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Executive Director

Req Number: AC474
Location: Washington, DC
Posted: 5/3/2021
Category: Government/Not-For-Profit : Education
Job Type: Permanent

ORGANIZATION BACKGROUND

The American Academy of Actuaries is the U.S. national professional association representing over 19,500 members, whose mission is to serve the public and the U.S. actuarial profession. The vision of the Academy is that financial security systems in the U.S. be sound and sustainable, and that actuaries be recognized as preeminent experts in risk and financial security. Academy members are diverse, including consultants, corporate executives and staff, regulators, government officials, academics, and retired actuaries. Their areas of practice cover pensions, life insurance, casualty insurance, health insurance, financial reporting, risk management, and more.

The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries credentialed by one or more of the five U.S.-based actuarial organizations. Many of today's most pressing public policy issues require the sound application of actuarial principles. The Academy provides actuarial expertise and advice to public policy decision makers on a wide array of issues that require the special set of skills and qualifications that actuaries offer.

To advance its mission, the Academy provides the following services:
  • Serves as the public voice for the U.S. actuarial profession and provides independent and objective actuarial information, analysis, and education for the formation of sound public policy;
  • Provides for the establishment, maintenance, and enforcement of high professional standards of actuarial qualification, practice, and conduct;
  • Advances actuarial practice by informing and educating its members on public policy and professionalism issues and current and emerging practices;
  • Identifies and addresses issues on behalf of the public interest on matters in which actuarial science provides a unique understanding;
  • Increases the public's understanding and recognition of the value of the actuarial profession;
  • Provides opportunities for professional development of its members through volunteerism and service to the profession;
  • Facilitates and coordinates response to issues of common interest among the U.S.-based actuarial associations; and
  • Coordinates the representation of the U.S. profession globally.
KEY RESPONSIBILITIES

The Executive Director will work collaboratively with the Board of Directors, staff, and key external stakeholders to build upon the organization’s rich legacy and address the evolving needs of the actuarial professional community. They will provide inspirational, strategic leadership, and effective management of this volunteer-driven, $14 million organization with 45 staff. The Executive Director will ensure that the Academy provides a robust and relevant value proposition and fosters a collaborative culture of member engagement, innovation, accountability, education, and service.

Specifically, the Executive Director is responsible for the following:
  • Developing and recommending programs and policies for the execution of the vision, mission, and strategic plan through the strategic directions of the core functions of the Academy including public policy, professionalism, and communication.
  • Implementing programs and policies approved by the Board of Directors and fulfilling all contracts and commitments assigned by the Board.
  • Leading the overall organization and staff of the Academy including all business activities, human resources matter, financials, and service to members and volunteers. Assuring security of all business matters and records.
  • Attracting, engaging, and empowering a results-oriented, collaborative staff to execute the mission of the Academy.
  • Effectively leveraging technology to support organizational effectiveness and communications. Assuring the successful implementation and operation of the membership information database and integration of the database with the other appropriate actuarial organizations.
  • Assisting the Academy’s Officers in the legal and fiscal matters of the organization.
  • In the cooperation within the Secretary-Treasurer and the Budget and Finance Committee, developing, recommending, and upon approval of the Board of Directors, meeting an annual budget and long-range financial goals. Implementing the investment policy under the direction of the Secretary-Treasurer.
  • With assistance of the President, Presidents Advisory Committee (PAC), appropriate committees, and staff, planning and staffing of the various meetings, seminars, and programs of the Academy. This includes general meetings, meetings of the Board of Directors, Executive Committee, Practice Councils, and various committees.
  • Providing an effective flow of information and support to volunteers as needed to accomplish the work of the Practice Councils, their associated committees, task forces, and subcommittees.
  • Maintaining the Academy’s relationships within the North American Actuarial Council (NAAC) and with the other Participating Organizations of the NAAC and providing administrative support to the NAAC.
  • The American Academy of Actuaries is the national actuarial association in the United States, setting qualification, practice, and professionalism standards for actuaries who practice here. It is part of our mission to represent the U.S. profession globally, and the Executive Director provides or identifies others who can serve as the unique voice of the U.S. actuarial profession in international forums.
  • American Academy of Actuaries’ | Executive Director Page 4 of 5
  • Serving as an active ambassador representing the interests of the Academy at member and non-member functions to continually enhance the Academy’s and the profession’s credibility and image.
  • Performing other duties assigned by the President, PAC, or the Board of Directors.
PROFESSIONAL EXPERIENCE AND QUALIFICATIONS

The ideal candidate is an executive-level leader with the professional experience and competencies to advance the Academy’s mission and implement the strategic plan. They will have held a leadership position with an organization of similar scale and complexity and possess strong executive gravitas, essential for garnering the credibility and trust of members, key stakeholders, and the broader actuarial community. They will have earned an outstanding reputation for integrity, trust, and transparency.

Specific experience and qualifications will include:
  • Track record for effectively partnering with a Board of Directors and professional staff to lead the development and effective execution of a strategic plan. Demonstrated ability to forge a trusting, collaborative, and transparent working relationship with a Board, with a stewardship leadership style.
  • Outstanding interpersonal and relationship building skills, key to forging and sustaining strong relationships with the Board, current and future members of the Academy, peer organizations serving the actuarial profession, and other key stakeholders, while dealing well with conflict and including an ability to accept and motivate others.
  • Experience attracting, motivating, and empowering a professional staff, and building and managing a high-performing team in a results-oriented and fast-paced environment. Encourages a culture of inclusion and cross-departmental partnership among the team.
  • An ability to anticipate emerging issues of importance to the organization and translate those issues into recommended actions that advance the Academy’s mission. A proactive leader who initiates innovative ideas and fosters an entrepreneurial culture where the entire staff contributes to the organization’s vibrancy and relevancy.
  • Proven organizational management, administration, and financial acumen, with an ability to optimize resources.
  • Proven passion for and commitment to organization’s mission.
  • Stellar presentation and communications skills and an active listener.
  • Critical strategic thinking skills to solve complex organizational challenges.
  • Knowledge about actuarial practice and its applications is desirable. Experience with nonprofit organizations also very desirable.
  • An understanding of the process through which public policy is established at the federal and state levels, and the ability to understand and contribute to the perception and role of the Academy as a non-partisan trusted advisor to stakeholders throughout that process
  • A willingness to travel to meetings and key events, as appropriate.
EDUCATION

Bachelor’s Degree required, with an Advanced Degree preferred.

COMPENSATION

A competitive compensation package will be made available to the qualified candidate.

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Korn/Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.

AC474

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