Manager, Actuarial

  • 36637
  • Health - Actuarial
  • |
  • Florida, United States
  • |
  • Jan 17, 2020
Insurance Organization
  • This position is responsible for developing and implementing premium pricing methodologies for all company products and business lines.
  • This position oversees all of the financial, actuarial and competitor analysis activities necessary for the development of pricing strategies and tactical business decisions related to product pricing.
  • A Bachelor’s Degree in Mathematics, Economics, Actuarial Science, or related field from a four-year college or university is required.
  • A Certification as an Associate of the Society of Actuaries is required.
  • Active pursuit of Fellowship with the Society of Actuaries is required.
  • Minimum of five years of experience in data, statistical, actuarial, financial analysis and/or underwriting in the health insurance setting, and one year experience managing a team of actuaries.
  • Ability to conduct analysis of premium rates and assist in the development of product pricing and premium rate filings to the Florida Office of Insurance Regulation (OIR) for all product lines. Work with key Company personnel to obtain cross-functional input to implement company product pricing strategy and tactics, consistent with Underwriting, Marketing and overall Company goals and objectives.
  • Capacity to oversee and participate in the pricing of existing and new products, benefits, and group-specific benefit designs.
  • Talent to provide routine reports and/or experience studies for the purposes of monitoring adequacy of pricing factors and assumptions.
  • Proficiency to analyze product and segment performance, incorporating both historical observation and insight into prospective trends. Develop business plans containing forecasts of future financial performance.
  • Ability to manage and perform monthly analysis identifying opportunities to reduce medical cost and utilization and provide recommendations to senior management. Research, evaluate and analyze medical care cost trends by region, market segment, product line and plan/metallic tier and conduct variance analysis with respect to utilization and unit costs.