Job Posting End Date: 01/13 Unum is a company of people serving people. As one of the world's leading employee benefits providers and a Fortune 500 company, Unum's financial protection benefits help protect more than 33 million working people and their families from the financial impact of illness or injury. Unum's three distinct, but similarly focused US businesses - Unum US, Colonial Life, and Starmount Life - are each a market leader in making disability, life, accident, critical illness, dental, and vision insurance accessible in the workplace. Headquartered in Chattanooga, Tennessee, Unum has significant US operations in Portland, Maine, Worcester, Massachusetts, and Glendale, California with over 35 field offices nationwide. Colonial Life is headquartered in Columbia, South Carolina with over 40 field offices nationwide. Starmount Life is based in Baton Rouge, Louisiana, and is the dental and vision center of excellence for Unum in the US. General Summary:The Director Actuary, Valuation at the Colonial Life campus in Columbia, SC is responsible for the reporting of GAAP, Statutory, and Tax reserves and related financial entries (including FAS97 accounting) across both Life and Accident and Health (A & H) products, leadership and subject matter expertise in cross-functional projects, and facilitating strategic and tactical decisions resulting from actuarial analysis. In this role, you will leverage technical acumen and a strong foundation in Voluntary Benefits products to advance our financial framework objectives of a deep financial understanding of our business that is forward thinking and reflects a culture of quality analytics. The role partners frequently with multiple lines of business on the other Unum campuses, corporate staff, external partners, and senior leadership.This is a senior level position that requires independent judgment, initiative and solid business knowledge. This role actively identifies, researches and analyzes a variety of actuarial issues and concepts. In this role, one will identify, plan and initiate projects and may manage a team. Considerable reliance will be placed on the individual's judgment. This position is an active participant on a variety of other cross functional/operating teams (e.g., underwriting, compliance, customer care etc.) Minimum qualifications include at least four years of relevant experience and the designation of Fellow of the Society of Actuaries. Principal Duties and Responsibilities - Analyze emerging experience, monitor marketplace trends, and identify issues. - Develop analysis framework and recommend enhancements. - Recommend updated pricing, valuation or reserving assumptions to management. - Project management. - Participation in monthly close activities and explaining trends to management. - Review of actuarial staff work, providing coaching and guidance. - Developing new positions of actuarial interpretation (related to accounting bases, actuarial methods, product updates). - Lead development of tools to support pricing, valuation, underwriting and business analysis and participate in implementation efforts. - Prepare financial reports and projections; perform analysis of financial data. - Participate actively on cross-functional/operational task forces (e.g. underwriting, compliance, customer care). - Mentor, manage and train an actuarial support staff. Job Specifications - Bachelors degree required. - Fellowship in the Society of Actuaries. - At least four years of relevant experience and/or a high level of technical expertise. - Strong problem solving ability and project management skills. - Hands-on experience with current technology. - Solid people management. - Strong verbal and written communication skills. - Demonstrates strong leadership abilities. LI-RC1 IN1 Unum and its family of businesses offer world-class training and development, generous compensation and benefits packages, and a culture built on employee ideas. Unum is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person's race, color, religion, national origin, age, genetic information, military status, gender, sexual orientation, gender identity or expression, disability, or protected veteran status. Company: Unum A Fortune 500 company, Unum's family of 10,000 employees spans three countries and dozens of office locations. Our employees focus each day on delivering financial protection benefits to millions of workers and their families when they need it most. The Unum enterprise includes Unum in the U.S. and U.K., Colonial Life and Starmount Life Insurance - each a market leader in making disability, life, accident, critical illness, dental and vision insurance accessible in the workplace.
