Actuary Job Description Samples

Results for the star of Actuary

Director, Actuarial Services

Talent Recruiters, Inc. is searching for a Director, Actuarial Services, for a permanent position in Atlanta, Georgia. Relocation is available for the right candidate.
REQUIRED SKILLS: The right candidate will have, demonstrable on the resume, at least ten years' actuarial experience, including at least two years of Medicaid experience.  You must be able to demonstrate previous management experience, including responsibilities for hiring, training, assigning work and managing performance of staff required. You must be either a Fellow or Associate in Society of Actuaries; Member of American Academy of Actuaries.
You will conduct analysis, pricing and risk assessment to estimate financial outcomes, and provide expertise and technical support in matters related to the successful and financially sounds operations of the company’s health plan businesses. You will apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes, and be able to negotiate capitation rates with State agencies.
Interested?
Please apply directly, or send your resume in WORD format to Lou at Lou@TalentRecruiters.net.
Thanks!

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Actuary

Job Overview


Job Overview


Summary About the Agency When disaster strikes


, America looks to the Federal Emergency Management Agency (FEMA). Now FEMA looks to you. Join our team and use your talent to support Americans in their times of greatest need.

FEMA prepares the nation for all hazards and manages Federal response and recovery efforts following any national incident. We foster innovation, reward performance and creativity, and provide challenges on a routine basis with a well-skilled, knowledgeable, high performance workforce. Please visit www.fema.gov for additional information.

The ideal candidate has experience working for an insurance or re-insurance company in pricing, reserving and developing insurance products. This position starts at a salary of $112,021 (GS-14). Apply for this exciting opportunity to become a member of the Federal Insurance and Mitigation Administration team within FEMA. EMERGENCY ASSIGNMENT: Every FEMA employee has regular and recurring emergency management responsibilities, though not every position requires routine deployment to disaster sites. All positions are subject to recall around the clock for emergency management operations, which may require irregular work hours, work at locations other than the official duty station, and may include duties other than those specified in the employee's official position description. Travel requirements in support of emergency operations may be extensive in nature (weeks to months), with little advance notice, and may require employees to relocate to emergency sites with physically austere and operationally challenging conditions.


Duties In this position


, you will serve as an Actuary. Typical assignments include: * Performs quantitative analyses and actuarial support including rate-making for existing and for new coverages based on consideration of loss experience and theoretical damage and frequency data resulting from hydrologic studies, and the study of the catastrophic loss funding requirements unique to the National Flood Insurance Program(NFIP). * Performs quantitative analyses and actuarial support to provide management with quantitative basis for making program decisions on the size, scope and mechanism for providing insurance.

  • Acts as representative of the Deputy Administrator with contractor staff, insurance companies and their industry advisory groups, and others in policy matters concerning the Write Your Own {WYO) Statistical Plan and actuarial aspects of the NFIP. * Prepares and presents briefings explaining and defending studies and results to various internal and external groups.

  • Serves as the expert technical advisor for the development of actuarial policy used as guidelines for Insurance Underwriters and Write Your Own (WYO) Companies nationwide.

Supervisory Status No


Promotion Potential


14 ### Travel Required

  • Occasional Travel

  • This position may require occasional non-emergency travel 5% ### Relocation Authorized

  • No

Who May Apply


This job is open to


… * U.S. citizens

  • Status candidates may also apply under FEMA-17-FF-166412-MP * View common definitions of terms found in this announcement. This announcement will close at 11:59 p.m. Eastern Time (ET)Monday, 7/24/2017. Questions?

    This job is open to 1 group. Job Requirements

Job Requirements


Key Requirements

  • You must be a U.S. citizen to apply for this position.

  • You must successfully pass a background investigation.

  • Selective Service registration required.

  • Please review "Other Information" section for additional key requirements.

Qualifications The qualification requirements listed below must be met within


30 days of the closing date of this announcement.

NOTE: Qualifications are based on breadth/level of experience. In addition to describing duties performed, applicants must provide the exact dates of each period of employment (from MM/YY to MM/YY) and the number of hours worked per week if part time.

As qualification determinations cannot be made when resumes do not include the required information, failure to provide this information may result in disqualification. Applicants are encouraged to use the USAJOBS Resume Builder to develop their federal resume. For a brief video on How to Create a Federal Resume, click here. Current or former FEMA Reservists/DAE employees: To accurately credit your experience for these intermittent positions, make sure to list the dates (from MM/YY to MM/YY) of each deployment, along with the job title and specific duties you were responsible for during each deployment.

Failure to provide this information may result in disqualification. The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, Non-career SES or Presidential Appointee employee in the Executive Branch, you must disclose this information to the Human Resources Office.

A bachelor's degree that included courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science totaling at least 24 semester hours. This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites.

AND One year of actuarial experience equivalent to the GS-13 level.In addition to the Individual Occupational Requirement described above, you must meet the following requirement(s) to be considered qualified for the position: *You qualify for this position at the GS-1

4

  • level (starting salary $*

1

12,021) if you possess the following*: One full year of specialized experience, equivalent to the GS-13 level, that demonstrates 1) Developing actuarial reports and communications to support decision making; 2) Performing statistical and actuarial projections for insurance coverage; and 3) Conducting studies on insurance programs. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g.

Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills, and provides valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.


Security Clearance Public Trust

  • Background Investigation Additional Information

Additional Information


What To Expect Next Once you submit your application


, we will assess your experience and training, identify the best qualified applicants, and refer those applications to the hiring manager for further consideration and interviews. We will notify you by email after each of these steps has been completed.

We expect to make a tentative job offer within 30 days after the deadline for applications. If you are selected, we will conduct a suitability/security background investigation. View more information on applying for federal employment.

Any offers of employment made pursuant to this announcement will be consistent with all applicable authorities, including Presidential Memoranda, Executive Orders. interpretive U.S. Office of Management and Budget (OMB) and U.S. Office of Personnel Management (OPM) guidance, and Office of Management and Budget plans and policies concerning hiring.

These authorities are subject to change. Applying to this announcement certifies that you give permission to share your application with others in DHS for similar positions.


BENEFITS Review our benefits


Other Information

  • To ensure the accomplishment of our mission, DHS requires every employee to be reliable and trustworthy. To meet those standards, all selected applicants must undergo and successfully pass a background investigation for Public Trust as a condition of placement into this position.

    This may include a credit check after initial job qualifications are determined (Mythbuster), a review of financial issues such as delinquency in the payment of debts, child support and/or tax obligations, as well as certain criminal offenses and illegal use or possession of drugs. For more information on background investigations for Federal jobs please visit the OPM website athttps://www.opm.gov/investigations/background-investigations/. * If you receive a conditional offer of employment for this position, you will be required to complete an Optional Form 306, Declaration for Federal Employment, and to sign and certify the accuracy of all information in your application, prior to entry on duty. False statements on any part of the application may result in withdrawal of offer of employment, dismissal after beginning work, fine, or imprisonment. * DHS uses E-verify, an internet based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities.

  • This announcement may be used to fill one or more vacancies.

  • All candidates must be able to deploy with little or no advance notice to anywhere in the United States and its territories for an extended period of time. * A one year probationary period is required for new Federal competitive service employees and new supervisors and managers.

  • If selected for this position you will be required to attend a two week Emergency Manager Orientation (EMO) in Anniston, AL or Emmitsburg, MD. Travel is at FEMA’s expense and will occur from Sunday to Friday.

  • Veterans, Peace Corps/VISTA volunteers, and persons with disabilitiespossess a wealth of unique talents, experiences, and competencies that can be invaluable to the DHS mission. If you are a member of one of these groups, you may not have to compete with the public for federal jobs. To determine your eligibility for non-competitive appointment and to understand the documentation that is required, click on the links above or contact the Servicing Human Resources Office listed at the bottom of this announcement.

  • This is a Bargaining Unit position.

    This job originated on www.usajobs.gov.

    For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/474355700. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.

Open & closing dates: 2017-07-13 to 2017-07-24 Salary: $112,021 to $145,629 / per year Pay scale & grade: GS 14 Series: 1510 Actuarial Science Appointment type: Permanent Work schedule: Full Time Job announcement number: FEMA-17-FF-166412-DE Control number: 474355700



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Actuary

Title: ACTUARY Location:

US-IL-Chicago Job Number: 17203332 Healthcare Actuary Our client in the healthcare industry has an immediate opportunity for a full time Healthcare Actuary in Chicago, IL. This is a permanent placement opportunity! Our client is now one of the largest providers of Medicaid, Medicare Advantage, and other government-sponsored and commercial programs in the country.

They provide access to affordable healthcare to more than 11 million members across the country.

This is a great opportunity to work with one of the fast growing Fortune 500 companies that has a multi-line healthcare enterprise that provides services to government healthcare programs. If you are selected for this opportunity you will 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.

Our client’s employees are fast, agile, customer-focused multi-taskers with a commitment to implementing the latest technologies. If these same things get you excited, we hope to hear from you. Responsibilities: Position Purpose: Conduct analysis, pricing and risk assessment to estimate financial outcomes.

  • Apply knowledge of mathematics, probability, statistics, principles of finance and business to calculate financial outcomes

  • Develop probability tables based on analysis of statistical data and other pertinent information

  • Review insurance plans and calculate required premium rates

  • Ensure cash reserves and liabilities enable payment of future benefits

  • Determines equitable basis for distributing money for insurance benefits

  • Participate in merger and acquisition analysis Qualifications: Qualifications: * Bachelor’s degree in Actuarial Science, Mathematics, Statistics or in a related field. * 7 years of actuarial experience in healthcare and or Medicaid/Medicare

  • Commercial pricing or provider modeling experience preferred. License/Certification:

    Associate of the Society of Actuaries (ASA); Member of American Academy of Actuaries To Apply: To be considered please immediately apply to this requisition using the link provided. For additional information please contact Shari Dowling at shari.dowling@ctg.com or 541-260-4087 . Kindly forward to any other interested parties—thank you!

    CTG is the most reliable IT services provider, built on 50 years of meeting our commitments to make technology work for clients and deliver real business value. CTG provides industry-specific IT strategy, services, and solutions that address the business needs and staffing challenges of clients in high-growth industries, including major technology companies, large corporations, and government entities located in North America and Western Europe. CTG's greatest asset is its people, and as such we are committed to providing employees programs and processes to support their performance, hone their skills, and advance in their careers.

    This commitment is reflected by CTG being named a Best Places to Work Company by Modern Healthcare (since 2013) in North America, and a Best Places to Work Company in the United Kingdom (2013), Belgium (since 2007), and Luxembourg (since 2011). CTG will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of all applicable local, state, and federal laws. CTG is an Equal Opportunity/Affirmative Action Employer and strong advocate of workforce diversity. Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran. Job: Accounting & Finance

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Staff Actuary - Healthcare Division Support

Job Description: The Actuarial Department at Blue Cross Blue Shield of North Carolina (BCBSNC) is looking for motivated actuaries interested in transforming the healthcare delivery system to join our talented team on our Durham, North Carolina campus.

Actuaries desiring the opportunity to collaborate with providers, health systems and other industry stakeholders to ensure better quality and more affordable care for our members will be a great fit for this role. This role will be highly visible across the company and will be responsible for leading projects to support the company mission and vision to serve North Carolinian’s health care needs. • Serves as senior level Actuarial Services point of contact for Healthcare Division, including Network Management & Transformation, Corporate Pharmacy, Care Management Operations, and Medical Economics • Actively contributes to the success of the Actuarial Services team. • Responsible for supervising or handling highly complex actuarial modeling. • Consults with client base and is viewed as an expert in the field. • Leads and/or provides consultative support to assigned projects. • Makes presentations and/or presents findings to key constituents. • Responsible for enterprise actuarial functions including, but not limited to: o Medical and Pharmacy Trend analysis o Experience Studies o Provider network design and analysis o Value-based provider contract evaluations o Accountable Care Organization (ACO) development and implementation o Impact of internal and vendor led medical expense programs o Product innovation and pricing • Responsible for Actuarial support to the following divisions: o Healthcare Services o Sales, Marketing, and Communication o Finance o Legal, Compliance, and Government Affairs o Diversified Markets and Strategy • Continuing Education o Responsible for maintaining continuing education requirements as set by the appropriate Actuarial governing body (i.e. Society of Actuaries) o Prepares for and sits for examinations given by the Society Of Actuaries, if necessary • Has ability to supervise staff with authority to hire and fire.

If in a leadership position, provides guidance, feedback, development and direction to staff and develops and manages a high performing team. • Manages their staff members, who are participants in the Actuarial Development Program, to ensure they meet the ADP goals. Hiring Requirements • Bachelor’s degree • Seven years of actuarial experience is required. • FSA, MAAA • Note: a candidate with ASA and MAAA with at least 9 years of relevant actuarial experience may also be considered. Hiring Preferences • Experience leading projects or teams, and with provider network and medical expense program evaluations and value based contracting or Accountable Care Organization (ACO) development • Strong analytical skills • Strong people skills and the ability to be resourceful, as well as to make concise, independent and defensible decisions • Strong organizational skills, which allow the ability to function in an environment of multiple projects and deadlines • Strong communication skills • Strong skill set in the following applications:

Microsoft Excel, Word, Visual Basic, and PowerPoint It's an exciting time to work at Blue Cross and Blue Shield of North Carolina. Health care is changing, and we're leading the way. We offer more than health insurance our customers can count on.

We’re committed to better health and better health care − in our communities and beyond. Our employees bring energy and creativity to the workplace, and it shows in our innovative approach to improving the health and well-being of North Carolinians. Our company is a not-for-profit with headquarters in Durham and major operations in Winston-Salem and Fayetteville.

In all we employ more than 4,500 North Carolinians and serve more than 3.7 million customers. Help us lead the charge for better health care by joining our award-winning team. Discover tremendous opportunities with us to do challenging and rewarding work. Opportunities that can lead you to a fulfilling career, work that can help others lead healthier, happier lives.



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Actuary

Job Description

Seeking an Actuary for a global healthcare company in the Pittsburgh, Pennsylvania area with 20,000 employees.


Overview:

Prepares, performs and analyzes actuarial studies and processes. Applies actuarial techniques and statistical analysis to at least one of several functions such as insurance premium and pricing development, claim trend analysis, experience studies, medical economics analysis, profitability analysis, wellness studies, predictive modeling, and claim reserving.


Responsibilities:

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.

Education:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a closely related field is required for all levels. 5-7 years of relevant, progressive experience in the area of specialization.

Company Description

Sourcing Supply provides talent sourcing solutions including talent sourcing, name generation, sourcing operations and sourcing program development. We work with small businesses through Fortune 500 companies on their strategic hiring needs in information technology, information systems, finance, sales, healthcare and other key business areas.

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Health And Benefits Assistant Vice President- Actuary (Lincolnshire Or Chicago, IL; Milwaukee, WI; Southfield, MI And Minneapolis/Bloomington, MN)

Job Description

Aon Is Looking For a Health and Benefits Assistant Vice President- Actuary (Lincolnshire or Chicago, IL; Milwaukee, WI; Southfield, MI and Minneapolis/Bloomington, MN) As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Health & Benefits business group within Aon Hewitt. This candidate can be based out of one of our Midwest offices. Offices include Lincolnshire or Chicago, IL; Milwaukee, WI; Southfield, MI and Minneapolis/Bloomington, MN). Your Impact As A Health & Benefits Assistant Vice President – Actuary Advance your Actuarial career with Aon Hewitt! Engaging teams, deep subject matter experts and rewarding projects describe our appealing culture. With Aon’s people, rewards, knowledge sharing, individual contribution and work life balance - an actuarial career at Aon Hewitt adds up.

Job Responsibilities: * Lead actuary on client teams, leading actuarial projects and client relationship

  • Influence clients' overall strategic and financial direction in benefits; frame results in the context of the marketplace

  • Project savings/costs related to health benefits and applicable changes

  • Mentor and leverage work to less experienced actuaries

  • Review health care budgets and contribution setting

  • Make statements of actuarial opinion and lead analysis behind them; directly responsible for all actuarial deliverables

  • Communicate actuarial results to clients; lead all financial meetings, explaining actuarial results and potential alternatives

  • Assist in benchmarking discussions with clients, including strategy evolution as a result of benchmarking data

  • Perform IBNP reserve development

  • Review models to evaluate cost-saving scenarios

  • Seek and provide peer review to ensure high quality client deliverables

  • Develop general consulting skills, knowledge, and exposure You Bring Knowledge and Expertise

Required Experience: * FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required

  • Health and welfare consulting experience: 7+ years of industry experience (carrier or health care consulting) * Project/client/financial management experience

  • Broad business knowledge/perspective

  • Business development experience, including competitor and market knowledge a plus

  • Additional formal or informal responsibilities may include: People management or mentoring

Education: * Bachelor’s degree

We offer you A competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

Our Colleague Experience:

From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience.

About AonAon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. By applying for a position with Aon, you understand that, should you be made an offer, it will be contingent on your undergoing and successfully completing a background check consistent with Aon's employment policies. Background checks may include some or all of the following based on the nature of the position: SSN/SIN validation, education verification, employment verification, and criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. You will be notified during the hiring process which checks are required by the position. Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer. DISCLAIMER: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 6/12/2017 13:18:07 Job number: 2416710 Category: Consulting Location: United States, IL, Lincolnshire


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Actuarial Assistant: Actuarial Student Program

Actuarial Assistant: Actuarial Student Program Actuarial Assistant: Actuarial Student Program

  • Skills Required

  • Pricing, Product Development, Commercial Products, Financial Analysis, Non-Financial Analysis, Dental and Vision Products If you're looking to advance your career or need a fresh start as an Actuarial Assistant, please read on! Position Objective: Provide support to the Commercial Actuarial & Risk Leader on pricing, product development, and other projects in support of our commercial products. Be part of a growing and dynamic team, where you will collaborate with actuaries, underwriters, marketing, sales, and other professionals. Assist in performing financial and non-financial analyses, and make recommendations consistent with the companys goals regarding growth and profitability. The position is part of the Actuarial Student Program.

Top Reasons to Work with Us Features Of The Program:

  • We offer significant support that includes:

  • Subsidized exam fees and materials

  • Paid time off to study

  • Yearly performance raises

  • Mentoring by an experienced actuary

What You Will Be Doing

  • Develop a thorough understanding of our group Dental and Vision products and how the individuals job responsibilities contribute towards achieving the companys goals

  • Become an expert in the technical aspects of all assignments

  • Identify areas of improvement regarding procedural and/or technical aspects of projects, where possible

  • Strive towards completion of such assignments as independently as possible, recognizing situations where managerial guidance is needed

  • Willingness to think outside the box and provide support on a multitude of varied items (something to the diversity and crossover to Life or Govt)

  • Progress through your Actuarial exams with associated support granted by the Actuarial Student Program

What You Need for this Position Qualifications:

  • Bachelor's Degree in a business or quantitative field

  • Successful completion of at least one Society of Actuaries examination

  • One or more years of experience in a quantitative or insurance company role is preferred

  • Strong analytical and communication skills

  • Familiarity with Excel and some programming knowledge or experience is preferred

  • Demonstrates dependablilty and consistency in work product; holds self-accountable for taking the necessary initiative to deliver high-quality and timely results

  • Strategic and critical thinking as well as results oriented individual with demonstated experience balancing multiple tasks and priorities

  • Takes full responsibility for the results of own actions and decisions; takes initiative to ensure that problems do not fall between the cracks

  • Applicant must be self-motivate, detailed-orientedand possses the ability to work well with others under pressure

  • Actively seeks and takes on additional challenges to grow and develop professionally What's In It for You Benefits Summary: Insurance, Health & Wellness

  • Health Insurance

  • Flexible Spending Account (FSA)

  • Health Savings Account (HSA)

  • Supplemental Life Insurance

  • Dental Insurance

  • Vision Insurance

  • Life Insurance

  • Disability Insurance Financial & Retirement

  • 401K Plan

  • Dependent Care Family & Parenting

  • Family Medical Leave

  • Dependent Care Vacation & Time Off

  • Vacation & Paid Time Off

  • Paid Holidays

  • Bereavement Leave Perks & Discounts

  • Employee Discount

  • Company Social Events

  • Employee Assistance Program So, if you're looking to advance your career or need a fresh start as an Actuarial Assistant, please apply today! Applicants must be authorized to work in the U.S. CyberCoders, Inc is proud to be an Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or any other characteristic protected by law.

Your Right to Work – In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.

Actuarial Assistant: Actuarial Student ProgramMD-Owings MillsWT1-1368771


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Annuity Pricing Actuary

Annuity Pricing Actuary - #220621Job Area:ActuarialBusiness Area:PensionLocation:IA - Des MoinesCareer Category:Experienced ProfessionalFull/Part Time:Full TimeRegular/Temporary:RegularDate Posted:06/15/2017Join a company that is focused on serving others not itself.At Principal, every role supports a greater purpose- to help people live their best lives. And after more than 130 years, we've never had a more vibrant and dynamic global team united in our purpose.

Through community involvement, innovative financial solutions and dedication to career development, we make a difference in millions of lives every day, including our employees'.Responsibilities:Direct and provide analytical leadership for the pricing, experience and risk management of fixed deferred and indexed annuities. Provide liability insights into investment discussions, hedging decisions and overall management of the line of busi... For full info follow application link.The Principal is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.



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Assistant Actuary - Corporate Actuarial Modeling

JOB SUMMARY

Critically evaluate and provide technical guidance in the process of building and maintaining actuarial projection software master models under the Model Governance process. Partner closely with other departments.

  1. Follow and be an active participant in the Model Governance process that prioritizes, defines, and documents model updates, ensures all changes are accurate and timely, documents the impact of the changes, and provides an audit trail of changes made. Support timelines for model releases; assist in establishing intermediate steps and deadlines for project planning purposes.
  2. Implement changes to master models for new products, product features, actuarial assumptions, improvements, and corrections; identify and make enhancements to models for efficiency; work with fixed, indexed and variable universal life insurance, term life insurance, whole life insurance, immediate annuities, and fixed, indexed and variable deferred annuities.
  3. Translate business requirements into technical specifications and deliver solutions, such as actuarial code, to support those requirements.
  4. Test and validate model changes and output produced by the actuarial modeling software for reasonableness and accuracy. Develop and maintain replication tools used for validation.
  5. Provide technical guidance in building, validating, managing and maintaining output tools, such as standard reports and database solutions for data storage; work with database technology
  6. Prepare documentation of model changes and explain their impact to the model and results.
  7. Provide guidance on other Corporate Actuarial modeling projects as needed.
  8. Develop relationships with other departments, including Information Technology, Product Development and Corporate Accounting. Develop relationships with others outside the company, including outside vendors that provide software/hardware services.
  9. Help train and guide work for team members; act as a resource to other members of the Corporate Actuarial Modeling team. Active participation as representative of Corporate Actuarial Modeling during relevant project meetings.
  10. Enhance and develop personal and professional skills through the Society of Actuaries' Continuing Education requirement. 
  11. As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands.

QUALIFICATIONS

  • Must have a Bachelor's degree, preferably in the area of mathematics, or a business related field.
  • FSA preferred. Will consider near-FSA actively pursuing completion of FSA or career ASA.
  • Must have a minimum of six (6) years experience in the field of Actuarial Science
  • Demonstrate a superior level of mathematical ability and attention to detail and strong analytical skills.
  • Demonstrate strong computer skills including proficiency in the use of applicable technical tools.
  • Extensive experience with actuarial modeling software, preferably MG-ALFA
  • Prior experience with SQL and Visual Basic is desired
  • Demonstrate strong written and verbal communication skills including the ability to present highly technical information to non technical audiences
  • Ability to apply insurance industry knowledge, preferably in the fields of individual life and annuities.
  • Ability to identify and direct the analysis of problems or questions and provide recommendations to appropriate audiences.
  • Ability to work both individually and as part of a team.
  • Highly organized with the demonstrated ability to prioritize multiple projects and to switch priorities as necessary
  • Ability to work effectively in an office environment.
  • Prior experience in a controlled Model Governance environment a plus

ALSO AVAILABLE IN SIOUX FALLS, SD

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Director & Actuary Iii-124362

WellPoint is the nation's leading health benefits company serving the needs of approximately 28 million medical members nationwide.

Directs the actuarial functions ofCalifornia's Individual, Small Group, and
Large Group Commercialbusiness. Essential duties to include, but are not limited to:

  • Leads professional staff, conducts performance and salary reviews, approves PTO, coaches, counsels, selects and terminates staff.
  • Manages actuarial functions such as rate development and filing, or valuation; develops and ensures application of forecasting and pricing methodologies.
  • Manages actuarial support to assigned business units.
  • Performs other duties as assigned.

Bachelor's degree at least 9 years related professional/managerial experience. ASA/MAAA and FSA required. Excellent written, oral and interpersonal communication skills. Strong PC capabilities and excellent managerial skills.

EOE.M/F/Disability/Veteran

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