Manager, Actuarial Resume Sample
Brennon Marvin
100 Hodkiewicz Islands,
Phoenix,
AZ
+1 (555) 280 1489
Work Experience
Manager, Actuarial
09/2017
-
PRESENT
Chicago, IL
- Determine appropriate premium/charge/benefit/product features of the products. Assess the financial impact of the products by building and reviewing pricing models. Ensure the profitability of the products meet the corporate requirements. Identify and manage the risks associated with the products
- Key lead in product development project to ensure successful product launch, implementation and marketing approach. This includes reviewing the marketing materials and provisions, building check tool for UAT, preparing rates for system uploading
- Heavily involved in local reporting and valuation. This includes preparation of RBC valuation, other related regulatory (e.g. BNM, LIAM, PIDM, KWSP) and internal requirements according to different reporting standards and guidelines on a timely and accurate basis
- Accountable for the maintenance of AXIS dataset including new products’ modeling, basis change and implementation of valuation controls. This includes preparation and maintenance of accurate actuarial model to perform projections and valuation according to regulatory and business needs
- Accountable for the quality of valuation data and reducing the risk of error in valuing liability. Ensure controls on procedures & results with audit evidences and updated documentation are in place with regular review for enhancement
- Providing guidance to junior team members (e.g. actuarial assistant) to facilitate knowledge transfer, smooth transition of tasks and enhance the level of performance of the overall team
- Lead and mentor a team of junior analysts in analyzing pricing, rate monitoring and retention data
- Coordinate the team’s work schedule and make adjustments to ensure that timelines are met
- Prepare actuarial reports to help the business effectively manage existing portfolios
Manager, Actuarial Services
06/2012
-
08/2017
San Francisco, CA
- Review the work of team members for accuracy, completeness and reasonability. Ensure all work is appropriately documented
- Assist with development and implementation of strategies for risk segmentation, technical pricing and underwriting for profitable growth
- Contribute to and support the team’s best-practices framework
- Implementing Prophet model in accordance with internal and external requirements, with supports from team members
- Resolving difficult technical issues encountered during implementation for local countries and explaining variances observed
- Communicating to local countries counterparts regularly on issues arise during the project and understand the root causes of the issues
- Designing training materials and model documentation of the new model
- Working closely with local countries in designing optimal valuation processes using the new model
- Enforcing efficient model controls and maintaining good model support after implementation
Senior Manager, Actuarial
01/2007
-
05/2012
Houston, TX
- Manage and perform post-sale pricing related functions such as calculating premium true-ups, developing actuarial factor tables for inclusion in the Contract, handling amendment calculations, etc
- Collaborate with other PRT pricing associates as well as business and corporate partners to finalize sale and administrative documents during the post-sale process and resolve issues that arise
- Participate in regularly scheduled internal business team meetings during the post-sale onboarding phase
- Ensure a smooth transition of information to the Valuation and Reporting team necessary for ongoing reserving activities
- Provide support for ad hoc pricing or inforce management activities, including legacy inforce contract issues, as necessary
- Support internal efforts to secure necessary approvals both from Prudential Retirement’s leaders and other governing bodies across the Prudential Enterprise
- Implement efficient and robust onboarding processes and ensure compliance with Model Risk Policies and End User Controls
- Be an active participant in Prudential’s actuarial community
- Develop and manage provider focused solutions for internal and external customers
Education
New York University
2002 - 2007
Bachelor's Degree in Actuarial Science
Professional Skills
- Excellent business and collaboration skills, and responsive to service needs and operational demands
- Programming skills – VBA (Excel and Access)
- Internal and / or external Client facing project management experience including managing multiple projects / priorities simultaneously
- Relevant experience; Annuities, Variable Life Insurance, or Financial Services experience required
- Excellent ability to analyze, demonstrate, & communicate technical aspects of product initiatives
- Interest in and demonstrated capability to successfully lead projects and Client engagements effectively
- Have experience of working with actuarial models for reporting, pricing and valuation under different accounting frameworks
How to write Manager, Actuarial Resume
Manager, Actuarial role is responsible for database, auditing, finance, training, refining, compensation, reporting, design, modeling, insurance.
To write great resume for manager, actuarial job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Manager, Actuarial Resume
The section contact information is important in your manager, actuarial 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 Manager, Actuarial Resume
The section work experience is an essential part of your manager, actuarial 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 manager, actuarial responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular manager, actuarial position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Manager, Actuarial resume experience can include:
- Strong problem solving skills – both quantitative and logical. Demonstrates creativity and flexibility in problem solving
- Have past work experience in EV, US GAAP and local statutory financial reporting
- Experience leading the analytics of multiple small to mid - sized projects and / or initiatives simultaneously
- Actuarial experience working in Healthcare
- Preferably 5 - 7 years of working experience in life actuarial field
- Good exposure to accounting guideline/logic is highly useful
Education on a Manager, Actuarial Resume
Make sure to make education a priority on your manager, actuarial resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your manager, actuarial 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 Manager, Actuarial Resume
When listing skills on your manager, actuarial 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 manager, actuarial skills:
- Advanced proficiency working with MS Excel including experience building and refining models in Excel
- Experience managing direct reports or leading/guiding staff aligned to projects
- Experience overseeing direct reports OR guiding the analytics of staff on assigned projects
- Experience presenting and / or consulting with internal staff, internal / external clients, and senior leadership
- Experience mentoring and guiding the analytical work of junior staff against project timelines
- Rate Filing- Direct and observe regulatory process. Respond to internal and external auditors. Validate and/or sign certifications of compliance
List of Typical Experience For a Manager, Actuarial Resume
1
Experience For Manager, Actuarial Services Resume
- Help steer a coordinated initiative to enhance analytical exhibits to facilitate management’s review, thereby improving the effectiveness of existing controls
- Oversee a direct report to ensure model-related processes and controls are successfully implemented and maintained, through effective model governance and change control practices
- Coordinate issue management and work with outside groups to resolve issues in a timely manner
- Oversee interaction with Model Governance and Model Steward organizations
- Create or review documentation and flow charts related to controls and process risk
- Directly involved in the model development related to PRT Cash Flow Model
2
Experience For Manager Actuarial Resume
- Interpret and analyze risk adjustment data and recommend best approaches
- Interpret the key drivers of health care trends for our internal and external clients
- Determine the impact on premiums as well as various health product proposals
- Oversee and support reinsurance administration
- Support the Regional Office on operationalization of IFRS17 methodologies from a process, system and data perspective, includes performing impact analysis, expense study, CSM transition assessment, and supporting Regional on IFRS17 modelling
- Collaborate with Finance team to change/ build/ test the new systems and processes, develop and review the new disclosure/financial statements
3
Experience For Senior Manager, Actuarial Resume
- Prepare documentation of actuarial related calculation/ methodology for future reference and audit
- Support the team lead in company business plan to engage all the stakeholders and perform technical calculations on earning projection and to provide insights on other company key financial metrics, includes business changes due to new IFRS17 Standard
- Accountable for the reinsurance reporting. This includes financial analysis of reinsurance gain loss, preparing reinsurance statement to reinsurer and review of treaties
- Perform quarterly trend forecasts and track monthly trend performance, as well as other key metrics of the fully insured book of business
- Provide insight and identify opportunities for the business based on trend forecast and trend performance
4
Experience For Assistant Manager, Actuarial Resume
- Lead quarterly trend forecast meetings with key clients from within UHC’s finance and actuarial departments
- Identify issues/unusual trend performance and provide meaningful explanations and insights, as well as help develop mitigation plan
- Analyze/interpret the results of analyses and develop appropriate conclusions and recommendations
- Evaluate market events and business issues and quantify the impact on book of business
- Support Ad Hoc cost and utilization analytics
5
Experience For Manager Actuarial Services Resume
- Collaborate with stakeholders to identify and develop business questions for analytic investigation (e.g., utilization analysis)
- Utilize applicable data/analytical tools to extract and analyze data (e.g., SAS, SQL, Excel, Tableau)
- Compile and disseminate results of data analyses (e.g., data displays, PowerPoint decks)
- Optimize reinsurance strategies
- Conduct reinsurance review
- Accountable for the modeling and valuation production of embedded value (both in-force and new business value) reporting on a timely and accurate basis. This includes analysis on movement, reconciliation between actual vs target and provide continuous support to ensure successful performance measurement of Corporate/Regional/Business Unit initiatives
List of Typical Skills For a Manager, Actuarial Resume
1
Skills For Manager, Actuarial Services Resume
- SAS, R, Access, or other statistical programming experience
- Actuarial consulting experience in the Healthcare Industry
- Experience with modeling software such as Prophet or MG-ALFA
- Relevant actuarial experience working in the health insurance industry
- Has effective and developed organizational ability
2
Skills For Manager Actuarial Resume
- Preferably 2 – 4 years relevant experience
- Have past experience of successful implementation of actuarial models on Prophet for multinational insurance companies in Asia
- A qualified or nearly qualified actuary from an internationally recognised profession or qualified by suitable experience, such as ASA or FSA
- Strong in communication with peoples from different countries and have different cultures
- Healthcare Actuarial experience
- Some experience with C++, C#, Java, Python or similar language is required
3
Skills For Senior Manager, Actuarial Resume
- Experience in Medicare Advantage or Medicare Supplement
- Preferably 1 - 3 years relevant experience
- Actuarial experience in the Healthcare industry
- Lead experience
- Actuarial experience
- Experience with MS Visio,
- Provide thought leadership and direction around risk adjustment data validation (RADV) services
- Planning & Forecasting- Review and interpret models and make recommendations for planning, forecasting and reporting process
4
Skills For Assistant Manager, Actuarial Resume
- Auditing of Actuarial or Financial Processes,
- Advanced proficiency working with MS Excel including formulas, calculations, charts, graphs, macros, etc
- 4 or more preliminary exams and completed FAP modules while working towards credentialing or ASA/MAAA designation
- Interpreting and analyzing risk adjustment data
- Manage other actuarial work as assigned such as CHIP filing, FEHBP filing, IBNR analysis/completion, report and analysis completion
5
Skills For Manager Actuarial Services Resume
- Manage the Optum trend forecasting group dedicated to supporting UHC’s Employer and Individual business
- Proficiency in Excel, Access, VBA, SAS, SQL or other programming languages
- Comfortable explaining risk control activity to auditors and other control partners,
- Develop subject matter expertise in current and emerging value - based care models
- In-depth understanding of health insurance market dynamics
- Perform pricing methodologies and assumptions
6
Skills For Manager, Actuarial Resume
- Analyze and review the technical requirement of IFRS17, accounting logic, actuarial calculation logic and business implications
- Provide quarterly regional trend performance tracking
- Fosters team spirit and loyalty to the company
- Projects a professional image and acts accordingly
- Extensive knowledge of insurance products, features and risks
- Takes initiative on projects and assignments, seeks alternate solutions
- Juggle multiple projects and meet deadlines
7
Skills For Manager, Actuarial Services Resume
- Reserve Analysis- Review reserve analyses and recommend appropriate reserve levels
- Pricing, Trend & Benefit Design- Oversee and recommend pricing and trend for product and/or services. Understand and communicate financial impact on business plan to business unit management
- Risk Assessment- Partner with business managers to provide sound risk management advice
- Pricing and Rating- Oversee and recommend pricing for products and/or services. Implement pricing actions and validate accuracy of rating systems. Understand and communicate financial impact on business plan to business unit management
- Perform IBNR estimates and rate adequacy studies. Document assumptions. Oversee the creation of actuarial opinions and rate issue letters. Oversee other related state reporting requirements
8
Skills For Manager Actuarial Resume
- Preferably 3 - 5 years relevant experience
- Experience in the operation and maintenance of valuation software
- Comfortable reading and writing technical documents which describe models or processes
- Explain technical concepts in plain language to non-technical stakeholders – both verbally and in writing
- Identify risks in a financial process and propose practices which mitigate those risks
- Proficiency with SAS and / or SQL
9
Skills For Senior Manager, Actuarial Resume
- Risk Management of Financial Processes,
- Actuarial or Financial Valuation,
- Actuarial work with 3 years in a leadership position
- BS or BA in Health Economics, Statistics, Actuarial Science, Healthcare Services Research, Finance, or related
- Analytic expertise to identify relevant and actionable study components
- Completion of two FSA-level exam components
- Familiarity with Sarbanes-Oxley processes,
- Variable Annuities and VA guarantee riders,
10
Skills For Assistant Manager, Actuarial Resume
- At least a basic level of proficiency with SAS and / or SQL
- Perform financial projections and pro - formas for value based care contracts
- Advise clients on value based care contracts and term definitions
- Lead junior project staff on analyses
- Directly manage Medicare Bid process, including direct communication with consultants, preparing presentations, providing all requested reports and pricing, responding to desk review queries, and working with other departments to file all bids in a timely manner
- Price, analyze, and assign annual premium increases/decreases to Medicare Employer Groups; includes communication with product development/ sales and the ability to explain pricing decisions to senior management
- Provide actuarial support and requests for the annual CMS Financial Audits; communicate with auditors when needed
- Supervise and develop actuarial staff to ensure that departmental objective and goals are achieved in a timely manner
- Identify efficiency opportunities within the new control structure and risk management procedures, for valuation processes associated with our new GGY-AXIS based models
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