Aetna Actuarial Director (Cred) in Blue Bell, Pennsylvania

Req ID: 50811BR

POSITION SUMMARY

In this role your primary responsibilities will be to work supporting commercial actuarial in putting together the MOR(monthly operating report). You will prepare the monthly results, analysis & presentations and you lead/manage projects in support of strategic and operating plan goals. Negotiate and influence sound business decisions by adhering to established risk management principles. Anticipate and recognize matters that materially affect financial results and make sound, unbiased reports on these matters. Participate on work groups/ forums representing Aetna to external constituents. Functionally may include regional actuaries and lead product development, line of business, rating system and valuation actuaries along with senior management.

Fundamental Components:

Leadership: Management of Resources- Lead/manage projects established to support goals identified in strategic and operating plans. Influence/motivate resources within and outside of direct control to complete projects. Exhibit innovative use of resources.

Scope of Decision Making- Broad decision making authority typically tied to level of financial impact.

Aetna Way- Foster behavior that reflects Aetna's values and is in accordance with the Aetna Way.

Product & Business Knowledge:

Assumptions & Data Sources- Review assumptions developed by staff from a business perspective and are able to influence senior management to accept alternative recommendations. Integrate understanding of internal and external data sources for quantifying risks.

Programs, Policies & Processes- Apply knowledge of corporate products, programs, processes and policies to resolve problems and issues.

Regulatory Issues- Assure compliance with applicable regulations, laws and standards.

Risk Analysis & Management: Risk Assessment- Provide leadership in the negotiation and influencing of sound business decisions through adherence to established risk management principles.

Rate Filing- Facilitate regulatory process. Respond to internal and external auditors. Validate and/or sign certifications of compliance.

Reserve Analysis- Review reserve recommendations and set adequate reserve levels.

Planning & Forecasting- Review recommendations and set forecast in collaboration with finance and business partners. Pricing, Trend & Benefit Design- Partner with business owners in decision making process around pricing and trend.

Technical Proficiency:

Use of Technology- Develop creative technical solutions to a variety of problems. Stay apprised of technical innovations as potential solutions for actuarial issues and concerns.

Development & Implementation- Oversee/manage the development and implementation of tools and models.

Maintenance & Enhancements- Manage cost to implement and prioritize changes to processes, tools and systems. Present to senior management to approve funding.

Business Specifications- Signoff detailed business requirements for system development.

Testing- Review testing results for changes to processes, tools and systems.

Constituent Focus- Lead interdepartmental teams to shape process and policy. Represent Aetna on industry workgroup

BACKGROUND/EXPERIENCE desired:

  • Work ethic and tenacity

  • Project Management

  • Strong collaboration skills (and a broad Aetna network is beneficial)

  • Communication for Impact is essential

    Bachelor's degree along with 7+ years related work experience.

    Must be an ASA (Associate of the Society of Actuaries) or FSA and a member of the American Academy of Actuaries able to sign state rate filings and other required actuarial certifications.

    EDUCATION

    The highest level of education desired for candidates in this position is a Bachelor's degree or equivalent experience.

    LICENSES AND CERTIFICATIONS

    Actuarial/American Academy of Actuaries is required

    Actuarial/Fellow of the Society of Actuaries is desired

    FUNCTIONAL EXPERIENCES

    Functional - Actuarial/Risk analysis/management/7-10 Years

    Functional - Leadership/Lead a business in different geographies or multiple markets/7-10 Years

    Functional - Leadership/Profit & Loss Accountability/7-10 Years

    ADDITIONAL JOB INFORMATION

    Aetna is about more than just doing a job. This is our opportunity to re-shape healthcare for America and across the globe. We are developing solutions to improve the quality and affordability of healthcare. What we do will benefit generations to come.

    We care about each other, our customers and our communities. We are inspired to make a difference, and we are committed to integrity and excellence.

    Together we will empower people to live healthier lives.

    Aetna is an equal opportunity & affirmative action employer. All qualified applicants will receive consideration for employment regardless of personal characteristics or status. We take affirmative action to recruit, select and develop women, people of color, veterans and individuals with disabilities.

    We are a company built on excellence. We have a culture that values growth, achievement and diversity and a workplace where your voice can be heard.

    Benefit eligibility may vary by position. Click here to review the benefits associated with this position.

    Aetna takes our candidate's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.

Job Function: Actuarial