new/ complex changes to products, pricing, risk management and providing expertise in their respective discipline(s)
- Plans and coordinates the integration and delivery of planned changes/projects/ products to regions/field
- Anticipates and makes recommendations to solve market specific implications of business strategies to broader team and stakeholders
- Researches and interprets demographic, economic and competitor data to identify markets/ segments for opportunities to impact growth and profit
Experience For Risk-actuarial, Manager Resume
- Analyze data and review analysis from others
- Directs and evaluates trend analysis (e.g., competitor analysis, risk management, financial) and recommends changes based on findings
- Leverages awareness of current industry and professional standards/environment to impact decisions and indicate requirements
- Serves as a subject matter expert and can consult on complex issues within their discipline(s) from an internal perspective; actively shares expertise among peers and other disciplines
- Actively involved in talent development for a department; trains/coaches team members or peers
- Directs and is responsible for work that needs to be performed by a team(s) and/or their direct reports
List of Typical Skills For an Actuarial Manager Resume
Skills For Senior Actuarial Manager Resume
- Excellent communication skills both in written and oral format
- Strong Prophet skills
- Strong Excel and analysis skills required
- Demonstrated experience advising executive level stakeholders in health care, government, academia or a similar environment
- Strong and proven quantitative background
- Risk Management experience in the context of Solvency II (development, execution, validation of internal model)
- Proven ability to drive project would be a strong asset
Skills For Assistant Actuarial Manager Resume
- Superior interpersonal skills with the ability to build relationships with business functions and executive business partners
- Coach new analysts as they grow their skill set and experience
- As a country lead/ manager, effectively liaise with the country on developing initiatives with financial and model implications
- Recognize opportunities to integrate actuarial skills across a variety of projects and clients representing multiple health care segments; and
- Skills / Competence
- Team Player – ability to work effectively with cross-functional teams to gather inputs and align objectives and recommendations through quantitative analysis
- Interpreting loss experience and drivers of loss
- Forecasting future loss experience
Skills For Risk-actuarial, Manager Resume
- Lead model validation projects in Asia, including models such as product pricing, reserving, capital, data analytics, reinsurance modeling, embedded value etc
- Hands-on as well as managerial experience in scripting/coding including in modern languages like Python and R
- Have strong technical background on reporting prospective. Able to provide advice on reporting logics and perform testing on the developed reports
- Life Product configuration Programming experience and Testing
- Demonstrated ability in problem solving and managing multiple tasks
- Previous experience in managing more junior staff and delivering projects
- Experience leading or managing teams
- Build and maintain effective working and influencing relationships with colleagues
Skills For CI Hub Senior Actuarial Manager Resume
- Qualified actuary or pensions consultant with experience of advising companies and/or trustees in relation to defined benefit pensions and wider benefit design
- Experience in direct business product pricing
- Experienced in product pricing and UAT of illustration system
- Insurance Property and Casualty pricing experience
- Property & casualty pricing experience
- Regular experience monitoring (e.g. claims, lapses, expenses)
Skills For Non-life Actuarial Manager Resume
- Working experience in the P&C insurance industry
- Experience in R, Python, SAS, SQL and/or Access
- Experience in life insurance industry
- Good command of business English, both in written and spoken form
- Preferably 4 - 5 years relevant experience
- Strong ability to apply actuarial theories to develop practical solutions to various assignments and projects
- Relevant experience in the life insurance industry
- Internationally recognized actuarial designation such as ASA/FSA/FCIA with more than 5 years of actuarial experience
Skills For Deloitte, Pensions Actuarial Manager, Leeds Resume
- Experience as an actuarial manager
- Fellowship from internationally recognized actuarial designation with more than 6 years of actuarial experience
- Strong analytical mind and business sense
- Relevant experience in the life insurance industry
- Experience in actuarial roles (preferably 5 within health insurance)
- Ten (10) years of actuarial experience
- Internationally recognized actuarial designation such as ASA/FSA/FCIA more than 2 years of actuarial experience
- Proactive attitude and good team player
Skills For Actuarial Manager Resume
- Relevant experience in the life insurance industry
- Internationally recognized actuarial designation such as ASA/FSA/FCIA more than 3 years of actuarial experience
- Skilled communicator with the ability to influence and motivate others
- Actuarial experience
- Excellent written and oral communication including communication of technical concepts to non-technical individuals
- Actuarial experience is required
- Dependable with excellent follow through on commitments and responsibilities
Skills For Senior Actuarial Manager Resume
- Prepare instruction and guidance to our business units, and manage the timely delivery with good quality
- Strong ability to troubleshoot and recommend solutions; and
- Strong ability to translate complex information for a wide range of clients
- Software skill: Prophet
- Strong communication and intellectual capability required
- Experienced in people’s management
- Excellent command of English language, written and spoken
Skills For Assistant Actuarial Manager Resume
- At least four years’ experience in the Life Insurance industry
- Monitoring the impact of business decisions including rate or underwriting changes to ensure the impact is in line with expectations
- Supporting projects including product developments, agreeing scope and business requirements
- Managing client relationships and leading and mentoring junior staff in a team-oriented environment
- Reserving: lead and support the monthly financial reporting processes
- Analyzing changes or new initiatives made in the market and provide insight as to the impact on the Personal Insurance book of business
- Producing rate level indications
- Supporting catastrophe management strategy
Skills For Risk-actuarial, Manager Resume
- Funding Strategy & Risk Management
- Working in the innovative and entrepreneurial environment of a growing international firm
- Joining a team of talented experts in banking and payment solutions
- Leading the team to deliver timely submission and ensure they are of high quality and standard
- Support regional pricing and business development teams in understanding their mix of business and competitive position and advising on adjustments as needed
- Support division EV/ NBV reporting, including both external and management reporting
- Support regional pricing and business development teams in analyzing retention, growth and profitability with an objective to improve business quality
List of Typical Responsibilities For an Actuarial Manager Resume
Responsibilities For Senior Actuarial Manager Resume
- Strong communication skills with effective command of English, both spoken and written
- Excellent negotiation, interpersonal and supervisory skills
- Prior experience as a supervisor or team leader
- Strong understanding of reserving, capital, profit and value measures and drivers
- Relevant experience in life insurance industry
- Lead a team of 2 analysts, mentoring and coaching,
- Own the pricing efforts behind new business and actively sold Medicare Supplement blocks
- And enhancing efficiency and accuracy of analyses
- Provide direction on implementing best practices in actuarial methodology and process efficiency
Responsibilities For Assistant Actuarial Manager Resume
- And work closely with business partners in product management, state management, finance, reserving, enterprise risk management and other areas
- Financial Plan and Quarterly Reforecasts: lead, maintain and enhance the corporate financial planning process
- Support others in meeting their financial objectives
- Work in fast paced, ever changing office environment
- Provide guidance to junior actuaries for Prophet modelling activities
- Independent problem solver, proactive, able to multitask. Patience for working on large scale problems
- Manage workflow to ensure that Actuarial projects are delivered on a timely basis to meet customer expectations and service standards
- Develop department’s annual goals
Responsibilities For Risk-actuarial, Manager Resume
- Hold staff accountable to current policies and procedures
- Understand pension rules to ensure all plans are in compliance
- Look for opportunities to improve Actuarial process and implement process improvement
- Answer Actuarial questions from staff in a helpful, friendly, knowledgeable and proactive manner
- Stay current with regulations and recommend changes
- Perform technical research to answer questions as needed
- Update firm’s management and productivity tools related to Actuarial services
Responsibilities For CI Hub Senior Actuarial Manager Resume
- Ensure accuracy and completeness of workflow management system
- Participate in firm’s Manager activities include schedule Manager meetings
- Maintain and update Actuarial FAQs
- Provide back up to other services as needed
- Manage productivity and efficiency of direct reports
Responsibilities For Non-life Actuarial Manager Resume
- Manage overtime and handle Time and Attendance approval and adjustments
- Manage time off approval for direct reports
- Manage job performance of direct reports
- Mentor and guide career growth of direct reports
- A leadership role involving a delicate balance of leading a project and providing thought leadership to model development on the evolving frameworks such as new regulatory requirements (RBC in Hong Kong/ Singapore and LICAT in Canada, IFRS17)
- Support reporting policy, governance, and infrastructure upgrade
- Manages a team of 2-4 actuaries; mentors and guides them in achieving everyday tasks and responsibilities
Responsibilities For Deloitte, Pensions Actuarial Manager, Leeds Resume
- Superior fluency in articulating Inovalon and Avalere's value proposition, competencies and major content areas
- Review EV/ NBV deliverables from business units, and provide necessary support like internal consultant
- Perform division analysis to senior management in Asia and Group Offices
- Involve exposure to various local statutory regimes of our business units in Asia
- Conceptualize the scope of projects for clients, assemble a cross-functional team, and oversee the team from project initiation through completion of client deliverables
- Design and conduct analyses that quantify the impact of policy and/or market changes on clients’ businesses utilizing various analytical methods and data sources
- Preparation of experience studies, such as mortality / morbidity / expense etc
- Actuarial experience
- Provide actuarial expertise, oversight and guidance in developing various models based on the business needs of the client
Responsibilities For Actuarial Manager Resume
- Participate in and lead project teams in the production and presentation of deliverables for a diverse set of clients
- Proficiency in SAS, Excel, and/or other software languages
- Knowledge of Medicare Advantage, Part D, and/or risk adjustment analytics
- Advanced knowledge of actuarial concepts and methods and their application to a variety of health policy and health care business issues
- Peer review of new product pricing model for multiple channels including agency, brokerage and telemarketing, product types range from traditional to investment-linked
- Ensure all new product pricing complies with the company profitability and risk standards
- Perform profitability review on a regular basis
- Perform financial analysis of various promotional programs
- Assist in projects such as actuarial process improvement, HK RBC & IFRS17
Responsibilities For Senior Actuarial Manager Resume
- Other ad-hoc projects as assigned by superviso
- Communicate with other areas in Cigna Supplemental Benefits to ensure that rate actions are reflected appropriately in forecast and valuation tools
- Manages a small team of more junior actuarial associates
- Receives assignments in the form of objectives and establishes goals to meet objectives. Provides guidance to subordinates
- Develops and implements annual budget
- Establishes and recommends changes to policies which effect subordinate organization(s)
- Frequently interacts with subordinate supervisors, outside customers, and functional peer groups at management levels
- Deliver and present information to technical and non-technical audiences
- Perform and review complex analyses
Responsibilities For Assistant Actuarial Manager Resume
- Balance team workload with business needs and resource availability
- Promote educational development of team
- Passed 5 to 7 of the Casualty Actuarial Society examinations
- Lead rate reviews for commercial P&C products. Proactively monitor trends, mix of business and changes in operational practices that affect the performance of commercial insurance. Effectively communicate the results of the rate reviews to all stakeholders and propose appropriate rating changes
- Supervise staff and motivate them to perform at their best level. Coach junior staff members to develop their technical and personal skills. Act as a role model for the Aviva values and inspire others to follow them
- Build and review predictive models using Emblem to enhance accuracy of the pricing algorithms. Drive a balanced approach between technical considerations as well as business objectives to ensure maximum impact. Be able to clearly demonstrate the value of predictive analytics to non-actuaries
Responsibilities For Risk-actuarial, Manager Resume
- Build strong relationships with key stakeholders at the head office and the field. Identify the needs of our partners and tailor solutions that serve their needs and maximize value for commercial insurance
- Oversee regular monitoring processes and maintenance of rating tools. Seek improvement in existing processes and procedures to improve effectiveness and accuracy. Be forward thinking and adapt models and techniques to changes in business requirements, product and data structure
- Actuarial experience (at least 3 years in pricing)
- Ensure end-to-end reconciliation of claims and encounter data
- Works externally with CMS, our vendors/consultants, and industry experts to implement best-in-class practices
- Provides guidance to subordinates
- BS in Economics, Mathematics, Actuarial Science, or other related field
- Position requires attainment of Associate (ASA) designation