AMS Management Group
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Location:
Remote •
Reports To:
Chief Medical Officer •
Department:
Actuarial •
Employment Type:
Full-Time, Executive Level
Overview The
Chief Actuary – Medical Liability
is responsible for leading the actuarial function related to medical professional liability (MPL) insurance, including pricing, reserving, risk assessment, and financial forecasting. This executive role collaborates with senior leadership, underwriters, and finance teams to ensure financial stability and profitability while complying with regulatory requirements.
Key Responsibilities
Actuarial Leadership & Strategy
Develop and execute actuarial strategies for medical malpractice and healthcare professional liability insurance.
Lead the pricing and reserving processes for MPL products, ensuring adequate financial reserves.
Oversee the development of predictive models and advanced analytics to improve underwriting and claims management.
Provide actuarial insights to senior leadership on financial planning, risk appetite, and portfolio management.
Ensure compliance with actuarial standards of practice, insurance regulations, and financial reporting requirements.
Establish and monitor loss reserves, ensuring adequacy and regulatory compliance.
Conduct loss ratio projections and scenario testing to assess portfolio risk.
Collaborate with claims and legal teams to analyze claims trends and their financial impact.
Implement reinsurance strategies to optimize risk transfer and capital efficiency.
Develop and refine pricing models for medical malpractice and healthcare liability policies.
Utilize data-driven insights and actuarial methodologies to ensure competitive and profitable rate structures.
Partner with underwriters to assess risk selection, coverage structures, and policy terms.
Monitor market trends and competitor pricing to adjust strategies accordingly.
Regulatory Compliance & Financial Reporting
Prepare actuarial reports and financial statements in accordance with regulatory and accounting requirements.
Liaise with state insurance departments, auditors, and rating agencies on actuarial matters.
Ensure compliance with NAIC, GAAP, IFRS, and statutory reporting requirements.
Leadership & Team Management
Lead and mentor a team of actuaries, fostering professional development and innovation.
Drive a culture of excellence, collaboration, and continuous learning.
Represent the company at industry conferences, regulatory hearings, and actuarial associations.
What We Offer
Competitive executive compensation package: salary range from $205,000 – 255,000
Performance-based incentives
Comprehensive benefits including health, dental, vision, and retirement plans
Opportunities for professional development and industry leadership
A mission-driven culture focused on protecting healthcare professionals and improving patient safety
Additional Details
Seniority level:
Executive
Employment type:
Full-time
Job function:
Finance and Sales
Industries:
Insurance
Referrals increase your chances of interviewing at AMS Management Group by 2x
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Get AI-powered advice on this job and more exclusive features.
Location:
Remote •
Reports To:
Chief Medical Officer •
Department:
Actuarial •
Employment Type:
Full-Time, Executive Level
Overview The
Chief Actuary – Medical Liability
is responsible for leading the actuarial function related to medical professional liability (MPL) insurance, including pricing, reserving, risk assessment, and financial forecasting. This executive role collaborates with senior leadership, underwriters, and finance teams to ensure financial stability and profitability while complying with regulatory requirements.
Key Responsibilities
Actuarial Leadership & Strategy
Develop and execute actuarial strategies for medical malpractice and healthcare professional liability insurance.
Lead the pricing and reserving processes for MPL products, ensuring adequate financial reserves.
Oversee the development of predictive models and advanced analytics to improve underwriting and claims management.
Provide actuarial insights to senior leadership on financial planning, risk appetite, and portfolio management.
Ensure compliance with actuarial standards of practice, insurance regulations, and financial reporting requirements.
Establish and monitor loss reserves, ensuring adequacy and regulatory compliance.
Conduct loss ratio projections and scenario testing to assess portfolio risk.
Collaborate with claims and legal teams to analyze claims trends and their financial impact.
Implement reinsurance strategies to optimize risk transfer and capital efficiency.
Develop and refine pricing models for medical malpractice and healthcare liability policies.
Utilize data-driven insights and actuarial methodologies to ensure competitive and profitable rate structures.
Partner with underwriters to assess risk selection, coverage structures, and policy terms.
Monitor market trends and competitor pricing to adjust strategies accordingly.
Regulatory Compliance & Financial Reporting
Prepare actuarial reports and financial statements in accordance with regulatory and accounting requirements.
Liaise with state insurance departments, auditors, and rating agencies on actuarial matters.
Ensure compliance with NAIC, GAAP, IFRS, and statutory reporting requirements.
Leadership & Team Management
Lead and mentor a team of actuaries, fostering professional development and innovation.
Drive a culture of excellence, collaboration, and continuous learning.
Represent the company at industry conferences, regulatory hearings, and actuarial associations.
What We Offer
Competitive executive compensation package: salary range from $205,000 – 255,000
Performance-based incentives
Comprehensive benefits including health, dental, vision, and retirement plans
Opportunities for professional development and industry leadership
A mission-driven culture focused on protecting healthcare professionals and improving patient safety
Additional Details
Seniority level:
Executive
Employment type:
Full-time
Job function:
Finance and Sales
Industries:
Insurance
Referrals increase your chances of interviewing at AMS Management Group by 2x
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr