Use this sample and step by step explanation for setting meaningful and inspiring employee performance goals for a chief actuary.

A Chief Actuary is responsible for supervising the department that analyzes financial expenditures on a high government or corporate level with the aim of reducing losses. This position predicts the viability of various regional government investments using mathematical methods to evaluate all the possible outcomes of a financial system.

Their primary tasks include overseeing other actuaries while distributing and directing assignments, preparing reports and reviews of business functions like budgets, mergers and other standard records, designing and implementing policies and guidelines relating to actuary risk analysis, performing analytical and research duties of an organization, performing statistical demographic research and studying various financial options for an expenditure especially the insurance related expenditures.

Employee Performance Goals Sample

Employee's Name: Title:
Review Period: __/__/__ to __/__/__ Employee SSN:
Work Location: Supervisor's Name:

Instructions

  1. Setting Goals: List specific goals in the space provided below each competency under "Performance Goals". Assign an appropriate timeline for each goal as well as numeric or financial terms to measure the goal.
  2. Employee Comments: The employee must comment next to each goal under "Employee Comments" with "Okay" for goals which he/she feels comfortable working with, and "Needs Clarification" for goals which he/she believes need to be discussed further. An employee who is comfortable with all the goals can sign the goals at this stage.
  3. Summary: Give a summary of the total time estimated for the employee to have achieved the goals. State action plans and specific milestones to track the goals. Any additional comments agreed between the employee and the supervisor should be noted here.
  4. Human Resources Review: Human resources personnel must confirm that the goals are specific, measurable, achievable, relevant, and time-bound. He/she must then sign the goals in the "Human Resource" section provided under "Signatures".
  5. Signatures: When discussion of the goals has been completed and consensus has been reached, sign the goals and let the employee sign too. Send the final copy to the human resources for inclusion in the employee's professional records.

Performance Goals for Next Period

Performance Goals

Employee Comments

PROBLEM SOLVING:

Research well enough to gather factual information before setting out to solve a problem.

Try to ask the right questions that will act as a guide to coming up with proper solutions.

[employee comments goal]
KNOWLEDGE OF COMPANY PROCESSES:

Promote and encourage colleagues to keep up-to-date with the company's rules, decision-making bodies, networks, structures, power relationships and environment

Use knowledge of corporate politics to handle difficult situations effectively and with discretion

[employee comments goal]
MOTIVATING OTHERS:

Take time to communicate with someone individually when one clashes with them in order to understand the person and create a peaceful working environment

Cultivate a supportive environment by avoiding colleagues who make one feel discouraged and keeping close those who provide positive energy

[employee comments goal]
DECISION MAKING:

Use different frames and strive to come up with independent decisions for each frame

Get clear on the situation that calls for a decision and make sure that everyone involved is clear about its current form

[employee comments goal]
MANAGEMENT CONTROL:

Demonstrate a high bar for ethical behavior in the workplace that everyone should follow

Create a culture of dialogue among the employees and the supervisors

[employee comments goal]
MANAGEMENT SKILLS:

Understand what leadership and management means as well as their concept

Adopt supportive and assertive approaches to resolving conflicts within the team

[employee comments goal]
FLEXIBILITY:

Adhere to the rules provided for a smooth relationship with the management

Avoid falling back into old habits that have already been sighted

[employee comments goal]
SELF CONFIDENCE:

Try an affirmation such as "I live authentically" or "My opinion matters" in order to avoid backing down during a conversation

Take new challenges and acknowledge the fact that making mistakes is part of learning

[employee comments goal]
SEEING POTENTIAL PROBLEMS:

Do quality and proactive risk management throughout, and avoid immediate reaction to changes

Look for people who have been involved in problem-solving in the past in order to ask for advice on how to prevent future problems

[employee comments goal]
KNOWLEDGE MANAGEMENT:

Look for new sources of knowledge and maintain an organized list of sources relevant to a given task

Show willingness to adopt to new ideas that can improve own knowledge capabilities

[employee comments goal]

Summary

Sections 1-2: To be completed by the supervisor

Section 3: To be completed by the employee

1. Goals completed since last performance feedback

2. Goals for next period

3. Employee comments

Signatures

I acknowledge that I discussed this performance feedback with my supervisor. My signature does not mean that I agree or disagree with this appraisal.
Employee: Date:
Supervisor: Date:
Human Resources: Date:

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