Actuarial Director - Enterprise Valuation

Elevance Health•Tampa, FL

3d•$155,760 - $233,640•Hybrid

About The Position

The Actuarial Director is responsible for providing actuarial leadership and oversight for statutory reserve reporting, reinsurance arrangements, and financial risk management activities supporting Elevance Health insurance subsidiaries. Primary responsibilities include statutory actuarial opinions and memoranda, reserve adequacy analysis, reinsurance monitoring, and actuarial support for complex funds withheld arrangements across multiple lines of business.

Requirements

Requires a BA/BS degree and minimum of 6 years related experience; or any combination of education and experience, which would provide an equivalent background.
FSA required from the Society of Actuaries (SOA).
Satisfy Life-specific U.S. Qualification Standards (USQS) requirements. necessary to support statutory actuarial opinions for life insurance entities
Strong communication, organizational, and cross-functional leadership skills.

Nice To Haves

BA/BS in Actuarial Science, Mathematics, Statistics, Finance, or related field preferred.
Minimum 6 years of actuarial experience, preferably including statutory valuation, reserve analysis, or financial reporting preferred.
Experience with reinsurance structures and reserve financing arrangements strongly preferred.
Experience with funds withheld reinsurance arrangements preferred.
Qualification to sign both NAIC Health and Life Statements of Actuarial Opinion preferred.
Fellow of the Society of Actuaries (FSA) strongly preferred. (but ASA acceptable if other qualifications are all met)
Experience with statutory and GAAP insurance accounting

Responsibilities

Lead actuarial support for statutory reserve reporting and financial reporting requirements for life and health insurance entities.
Support preparation of statutory actuarial opinions and memoranda, including coordination with internal and external stakeholders and regulatory requirements.
Monitor and analyze experience, profitability, and reserve adequacy by line of business and product.
Provide actuarial oversight for complex reinsurance arrangements, including funds withheld coinsurance structures covering various health insurance lines of business.
Partner closely with Finance, Accounting, Investments, and Corporate Actuarial teams to support statutory and GAAP financial reporting.
Ensure actuarial models, reserve calculations, and related accruals are appropriate, well controlled, and compliant with applicable accounting and regulatory requirements.
Support governance, audit, and regulatory interactions related to actuarial and reinsurance matters.
Serve as actuarial representative on major cross-functional initiatives involving reserving, financial reporting, and reinsurance.
Assist in developing internal actuarial governance and succession planning capabilities for appointed actuary responsibilities.