Lockton

Health and Welfare Actuary

Lockton • $90K — $130K *
Dallas, TX 75217In-Person
Healthcare
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of health actuarial consulting or health insurance experience
  • Bachelor's degree (graduate degree preferred)
  • FSA/ASA designation required
  • Strong oral and written communication skills
  • Proficient in managing multiple projects concurrently

Responsibilities

  • Deliver high-quality consulting and actuarial work to clients
  • Perform advanced financial consulting while leading broader client initiatives
  • Lead or support actuarial teams and provide coaching
  • Engage as a financial expert in client meetings
  • Conduct peer reviews of documents before they reach clients
  • Anticipate market trends and client needs
  • Participate in national Health & Benefit development initiatives

Benefits

  • Opportunities for professional development and growth
  • Collaborative team environment
  • Exposure to diverse client projects
  • Flexibility to adapt to changing priorities
  • Involvement in national initiatives within the firm
Full Job Description
Job Summary:

LocktonDunning Benefitsis currently seeking a Health and Welfare Actuary . This position will support the Health and Welfare clients of Lockton Dunning Benefits.The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility toeasilyadapt to changing priorities.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES

  • Leveraged role focused on delivery high quality consulting and actuarial work to clients, leading to maintenance and growth of the client portfolio.
  • Perform advanced financial and actuarial consulting, experience with broader client leadership a plus.
  • Lead and/or support actuarial team and provide technical coaching to other team members.
  • Serve as lead or supporting financial expert in client meetings.
  • Actively engage in peer review: have documents reviewed before going to client and review others to ensure high quality.
  • Leverage expertise locally to other actuaries, actuarial students, and other H&B consultants
  • Maintain knowledge of industry, market, and competition; anticipate external market trends, internal H&B needs and/or client needs.
  • As appropriate, take leadership or supporting role in national Health & Benefit development initiatives (e.g., practice team focused on efficiency, quality, new product development, people strategies, etc.) and broader firm-wide initiatives (e.g., management effective assessment, cross LOB integration activities, etc.)
  • Responsible forstrategy development and costing of scenariosrelated to strategydiscussions.
  • Handlesbenchmarking discussions with clients, including strategy development.
  • Responsible for price alternative plan designs and define product strategy.
  • Project savings/costs related to plan design or provider network changes.
  • Setsbudget rates for self-insured plans.
  • Responsible for employee contribution rate development.
  • Perform IBNR reserve development.
  • Develop and deploy models to evaluate cost-savingscenarios.
  • Mentor and delegate work to actuarial assistant
  • Budget and forecasting
  • Projection and other financial modeling related to health carereform.
  • Benefit expense estimates for proposed benefit designs
  • Medical reserve estimates and year-end actuarial certifications


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Requirements:

  • At least five years of relevant health actuarial consulting and/or health plan/insurance company experience
  • Bachelor's degree (graduate's degree preferred)
  • FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required.
  • Ability to work independently; must be motivated with strong oral and written communication skills.
  • Ability to work on multiple types of projects at one time.
  • Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment.
  • Strong presentation skills with ability to participate in client meetings, presentations and new business opportunities.
  • Team player
  • Strong client presence with project management, presentation, and facilitation skills
  • Well-organized with the ability to handle several projects/clients simultaneously.
  • Strong oral and written communication skills
  • Dedicated work ethic with a commitment to client service excellence

About Lockton

Lockton Companies is the world's largest privately held insurance brokerage firm, providing insurance, risk management, employee benefits and retirement services. The company was founded in 1966 and is headquartered in Kansas City, Missouri. Lockton has more than 7,500 associates in over 100 offices worldwide. The company serves clients in a variety of industries, including construction, healthcare, hospitality, manufacturing, real estate, and technology. Lockton is known for its innovative solutions and exceptional customer service.
Learn more about Lockton
Size
7,500 employees
Industry
Finance & Insurance
Founded
1966
* Ladders Estimates

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