Director, Actuarial

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• Manages a larger team or multiple small teams:
  • Provides mentorship to staff on technical topics, processes, and the control environment.
  • Oversees the responsibilities of the team, assisting in setting priorities, assigning tasks and tracking progress.
  • Supports the management of problem resolution and breaking down barriers.
  • Manages the performance of direct reports by developing leadership skills, setting expectations, and providing feedback.
  • Advises on resource deployment and succession planning.
• Leads cross-functional and cross-departmental team meetings, meetings with senior management, and meetings with external parties.
• Communicates with actuarial associates at all levels, cross-departmental associates at all levels, and external parties, orally and in writing.
• Composes reports and presentations for senior management.
• Provides senior manager level review of proposed actuarial methodology changes, new product implementations, and the work product of project teams.
• Directs processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
• Drives initiatives for improving methods and procedures, as necessary, to increase efficiency and improve controls.
• Leads cross-functional and cross-departmental projects, creating project plans and assigning tasks.
• Finds issues, proposes solutions, identifies and secures resources to resolve.
• Directs the identification of risks and development of mitigating controls.
• Directs all aspects of VA/RILA statutory modeling and reporting under VM-21, C-3 Phase II, and NY Regulation 213.
  • Production of monthly, quarterly, and annual VA/RILA statutory reserves and required capital, including execution of the Model Audit Rule control framework over the processes.
  • Production of the VM-31 PBR Actuarial Report.
  • Serves as VA/RILA statutory model owner

• Other Duties

• Performs other duties and/or projects as assigned.

• Knowledge, Skills & Abilities

• Expert knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
• Expert in one or more of insurance product lines (life, annuities). Advanced knowledge in one or more other lines.
• Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). Advanced experience in at least one other key field of actuarial work.
• Firm understanding of all fields of actuarial work.
• Expert knowledge of several actuarial applications used by Jackson, such as SAS, Python, ALFA, etc.
• Understanding of industry advancements, best practices and technology initiatives.
• Ability to guide cross-functional and cross-departmental project teams to implement advanced changes to applications.
• Ability to envision process improvements and develop project plans to advance the processes.
• General to advanced understanding of several processes applied across the Jackson actuarial department.
• Ability to communicate highly analytical and complex ideas to broad spectrum of audiences, including external parties, both in writing and orally.
• Ability to design/direct/review effective formal reports and presentations for senior management.
• Ability to lead cross-function and cross-departmental team meetings.
• Ability to direct the efforts of a larger team or multiple small teams, assisting in setting priorities and overcoming obstacles.
• Ability to lead, coach, and mentor junior and manager level staff.
• Strong analytical and problem-solving skills with the ability to effectively resolve complex problems and issues.
• Qualifications
• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
• 8+ years of actuarial experience and FSA or 12 + years of actuarial experience and ASA required.
• 10+ years of actuarial experience and FSA or 14+ years of actuarial experience and ASA preferred.
• 3+ years of management experience required.
• Variable Annuity experience strongly preferred.
• Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) designation preferred.
• The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by the personnel so classified.

Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.