A&H Lead Actuary

  • 36602
  • Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Jan 14, 2020
Insurance
RESPONSIBILITIES
  • Experience Analysis
  • Create and maintain profitability analyses and reviews
  • Analyze program experience and develop appropriate corrective actions
  • Create analyses for underwriters and senior management in support of new and existing programs
  • Assist in the due diligence of potential new programs
  • Assist underwriting in the preparation of experience rating and provide actuarial guidance on risk selection
  • Work with existing programs to gather appropriate data for analysis
  • Perform ad-hoc analyses as directed
  • Maintain and update existing experience analysis tools and models
  • Pricing and Reserving
  • Assist in developing rating plans for accident medical, ancillary, and other specialty insurance products
  • Develop rating support and memorandums for submission to state Department of Insurance
  • Manage and respond to filing objections
  • Familiarity with state regulations and requirements for rate filings
  • Analyze and review industry stop loss manuals
  • Develop underwriting guidelines - credibility tables, completion factors, and experience rating
  • Produce rating tools for underwriters
  • Assist in the preparation of monthly reserve reviews
  • Prepare recommendations for reserve changes
  • Financial Reporting
  • Maintain and improve financial monitoring tools and analyses
  • Communicate monthly financial reports to underwriters and senior staff
  • Assist in development of annual budget
  • Rectify reconciliation projects
  • Communication
  • Strong ability to communicate effectively and professionally with internal and external clients
  • Informs manager of status and problems within assigned area of responsibility
  • Refer matters beyond limits of authority and expertise to manage for direction
  • Performs duties in a timely and efficient manner
  • Ability to manage multiple projects simultaneously while meeting deadlines
  • Work closely with business unit leaders to support all actuarial aspects
QUALIFICATIONS
  • At least 5 years of actuarial experience in medical insurance with an emphasis on Employer Stop Loss preferred
  • Fellow or working towards Fellowship of the Society of Actuaries
  • Strong interpersonal and communication (oral and written) skills
  • Strong Excel, Access, and some programming skills (SQL, SAS, VBA)
  • Demonstrate sound technical competency (actuarial concepts/theory and PC skills)
  • Ability to work effectively and efficiently both independently and in a group
  • Will abide by departmental policies and procedures, including authority levels, to comply with the company’s risk management controls