Actuarial Associate

  • 36102
  • Health - Actuarial
  • |
  • Florida, United States
  • |
  • Oct 23, 2019
Reinsurance
RESPONSIBILITIES
  • Develops, maintains, and runs pricing models and templates for use in profit testing and determination of economic capital and embedded value.
  • Provides analysis and evaluation of pricing model results and presents results in an appropriate manner to facilitate senior actuary review.
  • Underwrites and evaluates pricing risks for Accountable Care Organizations, Medicare Advantage, and Medicare Supplement business to assist senior actuaries in acquiring profitable new business.
  • Acquires, aggregates, and develops data for use in experience studies, profitability analysis, financial reporting, and risk management. Develops and maintains suitable reports of the data for use by senior actuaries.
  • Business management and collaboration.
  • Assists senior actuaries in marketing reinsurance solutions to prospective clients to acquire new health reinsurance business.
  • Produces required documentation for final pricing package for new business opportunities to facilitate senior management review and approvals.
  • Coordinates model handoff with Health Solutions Valuation team to ensure timely and adequate financial reporting and forecasting.
  • Proactively seeks ways to improve processes and create efficiencies.
  • Works to build strong relationships with others in the department.
  • Participates and maintains good standing in the Actuarial Development Program.
  • Assists with ad-hoc projects in the department or company.
QUALIFICATIONS
  • Bachelor’s degree in Actuarial Science, Statistics, Mathematics or similar.
  • Must be actively seeking ASA, then FSA credential from the Society of Actuaries.
  • Minimum of 4 years of experience in an actuarial role.
  • Computer software: Intermediate proficiency in Microsoft Excel, Microsoft Access, Microsoft Word.
  • Programming knowledge: R, VBA, SQL.
  • Actuarial modelling experience: Risk Agility, MoSes.
  • Insurance product knowledge: Health insurance products.
  • Business knowledge: Reinsurance basics, Stat/GAAP, Solvency II, IFRS17.