Product Development Actuary - Health - 9373
This senior level role is primarily responsible for researching and determining the likelihood of financial risk to the organization, leading the completion of actuarial documentation, developing and designing product line evaluations and new or advanced actuarial models, and assessing, analyzing, and interpreting financial risk and opportunity for presentation to senior stakeholders.
Drives the execution of multiple work streams by identifying customer and operational needs; developing and updating new procedures and policies; gaining cross-functional support for objectives and priorities; translating business strategy into actionable business requirements; obtaining and distributing resources; setting standards and measuring progress; removing obstacles that impact performance; guiding performance and developing contingency plans accordingly; solving highly complex issues; and influencing the completion of project tasks by others.
Leads actuarial documentation and reporting by coordinating the completion of the actuarial portion of financial reports and tax returns, and responses to insurance regulations; and presenting results internally and externally to senior leadership.
Leads product line evaluations by coordinating analysis of product line financials, pricing, reserve, valuation , cash flow analysis, and product investment strategy; and making recommendations based on product line performance, risk, and assumptions used in product development.
Furthers actuarial research by identifying the needs and implementing complex methods to advance the actuarial techniques, standards, assumptions, and the legal and regulatory environment.
Monitors financial risks and opportunities by developing advanced and non-traditional actuarial methods; and leveraging industry knowledge to conduct and determine actuarial analyses.
Influences senior business partners by translating complex actuarial constructs into actionable recommendations; and initiating actuarial and financial advice in compliance with the Actuarial Standards of Practice.
Identifies needs and provides guidance on how to build framework and assumptions for new, existing, and non-traditional actuarial models to meet business needs.
Bachelors degree in mathematics or related field AND Minimum ten (10) years actuarial experience.
Associate of the Society of Actuaries at a minimum
Four (4) years experience in a leadership role with or without direct reports.
Six (6) years experience with databases and spreadsheets.
Bachelors degree in statistics, actuarial science, mathematics , engineering, or physics.
Knowledge of innovative health insurance products and broad market trend in commercial group, individual and Medicare markets.
Ability to support and influence key business decisions using a robust data-driven approach.
Health Plan product development experience including ideation, design, pricing, implementation, regulatory filing and experience monitoring.
Demonstrated ability to communicate and work collaboratively with actuarial teams and non-actuarial business partners and present to executive leadership.