Actuary Job Description Sample
This is a newly created role, reporting to the new Head of Actuarial Function ("HoAF"), as a consequence of the company re-domiciling the Non UK European business to Dublin from the UK.
The role will involve supporting the HoAF in the management and delivery of all requirements of the Actuarial Function for XLICSE Ireland.
Your key responsibilities will include:
Supporting the HoAF to fulfil all requirements of the Head of Actuarial Function as set out under CBI guidance and regulation by providing oversight and insight on key actuarial matters including Business Forecasting, Reserving and Technical Provisions, Solvency requirements and adequacy, Underwriting Policy and Reinsurance Adequacy.
Support the analysis, recommendations (including implementation thereof) and production of:
The annual Actuarial Function Report;
The Underwriting Opinion;
The Reinsurance Opinion;
The Actuarial Opinion & Report on Technical Provisions;
The Actuarial financial reporting team is a key contributor to the development of the XL Catlin Insurance business plan each year, and these roles will help support our Pricing Actuaries and management in rationalising plan assumptions and outputs.
You may also become involved in special projects intended to contribute to the development of the Actuarial Financial Reporting team as a whole which could involve development of processes or exhibits or focused investigations regarding new methodologies or assumptions potentially impacting the reserving analysis for all lines.
You will report to the Head of Actuarial Function.
The role requires a qualified Actuary, with meaningful post-qualification experience within the non-life insurance industry.
It is likely that you will have had exposure to at least some of the aspects of the Head of Actuarial Function requirements, including Reserving, Pricing, Underwriting, Capital and Reinsurance.
You will posses a track record which demonstrates the ability to ensure timely delivery, sometimes under pressure
Planning & Organisation:
An ability to manage multiple conflicting tasks and outputs.
Able to plan long term deliverables and ensure tasks are planned and completed accordingly, and that any delays or complications are communicated early and resolved appropriately.
Strong Business Acumen:
- Able to translate actuarial output into business value, ensuring various customers, including legal entity boards, are able to understand the practical implications of our analyses.
Strategic Thinking and Tactical Implementation:
- Ability to invent, design and build solutions.
ESSENTIAL FUNCTIONS Act as the actuarial practice lead for the Client Establish and define the actuarial practice within the organization Lead, design and implement analytic approaches and models to business challenges.
Includes pricing and risk management models and other projects Inform and advise senior organizational leaders Recruit, develop and direct the work of other actuaries and data scientists Visualize, interpret, report, and communicate data findings in clear, concise and compelling manner with various audiences using visualization tools (Tableau, graphana, ggplot, others.) Think creatively and work well both as part of a team and as an individual contributor Ability to think critically and consult the Data Science team, our partners and leadership on how to best apply analytical methods to unstructured problems and execute QUALIFICATIONS - required Degree in Statistics, Applied Mathematics, EconomicsEconometrics, Quantitative Finance, Engineering, Operations Research, Bioinformatics, or related quantitative disciplines (Bachelor39s required, Master39s or PhD39s preferred) Successful completion of four or more Society of Actuaries exams FSA accreditation 7+ years of actuarial experience strong preference for healthcare industry experience Client and MAAA accreditation preferred Exceptional ability to communicate and present findings clearly to both technical and non-technical audiences.
Highly collaborative, consultative and curious Highly motivated self-starter with a strong desire to expand technical skillsets beyond traditional actuarial software and languages and interest in solving interesting and complex healthcare problems QUALIFICATIONS - preferred Experience using analytical toolslanguages such as R, SAS, SQL, Python Knowledge of common object oriented programming languages such as Java or C++ Have hands-on experience developing predictive models using analytical methods such as regression, decision trees, support vector machines, Random Forests, Neural Networks Have hands-on experience using relational database management systems (Oracle, Teradata, SQL Server, DB2 etc.) Expertise in visualization tools like Tableau, ggplot is a plus Proficient in working with structured and unstructured datasets as needed Proficient in working with relational database structures and ability to extract datasets for individual analysis and project execution indny Princeton Information is one of the nation39s top five privately-held IT consulting firms, in business since 1985.
Princeton Information services a clientele of primarily Fortune 500 companies nationwide.
With annual revenues over 120 million, Princeton Information operates across the US from multiple regional offices.
Our Commitment to Our Consultants As a privately held company, Princeton Information is solely committed to the success of clients and consultants - not to any shareholders.
PI39s success is grounded in the relationships we build with our consultants.
We seek the best people provide career path counseling as well as the most challenging opportunities in business and in IT.
As part of its culture of loyalty and commitment to its consultants, Princeton Information is committed to doing all we can to ensure our consultants have the best possible search, placement and work experience possible.
Our Services Working with one Princeton Recruiter will gain you access to over 500 open requirements with the top clients in the US across all industries (finance, insurance, pharmaceutical, commercial, telecom, media, manufacturing) nationwide.
Our local recruiters have in-depth knowledge of our clients and opportunities.
They will work with you to find you the best possible opportunities for you and your career.
Our Relationships Our relationships with our clients, as well as our consultants, are critical to our success!
We have a robust sales organization that ensures that Princeton has the inside track on what attributes a person needs in order to be successfully placed and engaged at our clients.
We know the technical and non-technical skills that our clients are looking for and we ensure that you are educated about the client prior to your interview with them.
Princeton is committed to going above and beyond to ensure that each meeting you have with a client is a successful one!
Access, Analysis, Analytical, BioInformatics, C++, Consult, Consulting, Database, DB2, Engineering, IT, Java, Management, Networks, Object Oriented Programming, Oracle, Programming, Project, Python, Research, Risk Management, SAS, Software, SQL, SQL Server, Systems, Telecom, Teradata
In this role, you will join our Risk team and work directly with Actuaries and Data Scientists. You will own pieces of our actuarial work that enables our innovative model to succeed as we grow. We understand and value technology, so this can become a powerful part of your tool kit.
Provide an actuarial viewpoint for Oscar as we rapidly grow in existing and new markets
Develop and lead the rate pricing and filing processes
Maintain good relationships and open lines of communication with our regulatory agencies.
Leading or playing a key role in projects and growth initiatives.
Responsible for technical pricing standards and processes for all lines of business
Reporting for both internal and external stakeholders
Build and maintain pricing models and methodologies, perform various trend analyses, and experience monitoring
Development of forecasts for line of business as well as other analyses associated with new product lines, new business, vendors/partners, provider contracts, etc.
You're a Fellow in the Society of Actuaries or on track to become one
You have 5-10 years of relevant actuarial experience in healthcare
You have mastered foundational actuarial principles, including but not limited to pricing, valuation, modeling, and product development
You're have familiarity with the Affordable Care Act and related financial & regulatory reporting
You have strong Business acumen and knowledge of the healthcare industry, products, and business cycles/trends
You have excellent technical, analytical and problem-solving skills.
You have outstanding communication, facilitation, negotiation, and presentation skills
You're able to work well with a smart, passionate, and growing team
You have a preference for working in a dynamic startup environment where every day offers new challenges
We are changing how health insurance works. Our goal is to make health insurance simple, transparent and human. We need your help to do so. We brought together leaders from top technology, service and healthcare companies to work side by side to disrupt health insurance. The result? Better people, better ideas, and better healthcare.
At Oscar, being an Equal Opportunity Employer means more than upholding discrimination-free hiring practices. It means that we work to cultivate an environment where exceptional people can be their most authentic selves and find both belonging and support. We're on a mission to change healthcare -- an experience made whole by your unique background and perspectives.
Consulting Pension Actuary is responsible for timely and accurate valuation of pension liabilities, in compliance with Pension Protection Act and all related IRS and accounting regulations and standards. Consulting Actuary must be able to effectively and accurately communicate the results with clients and colleagues.
Ability to manage multiple projects and clients with strong multi-tasking skills required. Active credentials under the Society of Actuaries and/or Joint Board of Enrolled Actuaries preferred but not required. Progress toward credentials will be fully supported but is not required.
Effective team player with strong intra-personal and communication skills.RequirementsA Bachelor's degree, and 3+ years of full-time actuarial pension consulting experience is required. FSA or ASA (with or without EA), in addition to, greater level of experience are preferred. The ideal candidate will be an excellent problem solver, possess good verbal and written communication skills, and have the ability to work professionally with others.
Other characteristics include strong quantitative, analytical, and detail orientation skills. Experience such as post-retirement medical valuation, pension plan de-risking or pension plan termination procedure a plus.Apply On-lineSend This Job to a Friend
© OneAmerica Financial Partners, Inc. All rights reserved.
- We are open to a variety of locations for this position including Amelia, Ohio, Hartford, CT, New York, NY or Princeton, NJ.
At Munich Re, we utilize extensive risk knowledge to offer expertise, financial strength, and innovative solutions to help our clients meet the difficult challenges they face in today's world. Risk management is our strength. For us, the question is not if we can cover your risks, but how.
Integrated Risk Management (IRM) develops, implements, and maintains the framework for managing risk across Munich Re's US P&C operations. Our mission is to ensure that these risks are well understood and managed effectively through a variety of quantitative and qualitative processes. Our Risk Analytics & Strategy team measures the risks faced by the US P&C Companies using our internal economic capital model and scenario analyses. We provide senior management with an internal view of our companies' risk profile, and this is used to support the capital management of our companies. We also facilitate the development of the strategy to manage these risks, we report on these risks regularly to senior management, the Board, and regulators, and we perform ad-hoc analyses of new and/or emerging risks.
We are seeking an Actuary to join our regional Risk Analytics & Strategy team in either Princeton, NJ; New York City; Hartford, CT; or Amelia, OH. This position includes primary responsibility for modeling economic capital for the Munich Re US P&C Companies and communicating the results to senior management. Through this work you will develop an in-depth understanding of all of the risks facing an insurance/reinsurance enterprise and will be expected to identify and explain key drivers of changes in our risk profile such as changes in exposure to natural catastrophes, changes in the investment portfolio, or volatility in loss experience (among others). As the risk environment is ever-changing, we are seeking someone with strong technical/actuarial skills who is able to perform and communicate these analyses so that they meet the needs of stakeholders and also improve upon the methodologies, processes, and documentation that supports them.
Key Responsibilities of this position include:
Conduct and communicate results of risk capital modeling, portfolio analysis, and/or scenario analysis to senior management and other stakeholders. You will be responsible for leading these projects/analyses which require resources/data from multiple areas throughout the company including individuals who are not direct reports.
Work with stakeholders from different companies to conduct our annual Own Risk and Solvency Assessment (ORSA) including prospective modeling of our risk and solvency position and conducting scenario analysis and reverse stress tests. You will be responsible for leading this process including obtaining both quantitative and qualitative information from each company and ensuring that all stakeholders are aligned around a final report that is submitted to the regulator.
Support the continued development of the internal economic capital model and ORSA to enhance our abilities to capture existing and new risks. This includes considering changes in trends for existing risks and the introduction of new products/risks.
Create and deliver actuarial and risk management presentations to internal and external clients and stakeholders. This includes both training and information presentations to internal (underwriters, client managers, accountants, actuaries) and external (client, conferences) stakeholders.
Ad-hoc actuarial tasks including peer review of actuarial work and ad-hoc actuarial analyses as needed.
Working on our team provides a great opportunity to learn about all areas of the insurance and reinsurance business and to interact with senior management, Finance, Reserving, Law, and other teams throughout the US operations and the Munich Re Group worldwide. This position also provides the opportunity to continue with your actuarial education with support from the Company.
Successful candidates will possess the following:
Five or more years of (re)insurance/actuarial, risk management, or equivalent experience.
Bachelors Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming, or quantitative analysis.
In-depth knowledge of Actuarial Models, standard techniques and the most efficient and effective methods for common actuarial applications.
Proficient computer skills in MS Office Suite (Excel, Access, PowerPoint, Word) and modeling/ risk management software (e.g. stochastic simulation).
Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals. Ability to collaborate with peers across US and international organization.
Excellent oral & written communication skills. The ability to effectively communicate technical issues to non-technical people (both internal & external).
Good time management, project management, and organizational skills including the ability to manage conflicting priorities, complete multiple tasks and projects, and coordinate and direct resources outside of the department.
Broad knowledge of insurance company processes and functions including knowledge of (re)insurance & products and financial metrics and data sources used in (re)insurance.
Ability to apply judgment and problem solving skills to address complex and high profile issues.
Start Date: ASAP
Type: Full-time direct employment with Vitaver's Client.
Onsite: On location at the Client’s site 100% of the time. No telecommuting or remote work.
Salary: $110,000 to $125,000 range depending on your level of expertise and your prior compensation history.
Description: Our Client, one of the leading healthcare organizations, is hiring an Actuary in Pittsburgh, PA.
• Prepare studies, analyses, and presentations to allow management to make informed business decisions for both internal and external customers.
• Establish quality control processes around all work, analysis, and models. Continually enhance their company and industry knowledge to apply appropriate reasonableness checks.
• Propose and develop improvements to existing processes that align with the goals and objectives of the department and company.
• Pull, summarize, and analyze data from internal databases.
• Perform all work in accordance with applicable laws, regulations, and actuarial professional standards.
• Perform ad hoc actuarial projects and other duties as assigned or requested.
• May assist with training new employees.
• Other tasks as required.
• Experience in the area of specialization Grandfathered experience requirements effective August 2016 (5+ years);
• Experience gathering and analyzing information, designing and testing solutions to problems;
• Experience in health insurance and FSA (preferred);
• ASA Certification (required);
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a closely related field is required for all levels.
Primary Job Duties & Responsibilities
Pricing/Ratemaking: Develop and oversee implementation of sound rates and/or rating plans/models.
Work with Underwriting to develop and price new products. Support Underwriting in the pricing of large complex deals not adequately handled by pricing models. Provide analysis of trends/factors/issues impacting Underwriting results and work with Underwriting to determine action plans.
Work with regulatory unit to make filings. Planning/Forecasting: Forecast and interpret underwriting results to aid management in planning process.
Analyze and interpret trends. Working with Underwriting, Senior Management, Reserving, Reinsurance and the Financial unit, develop financial business plans and business strategies. Identify potential research areas and assess usefulness.
May oversee the implementation of actions decided upon through research. May develop and work with predictive modeling concepts. Project Mgmt:
Manage or participate in key/complex actuarial projects, including cross-company actuarial initiatives. Present projects to senior level underwriting and actuarial management. Leadership/Mgmt:
May supervise staff. If applicable, develop objectives and development plans, coach manage performance of staff to achieve excellence and ensure effective performance. Assists in determining goals and setting direction and priorities for the unit. Other duties as assigned.
Small Commercial Analytics has an exciting opportunity to be a part of the CMP Modernization project. This position will have the lead on calibration of base rates for the new CMP Modernization product, including building full disruption algorithm and participation in creating future rate adequacy process.
This individual will have accountability of the CMP Benchmark tool, which is used on CMP's low touch business. You will partner with the Benchmark Strategy team and other business units to ensure that the tool has scalability to enable multi-line writing. This position will also oversee the ongoing maintenance of the current Travelers Express modeled product, including implementation work partnering with Operating Model team and filing support for model pages.
Education, Work Experience & Knowledge
College Degree in actuarial science, mathematics, economics or statistic or equivalent preferred. 5+ years of Actuarial/Analytic experience preferred. Understanding with base knowledge in complete range of actuarial functions, including but not limited to, reserving, pricing, business planning, financial reporting, management information, product development, reinsurance and database management.
Independent analysis of challenging business issues. Basic understanding of actuarial and other insurance related models (i.e. property CAT, ROE and RBC models). Strong understanding of financial reporting, both GAAP and Stat. Strong understanding of income statements and balance sheets.
Strong understanding of insurance products and marketplace conditions and how they impact financial models and results. Strong PC skills, Excel, Access, PowerPoint and Word. Sound understanding of databases and data extraction. Crisp and confident communication of analysis.
Operates standard office equipment. Sitting (can stand at will). Use of Keyboards, Sporadic 10-Key.
Bachelors degree or equivalent education required. 3 years analytics experience required. General knowledge of quantitative analysis required.
Company :Allegheny Health NetworkJob Description :
This job is an ASA Certified actuary position that initiates and leads the development of actuarial studies and analyses. Gives direction to less experienced staff and will represent the department's perspectives and needs in cross disciplinary settings. The incumbent applies actuarial techniques and statistical analysis to several functions, including insurance premium and pricing development, claim trend analysis, experience studies, medical economics, profitability analysis, wellness studies, predictive modeling, or claim reserving.
Outline data requirements for a study or analysis. Give direction to less experienced staff and review the appropriateness of the results in light of experience and industry knowledge.
Initiate and lead the development of studies, analyses, and presentation materials needed to appropriately inform decision makers. Make appropriate recommendations to senior management across teams both within the actuarial department and across other departments.
Proactively ensure the internal and external consistency of all work. Perform reasonability checks dependent on advanced industry knowledge and experience. Promptly and efficiently identify outliers and anomolies in the work of others. Identify methods to test whether suspect results are correct. Form reasonable approximations in advance of results of an analysis and determine whether deviations are reasonable or suspect.
Understand the environment, goals, and objectives of the incumbent's own position, their team, and all internal customers. Demonstrate a thorough understanding of both corporate and division goals and values. Apply corporate, professional, and industry knowledge & insight to all tasks under incumbent's control or influence. Effectively advocate across entire corporation for appropriate positions, processes, and systems which can reasonably be adopted.
Manage own time and resources across many projects, focusing on quality, time, scope, usefulness, and appropriateness of work. Routinely plan and organize work of less experienced staff. Mentor and assist in development of less experienced staff. Keep manager informed.
Use effective communication to present information and provide decision support to team members and executive management. Appropriately balance the need for clarity and brevity with the need to fully inform customers of all aspects of a situation which may be material to a decision.
Represent department's perspectives and needs in cross disciplinary settings. Consistent with the direction and expectations of incumbent's supervisor: evaluate proposals; clearly communicate impacts and issues to both internal and external audiences; and, negotiate appropriate compromises and solutions.
Other duties as assigned.
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics or closely related field
- 5 - 7 years of Actuary experience in area of specialization
- Pursuing FSA exams towards FSA Certification
LICENSES AND CERTIFICATIONS
- Associate of the Society of Actuaries (ASA)
- Fellow of the Society of Actuaries (FSA)
Possesses and applies a comprehensive and in-depth knowledge of actuarial principles, concepts, practices and processes within the field of specialization
Possesses significant expertise to complete complex assignments and ability to visualize, articulate, and solve complex problems while leading others to complete complex assignments
Develops, designs, and tests analytic frameworks to solve complex problems using innovative approaches
Assignments are broad in scope and require depth of knowledge as well as ingenuity and originality.
Oral & Written Communication Skills
0% - 25%
PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS
Teaches / trains others regularly
Travel regularly from the office to various work sites or from site-to-site
Works primarily out-of-the office selling products/services (sales employees)
Physical work site required
Lifting: up to 10 pounds
Lifting: 10 to 25 pounds
Lifting: 25 to 50 pounds
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
Level 4 Employee Referral Program
Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.
EEO is The Law
Equal Opportunity Employer Minorities/Women/ProtectedVeterans/Disabled/Sexual Orientation/Gender Identity (http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf)
We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact number below.
For accommodation requests, please call HR Services at 844-242-HR4U or visit HR Services Online at HRServices@highmarkhealth.org
The Actuarial Analyst performs actuarial analysis on State National's book of business to develop/analyze ultimate loss trends. Conduct actuarial studies, develop recommended actions to executives and assist in their implementation to improve program performance.
Analyze books of business to project ultimate loss levels and estimate reserves.
Assist in the analysis of reinsurance programs.
Perform financial analysis and research functions.
Maintain, enhance, design and develop complex programs or spreadsheets.
Assist in regulatory reporting requirements.
Strong oral, written communication and interpersonal skills.
Strong working knowledge in Microsoft office products – Word, Excel and Power Point.
Able to work independently.
Strong presentation skills.
Team player with analytical, quantitative and leadership abilities.
Proven ability to perform projects which require advance knowledge of actuarial methods and process implementation/improvements.
Bachelor's degree in Mathematics, Finance, Business or similar field.
Must hold a minimum of an ACAS (Associate) designation, FCAS preferred.
4-5 years of Actuary experience.
Property and casualty insurance experience preferred.
Annual statement familiarity.
Client looking to add an experienced health actuary to their growing practice.
Ideally looking for a mid to senior level health actuary with at least the ASA designation, if not FSA.
This actuary will manage client projects.
Experience in Medicare Advantage bids and/or commercial pricing development is preferred.
This position provides excellent opportunities for professional development and advancement.
Will develop and apply actuarial models to solve a wide array of business problems.
Assist in the development and management of Medicare Advantage bids and/or commercial rate filings.
Analyze healthcare cost and utilization data.
Perform experience analysis and reserving.
Reconcile claims data and project future costs.
Assist in the training and management of staff.
Looking for at least 5+ years of relevant healthcare experience.
Experience or training in computer programming languages (Access/SQL/SAS/R) would also be preferred.
Experience with Medicare Advantage programs, Medicaid programs, commercial individual/group insurance, or provider risk-taking programs strongly preferred.
Experience managing projects.
Making better hires starts with building better job descriptions
- Browse 100s of templates across 40+ industries
- Customize your template with your company info & job requirements
- Post it to 20+ job boards in seconds – for FREE!