Home
/
Accounting and Finance
/
AVP, Valuation - IDI (Individual Disability Insurance) Actuarial Leadership Role
AVP, Valuation - IDI (Individual Disability Insurance) Actuarial Leadership Role-November 2024
Portland
Nov 22, 2024
ABOUT UNUM GROUP
Unum Group is a Fortune 500 provider of employee benefits that help the working world thrive. We do this with our Unum and Colonial Life brands.
10,000+ employees
Financial Services, Insurance
VIEW COMPANY PROFILE >>
About AVP, Valuation - IDI (Individual Disability Insurance) Actuarial Leadership Role

  Job Posting End Date: January 05

  When you join the team at Unum, you become part of an organization committed to helping you thrive.

  Here, we work to provide the employee benefits and service solutions that enable employees at our client companies to thrive throughout life's moments. And this starts with ensuring that every one of our team members enjoys opportunities to succeed both professionally and personally. To enable this, we provide:

  Award-winning cultureInclusion and diversity as a priorityPerformance Based Incentive PlansCompetitive benefits package that includes: Health, Vision, Dental, Short & Long-Term DisabilityGenerous PTO (including paid time to volunteer!)Up to 9.5% 401(k) employer contributionMental health supportCareer advancement opportunitiesStudent loan repayment optionsTuition reimbursementFlexible work environments

  *All the benefits listed above are subject to the terms of their individual Plans.

  And that's just the beginning...

  With 10,000 employees helping more than 39 million people worldwide, every role at Unum is meaningful and impacts the lives of our customers. Whether you're directly supporting a growing family, or developing online tools to help navigate a difficult loss, customers are counting on the combined talents of our entire team. Help us help others, and join Team Unum today!

  General Summary:

  This FSA required actuarial position is responsible for establishing valuation assumptions and methodologies consistent with appropriate guidance for GAAP, Statutory and Tax reporting and monitoring emerging experience and pricing actions to assess the need for assumption updates.

  This position also supports annual reporting for reserve adequacy and cash flow testing as well as quarterly and annual financial reporting functions. This position is responsible for ensuring that processes and procedures comply with Sarbanes-Oxley reporting requirements. This job interacts with accounting, internal and external auditors, and other Actuarial functions.

  Principal Duties and Responsibilities

  Establish assumptions for valuing liabilities and DAC assets consistent with appropriate reporting guidance and actuarial standards of practiceMonitor experience and changes in pricing views to assess impact on valuation Make recommendations concerning valuation of liabilities consistent with reporting guidance and standards of practice; support similar analysis related to GAAP DAC assets Integrate valuation process with modeling processes as required to support liability testing for reserve adequacy and cash flow testingSupport and ensure compliance with financial reporting requirements for monthly, quarterly, and annual reporting for Statutory, GAAP and Tax liabilities Support both internal and external audits of liabilities; interact with internal and external auditors as needed Support periodic reporting and modeling of the business for financial planning, reserve adequacy analysis, and cash flow testingMonitor proposed or prescribed requirements related to emerging valuation practices; analyze implications to Statutory and GAAP reporting for the lines of business Within IDI (Individual Disability Insurance) product line - support of settlement functions, support of reinsurance transactions, support of financial planning functions, etc. Manage a staff including various levels of IDI actuarial and financial resources up to Director level. May perform other duties as assigned

  Job Specifications

  Bachelors degree and FSA required with minimum of 5 years post FSA experience, advance degree preferred.Member of the American Academy of Actuaries.8+ years previous experience in experience analysis, pricing or valuation for one or multiple product lines. Strong business background with ability to work closely with other finance areas and business areas for a product line.Ability to manage, develop and motivate a staff, including ASA, Actuarial students and actuarial analysts.Ability to make decisions and recommendations related to the valuation function directly to upper level finance management up to the Chief Actuary and CFO for Unum US.Strong verbal and written communication skills, with acumen in both professional and business communications. Previous experience working through periods of change.Experience with Prophet a plus.

  #LI-LM2021

  Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.

  The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.

  $133,500.00-$261,000.00

  Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.

  Company:

  Unum

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
Financial Services Specialist
Job Description Assists processing payments, issues patient receipts, and maintains collection log. Job Responsibility Verifies patients insurance and collects additional insurance such as No Fault a
Treasury Associate
Your team responsibilities This is a challenging position and will be of particular interest to individuals looking to take on a treasury management role with global responsibilities within a large,
Senior Risk Decision Science Analyst
Company Description Checkout.com is one of the most exciting fintechs in the world. Our mission is to enable businesses and their communities to thrive in the digital economy. We’re the strategic pay
Senior Financial Analyst
Our Opportunity: Chewy is seeking a highly motivated, analytical, and customer focused Senior Financial Analyst to join our Corporate Finance team in Boston, MA, Minneapolis, MN or Plantation, FL. Co
Senior Claims Advocate-Workers Compensation
Position Overview: A seasoned claims position for a highly motivated and energetic individual who can deliver total quality claim service to large loss sensitive clients.  Must possess strong analyti
Senior Manager, xScale FP&A
Senior Manager, xScale FP&A Equinix is the world's digital infrastructure company, operating 250 data centers across the globe and providing interconnections to all the key clouds and networks. B
Senior Financial Analyst
Our Opportunity: Chewy is seeking a highly motivated, analytical, and customer focused Senior Financial Analyst to join our Corporate Finance team in Boston, MA, Minneapolis, MN or Plantation, FL. Co
Principal Security Risk and Governance Architect
The Principal Security Risk and Governance Architect at Atlassian will be responsible for designing, implementing, and overseeing the company's security risk and governance strategy. This role requir
Global Billing
Position overview We are looking for a temporary candidate who is organized, efficient, and detail-oriented Billing Analyst to join the Global Billing Operations in our company. The Billing Analyst's
Accountant - Hybrid, Charlotte, NC
Logistics at full potential. At GXO, we're constantly looking for talented individuals at all levelswho can deliver the caliber of service our company requires. You know that a positive work environm
Copyright 2023-2024 - www.zdrecruit.com All Rights Reserved