Aetna Executive Director; Segment Actuarial (Cred) in Chicago, Illinois

Req ID: 42489BR


The Executive Director will be the Head Actuary for the Senior Supplemental Insurance (SSI) business. The SSI business is primarily Medicare Supplement, but also includes Supplemental Health products (Cancer, Hospital Indemnity, Recovery Care, and Home Care), and a Final Expense Whole Life product. Responsible for pricing new products, the re-rating process for Medicare Supplement, experience monitoring and analysis, planning and forecasting, month-end reporting, state reporting, and certain financial reporting activities. Manage actuarial staff of eight people. Partner with the Sales team on Broker, Reinsurance, Affinity, and Exchange initiatives. Provide support to Operations, IT, Compliance, and Legal departments. Some travel is required in order to be successful in this position.

Fundamental Components:

Sponsors, develops, and leads projects to support strategic and operating plans.

Broad decision making authority that may cross multiple disciplines, functions, or segments.

Reviews reserve recommendations and sets adequate reserve levels.

Develops assumptions, reviews competitive intelligence, monitors industry trends in pricing and benefit design of new products.

Works with state insurance departments in securing re-rates for Medicare Supplement products.

Provide support and assistance to sales and business teams to grow and retain the business.

Reviews recommendations and sets forecast in collaboration with Finance and business partners.

Develops creative technical solutions to a variety of issues. Stay apprised of technical innovations as potential solutions for actuarial issues and concerns and to help with experience monitoring and analysis.

Assures compliance with applicable regulations, laws, and standards.

Requires excellent verbal and written communication skills.


Experience in Medicare Supplement highly preferred though other candidates will be considered based on overall experience.

10+ years of experience in the health care industry.

Must be an ASA or FSA and a Member of the American Academy of Actuaries (MAAA), able to sign state rate filings and other required actuarial certifications.

Proven track record in managing individuals to drive results along w/strong communication skills.

Flexibility to travel (approx. 20%)


The highest level of education desired for candidates in this position is a Bachelor's degree or equivalent experience.


Actuarial/Fellow of the Society of Actuaries is desired

Actuarial/Associate of the Society of Actuaries is required

Actuarial/Member of the American Academy of Actuaries is required


Functional - Actuarial/Management: < 25 employees/4-6 Years

Functional - Actuarial/Valuation/Reserving/4-6 Years

Functional - Actuarial/Financial actuarial analysis/4-6 Years

Functional - Actuarial/Product development/4-6 Years


Aetna is about more than just doing a job. This is our opportunity to re-shape healthcare for America and across the globe. We are developing solutions to improve the quality and affordability of healthcare. What we do will benefit generations to come.

We care about each other, our customers and our communities. We are inspired to make a difference, and we are committed to integrity and excellence.

Together we will empower people to live healthier lives.

Aetna is an equal opportunity & affirmative action employer. All qualified applicants will receive consideration for employment regardless of personal characteristics or status. We take affirmative action to recruit, select and develop women, people of color, veterans and individuals with disabilities.

We are a company built on excellence. We have a culture that values growth, achievement and diversity and a workplace where your voice can be heard.

Benefit eligibility may vary by position. Click here to review the benefits associated with this position.

Aetna takes our candidate's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.

Job Function: Actuarial