Actuarial Director - Enterprise Valuation

Actuarial Director - Enterprise Valuation

Location: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

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.

How you will make an impact:

• 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.

Minimum 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).

Preferred Skills, Capabilities and Experiences:

• 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)
• Satisfy Life-specific U.S. Qualification Standards (USQS) requirements. necessary to support statutory actuarial opinions for life insurance entities
• Experience with statutory and GAAP insurance accounting
• Strong communication, organizational, and cross-functional leadership skills.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $ 155,760 to $ 233,640.

Locations: Mendota Heights, MN