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Professor and Director- Actuarial Science & Risk Management
Company: University of Illinois
Location: Urbana, IL
Employment Type: Full Time
Date Posted: 09/19/2025
Job Categories: Education, Insurance, Collegiate Faculty, Staff, Administration, Executive Management
Job Description
Professor and Director- Actuarial Science & Risk Management
<span style="font-family: Arial"></span><p align="center" style="text-align: center"><b><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Professor and Director</span></b></p><p align="center" style="text-align: center"><b><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Actuarial Science and Risk Management Program</span></b></p><p align="center" style="text-align: center"><b><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">College of Liberal Arts &amp; Sciences</span></b></p><p align="center" style="text-align: center"><b><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">University of Illinois at Urbana-Champaign</span></b></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">The College of Liberal Arts &amp; Sciences at the University of Illinois at Urbana-Champaign is opening a search for the new Director of the Actuarial Science and Risk Management (ASRM) Program. The position will be a full-time, tenured faculty position at the rank of Professor and offers a unique opportunity for a distinguished scholar and academic leader to shape the future of one of the nation’s top programs in actuarial science and risk management.<span>&nbsp; </span>Outstanding candidates may be considered for an endowed position.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Illinois has long been recognized as a national leader in actuarial science education. The ASRM program benefits from strong industry partnerships, outstanding student outcomes, continued institutional investment, and an engaged alumni and professional network. This leadership transition comes at a pivotal moment: ASRM has grown into a dynamic and interdisciplinary unit serving over 300 students across undergraduate, master’s, and doctoral programs, and is currently undergoing the approval process to become an independent academic unit within the College of Liberal Arts &amp; Sciences.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">The College of Liberal Arts &amp; Sciences affirms its role as a leading liberal arts and sciences college and engine of social mobility that serves the population in the State of Illinois and welcomes students and scholars from around the world. We value applicants who have a demonstrated commitment to working with individuals from a wide range of backgrounds and identities through their research, teaching or service.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">The Director will provide visionary leadership to further elevate ASRM’s national and international profile and advance its mission in research, teaching, and service. Key responsibilities include:</span></p><ul type="disc" style="margin-top: 0"><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Overseeing faculty recruitment and development</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Promoting academic excellence and curricular innovation</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Managing financial planning and budgetary priorities</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Fostering interdisciplinary collaborations across campus and with industry partners</span></li></ul><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Successful candidates are expected to teach effectively at both the undergraduate and graduate levels, establish and maintain an active and independent research program, and provide service to the department, the university and the profession.&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Required qualifications: Ph.D. in actuarial science, statistics, risk management and insurance, finance, data science, or a closely related field, and must qualify for a tenured appointment at the rank of Full Professor. Candidates should demonstrate:</span></p><ul type="disc" style="margin-top: 0"><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">A record of nationally and internationally recognized scholarship</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Proven experience in academic leadership and service</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Demonstrated teaching competence, </span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Strong interpersonal and communication skills</span></li><li><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">A compelling vision for advancing the unit’s educational and research missions</span></li></ul><span style="font-family: Arial"></span><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">This is a nine-month faculty appointment (paid over 12 months) that includes an administrative stipend, and a partial teaching release.<span>&nbsp; </span>The budgeted salary range for the position is $135,000 to $240,000. <span>&nbsp;</span>The anticipated start date is August 16, 2026.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">We have an active and successful dual-career partner placement program and a strong commitment to work-life balance and family-friendly programs for faculty and staff (<a href="http://provost.illinois.edu/faculty-affairs/work-life-balance/" target="_blank">http://provost.illinois.edu/faculty-affairs/work-life-balance/</a>).&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">To find out more about the resources available at the university and Urbana-Champaign community, please visit these sites:&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%"><a href="https://provost.illinois.edu/faculty-affairs/faculty-recruitment/dual-career-program/" target="_blank">Dual Career Program</a> &nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%"><a href="https://www.hr.uillinois.edu/benefits/" target="_blank">Benefits</a> &nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%"><a href="https://experiencecu.org/" target="_blank">Living in Champaign-Urbana</a>&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Please create your candidate profile through <a href="https://go.illinois.edu/ASRMProfessor">https://go.illinois.edu/ASRMProfessor</a> and submit application materials: a letter of interest, teaching statement, research statement, and a current curriculum vitae. The letter of interest should address the candidate’s vision and priorities for the unit and how their experience is relevant to the position.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Applications and nominations for this position are invited, with priority consideration given to applications submitted by <b>February 27, 2026 (extended deadline)</b>.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Applicants may be interviewed before the closing date, however, no hiring decision will be made until after that date.&nbsp; </span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">Inquiries and nominations may be directed to Professor Renming Song, Search Committee Chair, at <a>lascollegehiring@illinois.edu</a>.</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">&nbsp;</span></p><p><span style="font-size: 11pt; font-family: Arial, sans-serif; line-height: 115%">The University of Illinois must also comply with applicable federal export control laws and regulations and, as such, reserves the right to employ restricted party screening procedures for applicants.&nbsp;</span></p><span style="font-family: Arial"><hr><p align="center">The University of Illinois System is an equal opportunity employer, including but not limited to disability and/or veteran status, and complies with all applicable state and federal employment mandates. Please visit <a href="https://go.uillinois.edu/noticesandposters" target="_blank">Required Employment Notices and Posters</a> to view our non-discrimination statement and find additional information about required background checks, sexual harassment/misconduct disclosures, and employment eligibility review through <a href="https://www.e-verify.gov/sites/default/files/everify/posters/EVerifyParticipationPoster.pdf" target="_blank">E-Verify</a>.</p><p align="center">Applicants with disabilities are encouraged to apply and may request a reasonable accommodation under the Americans with Disabilities Act (2008) to complete the application and/or interview process. Accommodations may also be requested on the basis of pregnancy, childbirth, and related conditions, or religion. Requests may be submitted through the reasonable accommodations <a href="https://illinois-accommodate.symplicity.com/public_accommodation/" target="_blank">portal</a>, or by contacting the Accessibility &amp; Accommodations Division of the Office for Access and Equity at 217-333-0885, or by emailing <a>accessibility@illinois.edu</a>.</p><hr><p><strong>Requisition ID</strong>: 1031838<br><strong>Job Category</strong>: Faculty<br><strong>Apply at:</strong> <a href="https://jobs.illinois.edu">https://jobs.illinois.edu</a></p><a name="HEJobs" type="hidden" value="Yes"></a><a name="Billing_Name" type="hidden" value="Amy Elli"></a><a name="Billing_Email" type="hidden" value="amyelli@illinois.edu"></a></span>
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