Actuary

  • 37348
  • Health - Actuarial
  • |
  • Florida, United States
  • |
  • May 8, 2020
Reinsurance
RESPONSIBILITIES
  • Provides underwriting expertise and support on all office products including group life, accident, and ancillary products in order to increase block of business and profits.
  • Underwrites and prices new business and renewal Medical Stop Loss opportunities to ensure quote accuracy.
  • Produces write-ups with summary, pricing and projections for each quote.
  • Communicates proactively with brokers and clients to gain clarity on program.
  • Executes indications and quotes after receiving approval from VP and AVP Actuaries on pricing of opportunity.
  • Monitors financial results for the Health Solutions by treaty to measure profitability and determine renewal action.
  • Reviews facultative cases to assess client compliance with underwriting guidelines in order to ensure profitable underwriting.
  • Conducts underwriting audits on Medical Stop Loss programs to assess controls and areas for improvement.
  • Collaborates with team to implement process changes/efficiencies.
  • Adheres to Global and Specific Underwriting Guidelines to confirm compliance.
  • Obtains necessary internal approvals on quotes to ensure accuracy and compliance.
  • Maintains electronic filings in Marketing Library to support documentation.
  • Relays information on recently accepted Health Solutions quotes to the accounting, administrative, and corporate actuarial areas to maintain open lines of communications.
  • Produces ad-hoc reports as requested by team.
  • Develops tools to assist in analysis of business.
  • Participates in development of underwriting and pricing assumptions allowing the company to compete on a profitable basis in a highly competitive market.
QUALIFICATIONS
  • Bachelor’s Degree in Actuarial Science or related field.
  • FSA Designation.
  • 3 - 5 years’ minimum experience in accident & health including stop loss products required with emphasis on medical products.
  • High level of technical aptitude in Medical Stop Loss underwriting.
  • Experience working with complicated spreadsheet applications.
  • Intermediate skill level in Microsoft PC software: Excel, Word, Outlook.
  • Strong organizational and time management skills; ability to manage multiple and changing priorities.
  • Excellent verbal, written and interpersonal communication and presentation skills.
  • Self-motivated.
  • Ability to work independently as well as with a team.
  • Desired:
  • Actuarial background in medical stop loss.
  • Ability to read, analyse, manipulate, and interpret complex, technical documents and data.
  • Ability to analyse large amounts of information in an organized manner, identify issues or inconsistencies, fill in any information gaps and draw accurate sound conclusions.
  • Business-oriented; provides well-rounded perspective and insights.
  • Ability to work productively on an independent basis, but also within specific parameters and guidelines.
  • Ancillary product experience.