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Director, Managing Life Actuary

Date: Aug 3, 2022

Location: Erie, PA, US, 16530

Company: Erie Insurance

Division or Field Office:

Life Division

Department of Position: Life Actrl, Clms & Cmplnc Dept 

Work from:

Corporate Office in Erie, PA


At Erie Insurance, you’re not just part of a Fortune 500 company; you’re also a valued member of a diverse and inclusive team that includes more than 5,000 employees and over 2,200 independent agencies.  Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.  To attract and retain the best talent, we reward our team members with competitive salaries and a very generous benefits package.


Position Summary

Manages and directs the overall activities related to one of three areas within the life actuarial department: life products, projections, or valuation. Provides backup support and serves as a surge resource for other areas within the life actuarial department.


Additional Summary:

  • This role will manage the Projections Team in the Life Actuarial Department.
  • The primary responsibilities of this role will be based on Projections focused initiatives
  • This role will perform the duties required of ERIE Family Life’s "Illustration Actuary," appointed by the Board of Directors, as required by state laws and regulations.
  • Experience with standard actuarial modeling software (Prophet preferred). 
  • Experience with Principle Based Reserving preferred. 

Duties and Responsibilities

Manages overall operations of designated area of authority. Interviews, hires, trains and directs personnel. Prepares and conducts performance assessments, coordinates discipline and oversees Employee development as required.


Maintains, or oversees the maintenance of the computer models used to build life financial forecasts for EFL. Utilizes these models for a variety of purposes, including, but not limited to, EFL cash flow testing, corporate financial planning, principles based analysis of reserve and capital requirements, illustration certification testing, and pricing.


Ensures that appropriate enterprise risk management practices are in place for EFL according to corporate guidelines.


Coordinates with other managing life actuaries and the Chief Life Actuary to allocate additional resources to specific projects, when appropriate. Provides feedback to other managing life actuaries and the Chief Life Actuary regarding the performance of such allocated resources including the annual Asset Adequacy Analysis.


Contributes to EFL's leadership team in developing and evaluating operational and life product initiatives. Identifies and evaluates opportunities for improvements in productivity and efficiency in the Division. Acts as a change agent in facilitating strategic goals and initiatives as defined by senior and executive management. Works with and makes proposals to senior and executive management.


Remains current on life actuarial and industry regulations, guidelines, principles, techniques, procedures, systems, and trends. Participates in Society of Actuaries and other professional development activities, as appropriate.


Maintains and applies an in-depth knowledge of Erie Family Life's ("EFL") products, their uses in the marketplace, actuarial aspects of their development, financial statement implications, and applicable reinsurance agreements.


Provides general actuarial support for EFL including, but not limited to, product training, project support, and incident research and resolution.


Provides backup support and serves as a surge resource for all areas within the life actuarial department.

Duties and Responsibilities (cont'd if applicable)

Performs the duties required of EFL's "Illustration Actuary," appointed by the Board of Directors, as required by state laws and regulations.

Works with the investment division to develop and enforce proper asset / liability management practices, including, but not limited to, the management of spreads, duration, convexity, liquidity, credit quality, and investment/divestment strategies.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.


Cultivates Innovation (Leader)
Collaborates (Leader)
Customer Focus (Leader)
Decision Quality (Leader)
Develops Talent (Leader)
Drives vision and purpose (Leader)
Ensures Accountability (Leader)
Instills Trust (Leader)
Nimble Learning (Leader)
Persuades (Leader)
Plans and Aligns (Leader)
Values Diversity (Leader)
Self-development (Leader)
Optimizes Work Processes (Leader)


Bachelor's degree in mathematics, actuarial science, statistics, finance, economics, or accounting required. Seven years of experience in the actuarial field required. Attainment of the Fellow of the Society of Actuaries (FSA) designation required. Current Membership in the American Academy of Actuaries (MAAA) required.

Physical Requirements

Lifting 0-20 lbs; Occasional (<20%)
Lifting 20-50 lbs; Occasional (<20%)
Lifting Over 50 lbs; Occasional (<20%)
Driving; Rarely
Pushing/Pulling; Occasional (<20%)
Manual Keying/Data Entry; Often (20-50%)
Climbing; Rarely

Nearest Major Market: Erie