With more than 8,350 members and 100 years of history, the Casualty Actuarial Society (“CAS”) is the premier international society for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks. CAS members are experts in property and casualty insurance, reinsurance, finance, risk management, and enterprise risk management.
The mission of CAS is focused on several key areas of critical interest:
Advance the body of knowledge of actuarial science applied to general insurance, including property, casualty and similar risk exposures.
Expand the application of actuarial science to enterprise risks and systemic risks.
Establish and maintain standards of qualification for membership.
Promote and maintain high standards of conduct and competence.
Increase the awareness of actuarial science.
Contribute to the well-being of society as a whole.
In order to accomplish this mission, CAS drives open and regular dialog with stakeholders affected by insurance, while also presenting thought leadership through papers, seminars and workshops, conducting research, and maintaining a comprehensive library collection.
In addition to the professional membership society, CAS operates two subsidiaries: The Casualty Actuarial Society Institute (iCAS) and the Casualty Actuarial Society Trust (CAST).
iCAS: Established in 2015, iCAS offers specialty credentials and related professional education for quantitative professionals. iCAS specialty credentials are separate from CAS actuarial credentials and are designed for professionals seeking specialized recognition in quantitative practice areas such as predictive analytics, data science and catastrophe model analytics. CAS has partnered with The Institutes, a leading global provider in education, to ensure that the iCAS credentialing process meets the highest standards of excellence in professional education.
CAST: Established in 1979 as a 501(c)3 non-profit organization, CAST affords members and others an income tax deduction for contributions of funds to be used for scientific, literary, or educational purposes. As funds permit, they will be made available for such uses as scholarships and research grants.
MEMBER BENEFITS AND AREAS OF PROGRAMMING:
Meetings: CAS hosts two general meetings - May and November. In addition, the 17 regional affiliates hold periodic meetings on topics of interest to CAS members.
Continuing Education: Each year, CAS sponsors approximately 15 seminars on a wide range of business, insurance, and actuarial subjects. Continuing education sessions held during the two general meetings provide other educational opportunities. Online courses, webcasts and webinars further supplement the CAS continuing education offerings.
Publications: CAS disseminates actuarial-related information through its many publications including:
Variance: Advancing the Science of Risk(Peer-reviewed journal to disseminate work of interest to casualty actuaries worldwide)
Actuarial Review(Bi-monthly newsletter)
E-Forum(Journal containing research from CAS-sponsored seminars and committees and information from other actuarial sources)
Foundations of Casualty Actuarial Science(the definitive reference for the property and casualty actuarial practice)
Syllabus of Examinations(reference material for examinations)
White papers on current issues
Research: Each year CAS sponsors prizes for the best papers on specific research areas such as ratemaking, reserving, dynamic financial analysis, and reinsurance. The CAS also awards prizes for related research by other organizations.
The Chief Executive Officer (“CEO”) will work collaboratively with the Board of Directors, staff and key external stakeholders (e.g. employers, universities) to build upon the organization’s rich legacy and address the evolving needs of the actuarial professional community. S/he will provide inspirational, strategic leadership, and effective management of this $13M organization and its staff. The CEO will ensure that CAS provides a robust and relevant value proposition and fosters a collaborative culture of member engagement, innovation, accountability, education, and service.
Specifically, the CEO is responsible for the following:
Strategic Direction. Implements the CAS strategic plan/budget and develops an annual operating plan in conjunction with the Board and staff to ensure CAS’s continued relevance and strong future. Provides leadership in setting and achieving the values, vision, and mission of the organization and monitors activities and progress to ensure consistency with financial and operational goals.
Board Relations. Builds and maintains strong, collaborative, and transparent relationships with the Board of Directors and Executive Council. Provides regular feedback and reports to the Board to keep them appraised of progress and success in meeting key targets of strategic and operational plans.
Staff Leadership. Leads professional team of over 40 staff who demonstrate a commitment to excellent member service and delivery of cutting-edge educational programs and events. Attracts, cultivates, and retains a strong, inspired staff while developing future leaders for CAS. Builds a culture of customer service, performance and accountability.
External Relationships. Enhances CAS’s visibility by representing the organization with members and leaders in the insurance and actuarial community. Develops strong working relationships with a wide-range of constituencies, in the public and private sectors, to build and support partnerships and coalitions consistent with CAS’s overall mission. Positions CAS as a thought leader before relevant audiences and the media.
Competency and Learning. Curates and implements best in class resources and assessment tools to ensure a comprehensive learning environment for professionals at all levels of their careers. Sustains and grows the more than 7,000 annual actuarial examinations that are created and executed each year by CAS.
Examinations and Credentialing. Delivers superior learning opportunities in preparation for exams by strengthening credentialing programs, managing the certification process, and maintain on-going training and development for adherence to industry standards.
Membership Development. Provides leadership to ensure a clear understanding of what members value and effectively delivers relevant offerings, tools, and services to meet their evolving needs. Develops cutting edge programs and certifications to help members to transform and grow in their profession. Emphasis will be placed on engaging next generation professionals.
Revenue Generation. Builds upon current revenue sources and identifies new value-added services/products and sources of revenue. Ensures a robust sponsorship program to support the mission of CAS, while developing innovative programming and certification to drive value for members.
Financial and Operational Oversight. Develops and ensures a fiscally responsible annual budget that is aligned to the strategic goals of the organization, with strong reserves to invest in important innovations. Oversees the implementation of critical technology tools designed to optimize the member experience and engagement with CAS.
iCAS and CAST. Ensure both organizations have a clear vision, action plan and metrics, with the appropriate level of resources to realize their objectives. Partner with the iCAS Board to ensure robust industry credential offerings, continuing education opportunities, and other benefits and policies to ensure member value and sustained relevance.
PROFESSIONAL EXPERIENCE AND QUALIFICATIONS
CAS is seeking candidates of high ethical integrity with the relevant experience, background and leadership competencies to advance the organization’s mission and implement its long-range strategic plan. S/he must be a visionary leader, capable of building a strong legacy for the future of CAS and have a minimum of 10 years of relevant senior executive level experience. Strong preference for individuals who have experience with an organization that administers education and credentialing. S/he must possess strong executive gravitas, essential for garnering the credibility and trust of members, key stakeholders, and the broader actuarial community. S/He must embrace the values of the organization, including encouraging an inclusive community.
Specific experience and qualifications will include:
A strong commitment and passion for advancing the mission and vision of CAS.
Track record for effectively leading the development and execution of a strategic plan in conjunction with the Board of Directors, Executive Council, and staff. Ability to maintain a transparent relationship with the Board with a servant leadership style.
Strong organizational leadership experience including planning, program development and task facilitation.
Outstanding communications skills; an active listener who demonstrates humility and builds a culture of inclusion among the team. Agility to balance competing priorities and manage ambiguity. Outstanding interpersonal and relationship building skills, key to forging and sustaining relationships with members and other key stakeholders.
Stellar presentation and communications skills, serving as a liaison to draw awareness to the organization’s values, vision and mission.
A proactive leader who initiates innovative ideas and fosters an entrepreneurial culture where the entire staff contributes to the organization’s vibrancy.
Proven management, business, technology, and financial acumen within an organization of similar or larger scale and complexity.
Experience attracting, developing, motivating, and retaining strong talent, and building and managing a high-performing team in a results-oriented and fast-paced environment.
A global perspective, key to future global expansion of the organization.
Master’s degree is strongly preferred; Bachelor’s degree required. CAE credentials a plus.
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