Valuation Manager

Valuation Manager

Looking to join a growing company dedicated to helping others? We offer that, plus competitive salaries, a culture of learning, and a fast-paced environment. This is a hybrid position with 3 days in-office. Join our team to help make a difference in the lives of others! 

About Continental General:

The Continental General family of companies has provided insurance, including life and long-term care policies, to individuals and groups for over 30 years, and currently supports over 100,000 policyholders. Both our insurance company, Continental General Insurance Company, and our third-party administrator, Continental General Services, are committed to the continuous development of our infrastructure, processes, and people. The group is actively growing through expansion of both its insurance portfolio and its administrative services. With each opportunity, we take a collaborative approach to address challenges and provide unique solutions.

Your Role:

The Valuation Manager is responsible for the overall management and technical oversight of 3-6 Valuation staff members and oversees the monthly Statutory financial reporting process. In addition to the routine financial reporting, this position takes a lead on directing large scale projects as defined by management.

Perform work under minimal supervision. Rely on experience and judgment to plan and accomplish goals. Work with significant authority on assignments of higher technical complexity and variety. Maintain extensive knowledge of insurance products, operations, and existing regulations, as well as awareness of legal, political, economic, and environmental impacts on the insurance product and operation. To continue career progression in Actuarial, maintaining eligibility in the Actuarial Student Program and continued work toward attainment of Fellowship is expected.

Responsibilities:

• Responsible for the overall management and technical oversight of 3-6 Valuation staff (mentors, prioritizes, delegates and reviews assignments for fellows, associates, actuarial candidates and / or support personnel)

  • Manages employees performing actuarial studies and analyses of statistical data for a variety of purposes

  • Directs staff in analyses that support the determination of reserves, the calculation of premiums and / or design of products / plans for multiple business units

  • Has responsibility for performance, development and coaching of staff (i.e., hiring, firing, performance, salary increases, etc.)

  • Ensures the department has sufficient trained staff to provide necessary levels of service and achieve department performance results

• Directs monthly valuation process, ensuring accurate and timely production of monthly valuations, and reviews and approves all necessary audit and control activities related to these responsibilities

• Prepares actuarial portion of financial reports in accordance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP)

• Provides actuarial information related to financial statements, tax returns, and / or risk position

• Interfaces with internal and external auditors

• Reviews and approves analysis of reserves and non-forfeiture values of new and existing products

• Direct and provide project leadership on large-scale department projects

• Originates, leads, and evaluates process and framework updates which are of a highly specialized, complex, and strategic nature

• Leads efforts within the actuarial department to develop strategies to improve financial reporting capabilities, while addressing and mitigating risks

• Ensure documentation of actuarial analysis

• Make decisions based on interpretation of rate indications, evaluating pricing levels, and analyzing profitability.

• Stay up to date on state-specific and National Association of Insurance Commissioners (NAIC) regulations and industry developments

• Maintain extensive knowledge of insurance products, operations, and existing regulations

• Demonstrate proficiency with advanced Excel techniques and programming to work with data

• Perform other duties as assigned

Qualifications:

• Bachelor's degree or equivalent in Actuarial Science, Mathematics, Statistics, or a related discipline

• Minimum of 10 years of relevant Actuarial experience; LTC experience preferred

• Requires expertise in modeling, programming, or quantitative analysis

• Demonstrated experience in communicating and presenting statistical information to all levels of management

• Associate of the Society of Actuaries (ASA) designation is required, and candidate is typically completing additional coursework towards Fellowship (may have completed Fellowship)

• Must be a Member of the American Academy of Actuaries (MAAA)

Why Join Us?

• Opportunity to make a meaningful impact at a growing company while leading complex actuarial work in a collaborative and supportive environment

• Competitive salary and benefits

• Collaborative and fast-paced work environment.

• Professional development and growth opportunities within the insurance space.

Benefits:

• Competitive Salary & Target Bonus Program

• Retirement Savings – 401(k) with a company match

• Comprehensive Medical insurance through BlueCross BlueShield of Texas. Company-paid dental, vision, short-term & long-term disability, and life insurance.

• Work-Life Balance – 20+ days of PTO, 10 paid holidays, and paid volunteer time off.

• Flexible Work Options & Perks – Hybrid opportunity, wellness programs, and weekly paid lunch for onsite staff.

• Health Savings & Flexible Spending Accounts – Includes a company match for HSAs.