ResponsibilitiesThe candidate will work within our Health Benefit Consulting Services practice on the health and benefit programs of mid-large size clients.
Essential Skills:
- Perform actuarial valuations, including development of retiree-specific claims costs, following applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and Statutory accounting
- Analyze financial implications associated with active and retiree health benefits programs, including actuarial cost projections for alternative plan designs, contribution strategies, and plan administration
- Strong knowledge of Health & Welfare plan designs, funding arrangements, pricing strategies, provider networks, and competitive market practices
- Advise clients regarding state and federal statutory, regulatory, and other compliance related issues
- Develop active and retiree-specific premium equivalent rates for budgeting and COBRA administration
- Develop claims reserves for self-insured plans
- Utilize valuation software and programming as well as Microsoft Office suite
- Utilize standardized spreadsheet tools and develop customized models for special projects
- Interface with clients and communicate resulting analysis both verbally and via written reports
- Identify opportunities for new sales or cross-selling potential
Qualifications- Minimum of a Bachelor's degree from an accredited college or university with a major in Mathematics, Statistics, Actuarial Science, Economics or other related field
- ASA or FSA credentials
- Minimum 8 years experience with GASB 75 retiree health valuation experience preferred
- Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices
- Strong analytical, technical, and problem solving skills
- Excellent communication skills and client service mentality
- Attention to detail, organization, and ability to prioritize in a rapidly changing environment
- Ability to manage multiple projects simultaneously and produce high-quality deliverables in a timely manner
- Conscientious, self-motivated, and able to work independently as well as collaboratively with a team
Project management experience and aptitude to train, mentor, and review work of entry level actuarial analysts
Competencies:- Well-developed written and oral communication skills
- Ability to be highly organized and show an attention to detail
- Ability to prioritize work assignments and multitask
- Analyze problems and issues and implement solutions or present possible solutions to supervisor
- Display a high level competency with Microsoft Word and Excel, as well as personal computer skills and other industry specific software
Other Job InformationCompensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
MinimumUSD $80,000.00/Yr.
MaximumUSD $139,633.00/Yr.
