Founded in 1909, Mutual of Omaha is a solid, family-oriented company that's reliable, trustworthy, knowledgeable and caring. We are a full-service, multi-line provider of insurance and financial services products for individuals, businesses and groups throughout the United States. We are committed to providing outstanding service to our policyholders. Our commitment to customer service is the cornerstone of our vision and values.
We are seeking to hire an SVP Corporate Actuarial. As a member of the Finance Operation leadership team, reporting directly to the Chief Financial Officer, the SVP Corporate Actuarial provides leadership and direction for the Corporate Actuarial Division. Oversees the valuation, modeling, capital management, risk and reinsurance activities of the Company and its affiliates. Monitors enterprise capital needs and resources, and recommends and executes selected capital raising initiatives. Provides independent perspective on SBU product strategies and pricing approaches to help balance short term competitive demands with long term financial soundness.
Provides general management for the Corporate Actuarial Division. Directs the planning, organizing, leading and controlling of all Division activities. Develops and monitors the Division budget. Provides leadership and direction to direct reports and oversees all Division HR functions.
Oversees the development of all valuation assumptions and reserve methodologies. Oversees the regular valuation processes to report reserves in a timely and accurate fashion. Communicates reserve issues to other members of senior management and SBU's. Resolves differing reserve perspectives and makes final decision when needed.
Oversees the development of projection assumptions and methodologies for assigned product lines. Oversees the production of IFS inputs to the planning process. Oversees development and use of other models in support of cash flow testing, ALM processes, economic capital calculations, and any other new process needed. Oversees related financial analyses to understand and explain product performance for assigned product lines.
Partners with the product areas to establish assumptions and models and to provide independent perspective on product strategies and pricing techniques.
Oversees development and execution of enterprise capital management program, including responsibility for the Company's economic capital program. Participates on Enterprise Risk Management Committee.
Oversees reinsurance operations of the Company. Partners with the product areas to establish reinsurance strategies and programs to mitigate risk consistent with the enterprise risk tolerances.
Monitors capital needs and resources. Evaluates capital raising options, makes recommendations and executes selected transactions. Establishes capital allocation process among insurance product lines to facilitate financial reporting and evaluation of product line profitability.
Oversees the investigation of profit and financial problems and contributes to achievement of risk-adjusted revenue and product line profitability goals with minimum adverse effect on third parties.
Oversees the determination of the expected financial impact, reviews and assesses product line ability as they respond to new challenges brought about by a new pending regulatory environment, including state and federal reform.
Remains current on new insurance products, procedures and regulatory reforms by actively participating in industry professional groups and various Company and state-sponsored committees.
Directs and oversees the Corporate actuarial student program.
Develops and maintains an engaged and accountable workforce.
Develops and maintains a fair and equitable work environment. Fellowship in the Society of Actuaries (FSA), plus a seasoned actuarial background
Ability to incorporate actuarial expertise with the creativity necessary to effectively design and critique new products
Ability to interface with regulators and trade associations regarding evaluating capital requirements and other regulatory issues
Creativity, awareness of emerging environmental and industry trends, and strong problem solving abilities using business oriented solutions
Excellent planning and leadership skills
Ability to effectively communicate and make effective presentations to corporate officials, clients, brokers, rating agencies, and community leaders
Ability to develop and operate within budget
Ability to analyze, interpret, and utilize significant data to make sound business decisions
Strong organizational awareness as observed through an ability to understand the influential relationships in the organization
Strong relationship-building skills through building and maintaining relationships or networks of contacts with people who are, or may some day be, useful in achieving work related goals
Strong achievement orientation as expressed by competing against a standard of excellence
Ability to develop or foster development of others
Preference for taking action to improve outcome or prevent negative outcome
Strong knowledge of Company products; excellent knowledge of pricing and marketing philosophies and objectives and a broad background in the operations of the Company
Physical Requirements for the Essential Functions of this Position include:
Keyboarding/Writing (working primarily with fingers) up to 33% of the work period
Handling (working primarily with fingers) up to 33% of the work period
Sitting up to 66% of the work period
Standing/walking up to 33% of the work period
Talking (required use of voice) for greater than 66% of the work period
Near Vision - Visual Acuity at 20 inches greater than 66% of the work period
Far Vision - Visual Acuity at 20 feet or more up to 33% of the work period
Hearing up to 66% of the work period
Mutual of Omaha is an Equal Opportunity Employer
Mutual of Omaha - 19 months ago
A subsidiary of mutual insurance giant Mutual of Omaha, United of Omaha Life Insurance tames the wild kingdom of financial uncertainty for...