Actuary

  • 35076
  • Health - Actuarial
  • |
  • Nebraska, United States
  • |
  • Apr 24, 2019
Insurance
RESPONSIBILITIES
  • Directs and manages the development of new product rates and re-rating activity, the determination of the impact on premiums and/or profits of various product proposals, and both long and short term experience studies to be completed in a timely manner and providing useful results.
  • Develops rate assumptions and manages the development of rate scales and detailed rates.
  • Participates in the initial viability assessment for new product ideas and modifications, including preliminary pricing. Reviews product specifications and estimate cost and schedule. Consults competitive research to balance pricing/competitive issues.
  • Manages the development of financial projections and develops detailed financial projections for new and existing products.
  • Directs financial impact assessment activities related to compliance changes and other environmental factors impacting the product or product grouping.
  • Prepares actuarial memoranda for filing with state insurance departments.
  • Plans and executes projects designed to meet specified product development, pricing, projection, and financial or risk management objectives.
  • Provides recommendations to management based on analysis of financial and non-financial data regarding trends and indicators of the product or product grouping.
  • Analyzes experience and provides reserve recommendations for claim reserves where needed.
  • Identifies and assesses risk in actuarial responsibilities. Complies with actuarial standards of practice, precepts and enterprise risk management responsibilities. Supports enterprise wide risk management initiatives.
  • Develops improvements to actuarial models, methods, procedures, and systems and keeps abreast of legislative and other changes to determine their effect on assumptions and formulas.
  • May have direct reports and engage in human resource management functions such as coaching, performing appraisals, and handling other HR administrative tasks. May review the work of actuarial students in the execution of specific projects or tasks.
  • May have an opportunity to participate in recruiting college candidates for professional Actuarial positions and serve on Company committees in an actuarial adviser capacity.
QUALIFICATIONS
  • Thorough actuarial background, as well as thorough background in Actuarial Science, Math, Statistics, Economics and/or Computer Science.
  • Seasoned knowledge of advanced actuarial assumptions and formulae and in-depth knowledge and understanding of actuarial and statistical sciences, economics, or computer sciences.
  • Aptitude for statistical interpretation, a strong knowledge of advanced actuarial assumptions and formulae and accounting practices.
  • Attainment of ASA or FSA designation.
  • Thorough financial background.
  • Extensive experience in the development and presentation of financial reports.
  • Excellent human relations and oral and written communication skills, analytical and decision-making abilities, and sound judgment.
  • Product and industry knowledge.
  • Preferred:
  • Group experience in dental and/or vision.
  • Previous management experience.