About the team
The Risk Finance team operates with a focus on collaboration, innovation, and customer obsession. We are committed to supporting Walmart's goals of providing exceptional customer experiences, growing our business, and creating value for our stakeholders. As an Actuary, you will play a critical role in helping us achieve these goals by providing data-driven insights and recommendations to inform our risk management strategies.What you'll do...
Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning
Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness
Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy
Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events
Manages the alignment of risk management finance strategies with Walmart's global business strategies by staying up-to-date on local, state, federal, and foreign laws, regulations, and best practices regarding financial responsibility and risk control; reviewing initiatives and ventures across business areas to ensure compliance with local, state, federal, and foreign financial responsibility laws; collaborating with internal and external stakeholders to perform cost/benefit analyses and develop risk financing strategies; identifying and analyzing potential financial vulnerabilities and opportunities in business plans; utilizing data insights to develop risk mitigation strategies; and consulting on potential risk exposures and mitigation strategies and presenting them to stakeholders and senior leadership
Manages financial efficiencies by assessing hazardous risk exposures to allocate insurance policy budget for divisions using complex models and valuation methodologies; developing and maintaining insurance policy budget; managing profit and loss budgets, statutory audits and operating procedures for the Walmart captive insurance entity; and managing the annual Walmart insurance program budget allocation and operating procedures
Leads the planning, development, and execution of finance strategies by identifying and measuring insurable risks; managing the development of corporate processes to mitigate insurable losses; managing strategic relationships with internal and external stakeholders to manage potential exposure; reviewing and negotiating complex contracts with third-party insurance providers in multiple specialty areas; communicating recommendations to executive leadership; and overseeing the global integration and implementation of risk mitigation policies that help optimize operations
Manages and directs administration of compliance and reporting to various state and federal agencies for qualified self-insurance and monopolistic state fund financing by ensuring that required data are compiled for preparing and filing reports with various agencies; and ensuring that data are compiled and sent for new or renewal self-insured applications
Serves as a liaison between Walmart and various regulatory agencies charged with administering rules, regulations, and statutes by serving as the Walmart representative to various regulatory or governing agencies; and coordinating requirements with Walmart's excess broker/carrier.
Leadership Expectations
Respect for the Individual: Demonstrates and encourages respect for all; builds a high-performing, diverse team; seeks, and embraces differences in people, cultures, ideas and experiences; creates a workplace and equitable experiences where associates feel seen, supported and connected through culture of belonging so associates thrive and perform; drives a positive associate and customer/member experience for all; identifies, attracts, and retains the best, diverse team members.
Respect for the Individual: Creates a discipline and focus around developing talent, through feedback, coaching, mentoring, and developmental opportunities; promotes an environment allowing everyone to bring their best selves to work; empowers associates and partners to act in the best interest of the customer/member and company; and regularly recognizes others’ contributions and accomplishments.
Respect for the Individual: Builds strong and trusting relationships with team members and business partners; works collaboratively and cross-functionally to achieve objectives; and communicates and listens attentively, with energy and positivity to motivate, influence, and inspire commitment and action.
Acts with Integrity: Maintains and promotes the highest standards of integrity, ethics and compliance; models the Walmart values and leads by example to foster our culture; supports Walmart’s goal of becoming a regenerative company by making a positive impact for associates, customers, members, and the world around us.
Acts with Integrity: Follows the law, our code of conduct and company policies, and sets expectations for others to do the same; promotes an environment where associates feel comfortable sharing concerns and reinforces our culture of non-retaliation; listens to concerns raised by associates. takes action and encourages others to do the same; holds self and others accountable for achieving results in a way that is consistent with our values.
Acts with Integrity: Acts as an altruistic servant leader and is consistently humble, self-aware, honest, and transparent.
Service to the Customer/Member: Delivers expected business results while putting the customer/member first and consistently applying an omni-merchant mindset and acts with an Every Day Low Cost mindset to drive value and Every Day Low Prices for customers/members.
Service to the Customer/Member: Adopts a holistic perspective that considers data, analytics, customer/member insights, and different parts of the business when making plans and shaping the team’s strategy.
Strive for Excellence: Consistently raises the bar and seeks to improve; demonstrates curiosity and a growth mindset; seeks feedback, asks thoughtful questions, fosters an environment that supports learning, innovation, and learning from mistakes, and intelligent risk-taking; and exhibits resilience in the face of setbacks.
Strive for Excellence: Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working.
What you’ll bring:
Strong knowledge of actuarial principles and techniques, particularly in the area of casualty insurance
Proficiency in statistical analysis software and databases, such as SQL and Excel
Experience with risk modeling and financial analysis, including cost-benefit analysis and scenario planning
Excellent communication and collaboration skills, with the ability to distill complex concepts into actionable recommendations for non-technical stakeholders
Familiarity with regulatory requirements and industry standards related to risk management and insurance
At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.
You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable.
For information about PTO, see https://one.walmart.com/notices.
Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.
For information about benefits and eligibility, see One.Walmart.
The annual salary range for this position is $90,000.00-$180,000.00
Additional compensation includes annual or quarterly performance bonuses.
Additional compensation for certain positions may also include:
- Stock
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Bachelor's degree in Business, Finance, or related field and 3 years’ experience in risk management, finance, or related area OR 5 years’ experience in risk management, finance, or related area.Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Master's degree in Business, Finance, or related field., Supervisory experiencePrimary Location...508 Sw 8Th St, Bentonville, AR 72712, United States of America