Actuary Model Risk

Profile

Description

The Actuary, General provides actuarial support across a broad range of actuarial and business needs for specific product lines. The Actuary, General works on problems of diverse scope and complexity ranging from moderate to substantial.

Responsibilities

The Actuary, General may be responsible for any combination of valuation, pricing, analytics, forecasting, risk, compliance, and operations. Advises executives to develop functional strategies (often segment specific) on matters of significance. Exercises independent judgment and decision making on complex issues regarding job duties and related tasks, and works under minimal supervision, Uses independent judgment requiring analysis of variable factors and determining the best course of action.

The Actuary within the Enterprise Risk Management team of the Chief Risk Office, will be responsible for working with business leaders across the organization to identify, assess, and monitor key business risks, particularly risks associated with critical quantitative models and/or other financial risks.


Lead independent peer reviews of complex quantitative models used across various business areas including actuarial, finance, and/or various data science teams
Partner with modeling teams and stakeholders on a variety of model risk initiatives including model maturity assessments as well as the ongoing monitoring and reporting of key model risk metrics
Partner with Actuarial and Finance leaders to conduct a variety of financial scenario analysis activities
Partner with key modeling teams and stakeholders to develop and roll out modeling guidance and/or training resources to promote continuous process improvement
Provide appropriate guidance and oversight for enterprise-wide model risk management applications and the enterprise model inventory
Prepare presentations and reporting for a variety of key stakeholders including risk working groups, Humana executive leadership, Board of Directors, and external entities such as Departments of Insurance.
Lead and/or support other key enterprise risk initiatives


Required Qualifications


Bachelor's Degree
FSA or ASA plus relevant advanced degree, recent and relevant work experience, and/or other relevant professional designations.
MAAA
3 years of health actuarial work experience
Strong communication skills
Experience in more than two functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving or trending)
5 years of experience in developing, maintaining, and/or overseeing complex actuarial, financial, and/or data science models
2 years of project leadership experience
Strong communications and presentation skills
Strong commitment to excellence and attention to detail
Ability to influence leaders at a variety of levels and build consensus


Preferred Qualifications


Ability to lead complex projects to completion using project management methodologies
Knowledge of key Humana business areas or functions
Demonstrated track record of success
Experience and understanding of risk management and control processes
Relevant professional certifications


Scheduled Weekly Hours

40

Company info

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