Actuary Job Description Samples
Results for the star of Actuary
Manager, Actuary (Level II)
REPORTING TO: Sr Dir, Actuary
Lead a team of analysts that provide timely, accurate, actionable data and analysis supporting the department, area, and corporate key initiatives. Participate as a key strategic member of the Finance Team and Senior Management.
Provide pro-active analysis and recommendations to management on both a tactical and strategic nature. Essential Functions:
Monthly calculation of the Corporation???s IBNR reserves.
Assist with development annual Medicare filings and state rate filings, including all managerial review and certification if necessary.
Develop actionable recommendations to management relative to all analysis.
Perform monthly analysis identifying opportunities to reduce cost and utilization.
Lead cross functional teams to address key issues facing the organization.
Evaluate Government reimbursement process to determine areas of risk and opportunity.
Participate in regional initiatives to improve operating results.
Initiate key analysis to improve overall MLR results.
Work closely with Chief Vice President of Actuarial Services, outside consultants and management to ensure that projects conform to Actuarial Standards of Practice.
Monitor trends and changes in the actuarial field and healthcare industry and communicate findings to management and associates.
Work toward and/or maintain necessary continuing education requirements as required by the Society of Actuaries.
Bachelor's degree from four-year college or university or a Graduate degree.
Certification as an Associate of the Society of Actuaries.
4 or more years of significant industry experience
Proven ability to carry a complex project from start to finish including appropriate coordination and utilization of a team and a presentation to senior management containing actionable information.
Skills and Certifications [note: bold skills and certification are required]
???Certification as an Associate of the Society of Actuaries.
Security Clearance Required: No
Visa Candidate Considered: No
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Senior Director & Actuary Lead-Health Care Government Programs
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About Fallon Health : Founded in 1977, Fallon Health is a leading health care services organization that supports the diverse and changing needs of those we serve. In addition to offering innovative health insurance solutions and a variety of Medicaid and Medicare products, we excel in creating unique health care programs and services that provide coordinated, integrated care for seniors and individuals with complex health needs. Fallon has consistently ranked among the nation’s top health plans, and is accredited by the National Committee for Quality Assurance for its HMO, Medicare Advantage and Medicaid products. For more information, visit www.fallonhealth.org at http://www.fallonhealth.org/ .
Position Summary : This position is responsible for developing Best Practice actuarial gross margin forecasting models to assist the organization in developing and aligning our strategic plans with our financial outlook. This role requires good communication with the Actuarial, UW, Medical Economics, Finance, Sales, Clinical and Government program teams to understand and model the most relevant factors, and highlight risks and opportunities that exist. For government programs conduct actuarial studies, trend studies, develop and recommend actions to executives and to the leadership team at FCHP and assist in the implementation to improve planperformance – profitability and membership growth. Provide support to regulatory filing, management decisions, and oversee the completion of the Medicare Bid process. Define standards of expertise and assist in training the actuarial staff in the use of Best Practice models Manage and develop staff.
Responsibilities Develop Best Practice actuarial gross margin forecasting models + Medical and pharmacy trend analysis + Revenue projections
Review of membership assumption
Review and vet Cost of Care assumptions + Understand and model benefit changes and membership mix changes + Understand key drivers + Assess risks and opportunities Support regulatory filings, management decisions, and oversee the completion of the Medicare Bid process + Stay informed of federal and state based legislative changes
Work to minimize risk and obtain our business results through these changes + Oversee Medicare Bid development with our external consultants and communicate findings to leadership Conduct actuarial studies, develop, recommend actions to senior leadership and assist in the implementation to improve plan performance program wide
Review actuarial assumptions, pricing methodologies and assist leadership in strategic and tactile decision making.
Work on negotiations and lobbying for important business/product changes.
Work with product line Directors on monitoring and improving business line results
Review actuarial assumptions, pricing methodologies and assist leadership in strategic and tactile decision making.
Work on negotiations and lobbying for important business/product changes. Analyze competitive information from other departments within FCHP in order to keep apprised of local and industry trends + Assist and analyze competitive data to drive our business objectives + Stay informed of national and local trends regarding product and provider changes Qualifications
Education: B.A./B.S. degree, preferably in Mathematics, Finance, Economics, or related field License/Certifications: N/A Accreditation of ASA, FSA, or MAAA preferred
Experience: 10 years of successful past experience in relevant health plan/health insurance finance, medical economics, actuarial or underwriting experience At least 5 years of successful past experience in relevant health plan/health insurance finance, medical economics, actuarial or underwriting experience
Job ID4716# Positions1
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Job Duties: * Responsible for calculating the IFRS (International Accounting) reserve following specified rules every quarter.
Oversee IFRS reserve calculations and providing analysis of IFRS investment earnings for all business units
Review market sensitivity and asset trading analysis, explaining the Investment Gains Memo, and quantifying basis changes.
Lead Annuity and Life Adjustable team through transition to target operating model;
Lead team through standardizing Annuity and Life processes;
Direct team through new Efficiency & Effectiveness mindset for all Annuity and Life processes;
Oversee all Annuity and Life Adjustable Sarbanes-Oxley processes and change management processes;
Responsible for end to end quarterly process and related deliverables e.g. FTR (excl. infrastructure) for Annuity and Life Adjustable;
Accountability for Annuity and Life Adjustable divisional IGM and supporting analysis, including Expected Earnings on Inforce); * Direct the quantification of ALM initiatives for Annuity and Life Adjustable where applicable;
Sign-off on the implementation of asset basis changes and the quantification in aggregate of liability basis changes for Annuity and Life Adjustable;
Oversee the analysis and sign-off of the asset sensitivities and Provision for Adverse Deviation analysis for Annuity and Life Adjustable;
Oversee staff support for yearly deliverables (Appointed Actuary Report, Valuation Self-Assessment Questionnaire, etc.) for Annuity and Life Adjustable; and
Assist with talent retention and development for Annuity and Life unit. Minimum Degree Requirements: * Bachelor’s degree or foreign equivalent in Actuarial Science or a closely related field. Minimum Experience Requirements: Requires membership as a Fellow of the Society of Actuaries (“FSA”) and 5 years of experience in the actuarial field, including work experience in the following: * 5 years of management experience. * 3 years of annuities and universal life products insurance knowledge. * 3 years of IFRS reporting knowledge. * 3 years of GGY AXIS experience with a detailed understanding of Asset modeling and liability modeling.Experience may be gained concurrently.
*About John Hancock Financial and Manulife
- John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $966 billion (US $736 billion) as at September 30, 2016 . Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com. The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Agency submissions and contacts are by invitation only and must be initiated by John Hancock's Recruiting Department only. Unsolicited agency submissions will not be honored. John Hancock is an equal Opportunity employer.
Organization:USSS Finance & Actuarial
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Health Actuary Consulting Consultant
Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level.
In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Today s business challenges present a new wave of HR, talent and organization priorities.
Deloitte s Human Capital services leverage research, analytics and industry insights to help improve our clients organizational results and impact by focusing on challenges at the intersection of business and people. Would you like to work for an organization committed to your professional development and personal success? Deloitte offers an award-winning culture that supports our employees development of their personal brand through learning opportunities, professional experiences, inclusion, collaboration and personal well-being.
Work you ll doAs a Deloitte Consulting Health Actuary Consultant in the Insurance practice of Deloitte s Human Capital group, you will assist Deloitte Managers, Senior Managers and Partners in providing strategic and technical consulting services to health plans, providers, Federal and State governments, PBMs, etc. At Deloitte, you can be a part of the transformation of the health care sector. Deloitte s health actuaries are participating in the development of evidence based medicine, and the transition of payments from paying for what is done to paying for the value provided.
Deloitte health actuaries are involved in designing new programs that are smarter about how public funds are spent. These types of problems require actuaries who are not only technically strong, but also can be innovative, capable of addressing ill defined, complex problems and have a business orientation.Other responsibilities include: Individual medical and small group health care reform modeling for health plans
Prepare SQL models to price health plan benefit changes
Review MA and Part D bid submissions for accuracy and consistency
Model lapse and retention rates, prepare results to share with clients
Create models to calculate ROI for medical management and other health plan initiatives
Prepare IBNR modeling spreadsheets for audit reviews
Provide project management support including preparing work plans, reports and client presentations The teamA part of Deloitte Consulting LLP, our Human Capital professionals work closely with clients around the world to develop effective and efficient people-centered solutions. Our team helps clients define their talent strategy and align it with their executive business vision using innovative strategic frameworks that enhance HR service delivery models, set the stage for continuously improving operational excellence, and reimagines the HR brand.
Learn more about our Human Capital practice. Our Human Capital professionals who specialize in Actuarial services apply advanced quantitative analysis to a wide range of business challenges. We use leading-edge statistical methods to quantify risk of Health, Life, P&C, and Retirement plans for clients.
Learn more about our Actuarial, Rewards & Analytics practice. Qualifications Required:Bachelor s degree 2 years of health actuary experience
Successfully passed 2 actuarial exams
Willingness to travel at least 10% Preferred:2 years of consulting and/or health plan/insurance company experience
Technical background in health actuarial, underwriting and other areas of health care finance
Strong understanding of health care plan design, alternative delivery systems, and current developments in the health care industry
Understanding of Health Care Reform 3 RsExposure to reimbursement mechanisms
Strong client presence
Ability to work well in team-based environment
Project management, presentation, and facilitation skills
Well-organized with the ability to handle several projects/clients simultaneously
Well-developed verbal and written communication skills
Proficiency with MS Office products, including Word, Excel, PowerPointAbility to work independently and develop client relationships
Strong work ethic with a commitment to client service excellence
Ability to travel up to 25% for periods of time How you ll grow
At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there s always room to learn.
We offer opportunities to help sharpen skills in addition to hands-on experience in the global, fast-changing business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Center.
BenefitsAt Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits.Learn more about what working at Deloitte can mean for you. Deloitte s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte. Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities.
We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte s impact on the world. Recruiter tips
We want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you re applying to.Check out recruiting tips from Deloitte professionals. About Deloitte As used in this document, Deloitte means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law. Disclaimer: If you are not reviewing this job posting on our Careers site (careers.deloitte.com) or one of our approved job boards we cannot guarantee the validity of this posting. For a list of our current postings, please visit us at careers.deloitte.com. Category: Actuarial
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Sr. Actuarial Associate / Assistant Actuary
If you want to make a positive difference & stand out from the crowd, you’ll fit in at The Standard (www.standard.com). Through our retirement plans & insurance products and services, we help people achieve financial well-being & peace of mind. Come join us & share our passion for serving our customers in a positively different way.
The Standard is hiring for a Senior Actuarial Associate or Assistant Actuary (level depends upon experience, skills, and qualification) with annuity valuation expertise for a position within their Individual Annuities actuarial team. In this role, your work, which will be primarily related to index annuities and secondarily related to fixed deferred and immediate annuities, will include: Valuation: Calculate reserves and liabilities in accordance with regulatory requirements and applicable actuarial and accounting standards.
Review and maintain actuarial assumptions relevant to area of practice (e.g. mortality, morbidity, valuation interest rates), adhering to actuarial and industry standards. Test the adequacy of reserves and formulate recommendations on reserve adequacy/methodology or liability funding requirements to management. Actuarial/Experience Studies; Financial Modeling/Asset Liability Management (ALM)/Risk Management:
Gather, analyze and develop strong understanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in the analysis of ALM, risk management, income projection and regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.
Financial Reporting/Regulatory: Prepare the actuarial portion of financial statements following GAAP, statutory or tax reporting principles. Analyze financial results of the corporation/division and identify drivers of earnings trends.
Communicate financial information to management to assist and influence corporate/division financial strategies. Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures and communicate with affected parties. Data Analysis/Information Systems:
Extract, analyze and prepare data for use in actuarial modeling. Analyze, interpret and present numerical data related to pricing, reserves and other actuarial analysis. Run, maintain and understand actuarial software and applications. Design, implement and maintain open-source code applications for use in the analysis of financial risks.
Bachelor’s degree in mathematics, actuarial science, business, or related field + Minimum of five years of progressively responsible experience in the actuarial field.
GGY AXIS and/or PolySystems experience is preferred not required.
Consistently provides well-organized, timely, and accurate work product + Able to apply knowledge/analytical skills to resolve problems of diverse scope which requires a review of a variety of quantitative and qualitative factors, and demonstrates good judgment in selecting techniques for obtaining solutions + Acts as a subject matter expert having frequent interaction with senior department managers or other senior actuarial personnel Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc., StanCorp Investment Advisers, Inc. and StanCorp Mortgage Investors, LLC, marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender, sexual orientation, age or any other condition protected by federal, state or local law.
The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.
For more information regarding your Equal Employment Opportunity applicant rights, click here. Individuals with disabilities who need assistance or accommodation with the application process should contact HR Direct at 971-321-7871. This number is only for the use of individuals with disabilities who need accommodation with the application process.
General inquiries about application status will not be addressed. Functional Job Title: Sr. Actuarial Associate / Assistant Actuary Time Type: Full-Time Req #: 15471
Location :Webster, MA - - -
Job Summary Are you looking for a position that offers advancement opportunities, great benefits and recognition for a job well done? Join MAFPRE Insurance! MAPFRE Insurance is a forward thinking insurance company offering friendly service from over 2,000 professionals focused on taking care of you and your family. For decades, MAPFRE Insurance has been protecting families and their possessions with quality insurance coverage and a strong commitment to service excellence. Your Future Starts Here!
Actuary I Develops actuarial pricing and/or reserving analyses, in accordance with CAS (Casualty Actuarial Society) principles, to produce indicated overall rate level changes and/or loss and loss adjustment expense reserve levels. Provides actuarial input to other product pricing analyses, such as class plans, territories, new coverages and endorsements, etc.
Works with MAPFRE Insurance Product Management Department, as needed, to develop competitor analyses and to quantify the impact of proposed pricing changes on insureds. Provides other support to the actuary as needed.
Job Requirements + Education: Bachelor's plus Certificate, e.g. INS 21, 22, 23, or equivalent, related experience.
Experience: 2 - 4 years - or Associates Degree equivalent plus 4 - 6 years.
Knowledge: Limited to moderate knowledge of industry practices, standards, and concepts within field of work. Learns to apply them to the job.
Decision Making: Makes decisions related to a wide variety of situations within management limits.
Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Supervision Received: Works independently under general supervision. Work is reviewed for overall adequacy in performing tasks.
Leadership: May provide training and guidance to less experienced staff.
Problem Solving /Operations/Direct Work Involvement: Applies knowledge to determine solutions to complex problems with minimal direction. Uses research and analysis to develop innovative and practical solutions which are consistent with organizational objectives.
Client Contacts: Contacts other departments and or external organizations or parties frequently.
Contacts are primarily at or below upper management levels. Represents organization on specific projects. Communication may involve persuasion, and negotiation. Additional Knowledge, Skills and Abilities Credit for at least two (2) exams of the Casualty Actuarial Society (2000 Syllabus). Thorough knowledge of Microsoft Office software is essential to perform analyses.
Candidate should be pursuing CAS (Casualty Actuarial Society) accreditation to at least ACAS level (CAS Exams 1-7). MAPFRE is committed to recognizing our employees as our most valuable resource. We know our employees are the foundation for our accomplishments. That’s why we offer so many opportunities to share in the success they help us achieve. We are MAPFRE. We are people who take care of people. If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at firstname.lastname@example.org. We are proud to be an equal opportunity employer.#INDEED123
Manager Actuary I Or II (Depending On Experience)
Manager Actuary I or II (depending on experience) Requisition ID 2016-22779 Job Locations US-OR-Portland Category (Portal Searching) Actuarial/Underwriting More information about this job: Overview: Manager Actuary I or II (depending on experience) Portland, OR The Cost of Care Analytics (CoCA) team provides analytic consulting, validation, and review of Regence Cost Stewardship initiatives. We track and analyze healthcare cost and utilization drivers looking for actionable and innovative cost containment opportunities in order to lower the cost of care for our members. We support each of four cost stewardship levers of Medical Management, Pharmacy, Payment Integrity, and Provider Network. We explore cost of care strategies through the application of data analytics, statistics, data science, actuarial science, benchmarking, research, and data mining techniques. The Cambia Actuarial Division is responsible for proactively managing and retrospectively tracking and reporting on the financial and risk positions within the company, and supporting the strategic goals of the corporation. Within that context, the Manager of Actuarial performs and manages technical, analytical, support, and leadership functions to help the division and the company meet its goals. At the department level, all contributors are expected to bring core skillsets such as data extraction, summarization, and data visualization, which may require analyzing multiple complex sources. We also require contributors to act as consultants in guiding customers to aid their understanding and decision making. In addition to the departmental skill sets, we also expect the CoCA team manager to bring a strong combination of the following skill sets: apply statistical procedures and techniques; evaluate programs, especially for return on investment; search for and use health literature to inform content areas and learn new methods; identify and suggest new innovative opportunities and ideas; design programs for later evaluation; support programs that are already in flight; consult with customers in guiding decision making; and write and present program information or results to both technical and non-technical audiences. Responsibilities include: + Monthly measurement and tracking of cost stewardship savings + Reporting and analyzing cost and utilization metrics + Support business case development for proposed cost stewardship initiatives + Consult with business partners, strategic finance, healthcare informatics, and actuarial teams regarding actual and projected cost stewardship program outcomes + Market research regarding new savings opportunities + Partner with internal operations in the development of assumptions used for setting rates + Manage a staff of three actuaries and analysts working closely with staff from other teams Responsibilities & Requirements: + Member of the American Academy of Actuaries in good standing.
Associate or Fellow of the Society of Actuaries in good standing or experience, skills, and credentials deemed equivalent by management.
Proven ability to perform and manage complex tasks.
Proven ability to plan, organize and oversee assigned work programs, including evaluating the work of subordinates.
Advanced analytical and problem solving skills.
Demonstrated success with project management.
Highly developed business sense (finance, accounting, economics, risk management).
Strong oral and written communication skills, effective with both individuals and groups, regarding complex or sensitive issues or regulations.
Exhibits solid actuarial/underwriting judgment.
Strong computer skills (word processing, spreadsheets, statistical analysis, database).
Ability to negotiate effectively.
Ability to manage complex projects and solve issues with large financial and/or risk impact to the corporation.
The Manager II requires proven success in managing employees. Normally to be proficient in the competencies listed above: Manager, Actuarial I would have a Bachelor’s Degree in mathematics, actuarial science, statistics, economics, computer science or an equivalent related field with 5 years of experience with increasing levels of actuarial responsibility. Manager, Actuarial II would have a Bachelor’s Degree in mathematics, actuarial science, statistics, economics, computer science or an equivalent related field with 7 years of experience with increasing levels of actuarial responsibility. A minimum of 1-2 years of talent management experience (acquired through having direct reports and responsibility for employment related decisions). General Functions and Outcomes:
Responsible for corporate profitability by prudent management of risk.
Responsible for producing and directing the production of timely and accurate research, analysis, and recommendations with respect to team’s key responsibilities, which may include rate calculations and filings, underwriting support, benefit pricing, internal and external financial reporting, reserving, forecasting, provider reimbursement strategy and implementation, trend analysis, and experience analysis.
Provides training and motivation to fully use staff capabilities and to meet changing corporate demands.
Provides managerial leadership and is responsible for the selection, supervision, evaluation and termination of staff. Conducts performance evaluations, and initiates and implements disciplinary actions as warranted. Makes annual salary recommendations.
Manages the operations of the department to achieve goals within budgeted funds and available personnel, plans and organizes workloads and staff assignments, approves paid time off (PTO), reviews progress, directs changes in priorities and schedules as needed to assure that work is completed in an efficient and timely manner. Facilitates team meetings.
Manages the activities of the department ensuring compliance with internal policies and external regulations.
Develops methodologies and approaches to new tasks and projects.
Proactively identifies actuarial issues and concerns to management. Provides actuarial support to any or all divisions of the organization.
Applies an understanding of provider payment structures, underwriting issues, marketing theory, financial accounting issues, and other mechanisms that highly impact the cost and revenue structures within the corporation.
Serves as professional actuarial expert internally and externally, and actively works to continually enhance the credibility of Cambia’s actuarial division in support of Cambia strategic goals. Additional General Functions & Outcomes for Manager, Actuarial II: + Shares management principles and best practices with Manager I’s + Uses management experience to optimize team performance both in daily function as well as long-term planning Work Environment: + No unusual working conditions.
Work primarily performed in office environment. About Us: At Cambia, we advocate for transforming the health care system. You aren’t satisfied with the status quo and neither are we. We're looking for individuals who are as passionate as we are about transforming the way people experience health care. We offer a competitive salary and a generous benefits package. We are an equal opportunity employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A drug screen and background check is required. Cambia’s portfolio of companies spans health care information technology and software development; retail health care; health insurance plans that carry the Blue Cross and Blue Shield brands; pharmacy benefit management; life, disability, dental, vision and other lines of protection; alternative solutions to health care access; and free-standing health and wellness solutions. We have nearly a century of experience in developing and providing health solutions to serve our members. We had our beginnings in the logging communities of the Pacific Northwest as innovators in helping workers afford health care. That pioneering spirit has kept us at the forefront as we build new avenues to improve access to and quality of health care for the future.
Actuarial Associate II (Medicare)
Actuarial Associate II (Medicare)
Joining this team means you'll be surrounded by colleagues who are dedicated to meeting their own high standards, to inspiring their teammates and to making a positive impact on under-insured and uninsured individuals. The group is a fast, agile, customer-focused organization with a commitment to implementing the latest technologies. If these same things get you excited, we hope to hear from you.
Position Purpose: Conducts actuarial analysis on various pricing drivers (ie: premiums, reserves, rate plans, contracting terms) for assigned areas.
- Identifies and analyzes internal and external factors which affect statistics for use in forecasting, trending, and rate models, etc. Designs specific actuarial studies and research projects as requested.
- Performs actuarial research, experience studies, statistical analyses.
- Develops, calculates and analyzes rates, reserves, provider contract terms, etc.
- Develops and maintains documentation. Provides data to external agencies (auditors, DOI, DMHC) as needed.
- Develops actuarial assumptions.
- Prepares departmental profitability reports.
- Prepares schedules, document factors.
- May assist in training of others.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field or equivalent experience.
- Passed three or more SOA exams.
- Two years actuarial work experience, preferably in health insurance.
- 401(k) with company match
- Employee stock purchase plan
- Training and Learning Opportunities/Tuition Reimbursement/Educational Assistance
- On-site fitness center or discount at local fitness centers (most locations)
- Discounts for select local and national products and services, including cell phones, computers and more
- Other amenities may be available, but vary by location
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Associate Actuary (Pricing)
Associate Actuary (Pricing) Location(s)CA-Aliso Viejo Interest CategoryActuarial Science Full Time / Part TimeFull-time About Pacific LifeWHERE YOUR POTENTIAL MEETS OUR PURPOSE: At Pacific Life, you are given the opportunities and challenges to embrace your potential and achieve your personal best, every day.
What you find here is something special – it’s purposeful work done with a shared set of values that brings us all together. ABOUT US: Pacific Life offers life insurance, annuities, and mutual funds, along with a variety of investment products and services, all of which provide The Power to Help You Succeed.
Headquartered in Newport Beach, CA, Pacific Life is a Fortune 500 company with approximately 2800 employees. We pride ourselves in providing a work environment that is challenging, inclusive, collaborative and results-oriented. We firmly believe each employee plays a part in our continued growth and success.
Job DescriptionPOSITION SUMMARY:In this role, you will develop innovative life insurance products. The main responsibilities include:•Design, price, and implement life insurance products balancing profitability, marketability and risk.•Develop assumptions appropriate for the marketplace.•Monitor industry trends including future of transactional underwriting and predictive analytics.•Review emerging experience and adjust assumptions and pricing as necessary.•Work closely with Product Marketing and provide technical support to the IT, Reinsurance, Finance, Underwriting and Compliance areas.FACTORS FOR SUCCESS:•FSA or ASA designation in the Society of Actuaries•7+ Years in the insurance industry with at least 4+ years in Life Insurance product design, pricing and implementation.•Experience with IUL, VUL and UL pricing•Good understanding of the regulations and actuarial guidelines applicable to life insurance products.•Strong communication and influencing skills.•Ability to handle multiple projects and meet tight deadlines.•Proficient in actuarial pricing software, ideally ALFA.#LI-DG1 BenefitsJoin the Pacific Life team and watch your career grow! We offer a competitive compensation and benefits package that includes: • Competitive salary and bonus program • Medical, dental, and vision as part our commitment in investing in the health and wellbeing of our employees • Two retirement savings plans: 401k savings plan with company match and Company Retirement Contribution (company-paid) • Generous vacation time and holiday pay • And much more!
EEO StatementPacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.
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Vice President, Actuary
Acceptance Auto Insurance is seeking an ACAS / FCAS with a strong auto insurance background (non-standard preferred), expert knowledge of loss reserving, pricing and predictive modeling. The Vice President, Actuary is responsible for planning and directing all actuarial functions related to all lines of business to achieve corporate profitability and premium growth goals.
This role will determine the appropriate value of reserves and non-ledger items for corporate financial statements, and will ensure the accuracy of information upon which the Actuarial Certification for the Company’s financial statements is made. This role serves as the Company’s appointed actuary and signs the Statements of Actuarial Opinion, and assists in the preparation of related financial statements including Schedule P. To be successful in this role, the candidate must have experience in predictive analytics and be motivated to stay abreast of current trends in optimizing the use of data.
As a Team Member at Acceptance Auto Insurance, you will be part of growing organization that continues to evolve and positively impact the lives of our customers. Acceptance Insurance offers a full line of benefits including: Health Insurance, Dental, Vision, Paid Vacation, Disability Insurance and Employer Matching 401(k) Program.
Company Overview: First Acceptance Corporation is principally a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. We currently write non-standard personal automobile insurance in 17 states.
We issue policies as a licensed insurer in 12 of these 17 states and are licensed as an insurer in a total of 25 states.
We currently lease and operate approximately 350 retail locations and a call center staffed with employee-agents. Our employee-agents primarily sell non-standard personal automobile insurance products underwritten by us, as well as certain commissionable ancillary products.
In most states, our employee-agents also sell a complementary insurance product providing personal property and liability coverage for renters underwritten by us. In addition, select retail locations in highly competitive markets offer non-standard personal automobile insurance serviced and underwritten by other third-party insurance carriers. Currently, business written from 83 recently-acquired retail locations in four states (California, Arizona, New Mexico and Nevada) is limited to policies underwritten by other third-party insurance carriers.
In addition to our retail locations, we are able to complete the entire sales process over the phone via our call center or through the internet via our consumer-based website or mobile platform. On a limited basis, we also sell our products through selected retail locations operated by independent agents. Learn more: Visit us at www.acceptanceinsurance.com + Performs advanced actuarial analysis in the following areas: loss reserving, pricing, product development, research/support and business planning.
Develop and implement strategies to improve production efficiency and effectiveness to support the company’s goals of optimized profitability and managed growth.
Investigate changes in trend and impacts on reserve selections as well as forecasts for future periods.
Work in collaboration with Underwriting, Claims, Retail, Product and Senior Management to make recommendations impacting reserving, pricing and planning.
Manage and direct team of analysts.
Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
Expert knowledge of loss reserving, pricing, - including class plan analysis and predictive modeling. Experience with EMBLEM is highly desirable.
Knowledge of automobile insurance product lines, preferably non-standard.
Knowledge of automobile insurance company operations, specifically including Underwriting, Product, Claims and Sales.
Proficiency in filing/compliance for several states with experience preferred among the following: AL, AZ, CA, FL, GA, IL, IN, MO, MS, NM, NV, OH, PA, SC, TN, and TX.
Demonstrated ability to interact effectively with areas of the company outside Actuarial
Strong business acumen and communication skills, as well as ability to effectively present technical concepts and presentations to non-technical individuals including senior management and other groups. Years of Experience Requirements + Minimum of 5-7 years of experience, preferably in the non-standard automobile insurance industry, with 2 – 3 years of management or supervisory experience preferred. Education Requirements + Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
Required ACAS or FCAS designation. ID: 2017-7090