Title: Actuary Manager

State Role Title: Financial Services Manager II

Hiring Range: $130,000 - $145,000

Pay Band: 6

Agency: Virginia Employment Commission

Location: VEC CENTRAL OFFICE

Agency Website: www.vec.virginia.gov

Recruitment Type: General Public - G

Job Duties

The Actuary Manager acts as the VEC’s senior authority on trust fund financing and solvency while leading the actuarial unit that produces official trust‑fund forecasts, employer tax rate methodologies, and policy impact analyses. This is an exciting opportunity to build out a high‑performing team and a modern actuarial program—establishing model governance, elevating documentation standards, and turning complex economic signals into clear, actionable guidance for the VEC and policymakers.

Why you’ll love this role:  Bring your actuarial leadership experience to the VEC and help shape the future of our trust fund program! As our Actuary Manager, you’ll own solvency strategy, lead rate‑setting, and advise on legislative and policy changes—while building and mentoring a talented team that operates with best‑in‑class modeling, documentation, and transparency. Your work will drive decisions that matter for workers and employers across Virginia!

What you’ll do:  In this newly created role, you'll develop and lead a unit that develops solvency models, calibrates employer tax rate methodologies, and delivers decision‑ready briefings to executives and oversight bodies. You’ll also set analytical priorities, enforce ASOP‑aligned governance, and partner with finance, budget, and policy staff to keep the fund resilient through economic cycles. This is your chance to stand up a program, begin a legacy of rigorous actuarial practice, and make a statewide impact by helping us to "lift up Virginia, one unemployed worker at a time"!

Minimum Qualifications

• Experience supervising professional staff, setting priorities, resource allocation, and unit‑level quality assurance.
• Ability to lead an actuarial unit; set analytical priorities; ensure timely, accurate deliverables.
• Advanced knowledge of actuarial science principles including forecasting, reserving, experience rating, and financial modeling.
• Knowledge of Unemployment Insurance program structure, financing mechanisms, and statutory requirements.
• Knowledge of macroeconomic indicators, labor market dynamics, and how economic trends affect insurance or government benefit programs.
• Experience with Actuarial Standards of Practice (ASOPs), professional documentation standards, and actuarial ethics frameworks.
• Demonstrated experience in actuarial modeling, forecasting, risk analysis, and regulatory practices
• Exceptional quantitative modeling and statistical analysis skills, including ability to develop deterministic and stochastic models.
• High‑quality technical writing for complex actuarial reports, assumptions memos, and fiscal impact analyses.
• Proficiency with actuarial software and statistical tools
• Ability to independently manage large datasets, perform validation, and ensure analytical accuracy and reproducibility.
• Ability to perform long‑range forecasting and assess financial risks under alternative economic conditions.
• Ability to synthesize analytical findings into high‑impact communication materials for decision-makers, and to effectively prepare and present information to agency leadership. Strong data visualization and communication skills to simplify complex results for non-technical audiences.
• Ability to interpret and apply legal and policy frameworks to actuarial modeling and forecasting.
• Ability to manage multiple deadlines, especially during fiscal planning or legislative cycles.
• Ability to maintain objectivity and professional independence in providing actuarial advice.
• Strong verbal and written communication skills.
• Excellent analytical and problem-solving skills.
• Proficiency in Microsoft Office applications (Word, Excel, Outlook, etc.).
• Ability to establish and maintain effective working relationships with VEC staff, industry personnel, and the general public.

Additional Considerations

• Advanced Excel and programming/statistical language proficiency
• Knowledge of state/federal UI financing laws
• Technical writing for executive/legislative audiences
• Extensive knowledge of actuarial and risk management principles.
• Education, training, and/or experience related to actuarial science, statistics, mathematics, physics, economics, or a related field.
• Member of American Academy of Actuaries (MAAA) and/or Fellow of Society of Actuaries (FSA)
• Associate or Fellow designation from a recognized actuarial society (e.g., ASA, FSA, ACAS, FCAS)

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

This position requires submission of a State and Local Statement of Economic Interests (SOEI):
• Initial filing is required upon hire (before starting work), and annual filings are required by February 1 for the prior calendar year.
• Filings are made electronically with the Virginia Conflict of Interest and Ethics Advisory Council—paper submissions are not accepted.
• Timely compliance is mandatory; failure to file may result in administrative penalties to the agency.

The Virginia Employment Commission is committed to upholding our values in our employment opportunities across the Commonwealth to people from all backgrounds, including all races, ethnicities, genders, and abilities.  

The VEC Is an Equal Opportunity Employer/Program, and a Virginia Values Veterans (V3) certified employer. AmeriCorps, Peace Corps, and other national service alumni are encouraged to apply.

The selected candidate must successfully pass a comprehensive background check including an FBI fingerprint background investigation.

Applications for this position must be submitted electronically through this website. Mailed, emailed, faxed, or hand delivered applications and résumés will not be accepted.

Applications are not accepted after the recruitment closing date.

Please carefully review the details of this recruitment including the location of the position and the posted salary before applying. VEC does not provide relocation assistance, and no salary will be offered outside of the posted salary range / flat rate.

Consideration for an interview is based solely on the information within the application (and/or resume). You must ensure your application/resume includes the scope of your experience, knowledge, skills, and abilities as it relates to the position you are applying for. Information not stated will not be assumed.

This website will provide a confirmation of receipt when the application is submitted for consideration.

For the status of your application and this position, please refer to your PageUp / Jobs.Virginia.Gov account. We do not provide application status updates via email or telephone.

Auxiliary Aids and Services are available upon request to individuals with disabilities.

Applicants needing accommodations should contact the Human Resource office for additional information.

The VEC does not provide sponsorship; therefore, applicants must be a citizen or national of the U.S., a Lawful Permanent Resident, or an alien authorized to work in the US.

NOTICE: VEC will record information from each new employee’s Form I-9 (Employment Eligibility Verification) into the Federal E-Verify system to confirm identity and work authorization.

Contact Information

Name: VEC Human Resources / Recruitment

Phone: For the most up-to-date status of your application, please refer to your Jobs.Virginia.Gov account. We do not provide application status updates via phone.

Email: Careers@vec.virginia.gov for recruitment related questions. Emailed applications, resumes, or cover letters will not be accepted. For the most up-to-date status of your application, please refer to your Jobs.Virginia.Gov account.

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.