Manager - Actuarial

Highmark   •  

Pittsburgh, PA

Industry: Finance & Insurance


5 - 7 years

Posted 45 days ago

Company :

Highmark Health

Job Description :

General Overview:

The Actuarial Manager will hire, supervise, train, and develop actuarial and analytic staff while utilizing advanced industry knowledge and actuarial analysis to ensure their department objectives and goals are achieved in a timely and efficient manner. As part of the second largest Integrated Delivery & Financing System in the nation, the Actuarial Manager will provide specialized reports and actuarial analyses on both a routine and ad hoc basis, and will provide technical support for internal customers (such as Product Management & Development, Underwriting & Rating, Contracting, Sales, and Physicians). The incumbent will present to senior leadership and assist in decision making, and is also accountable for providing actuarial support for financial forecasts and monitoring financial results.

Essential Job Functions:
  • Communicate effectively.
  • Supervise entry-level and mid-level actuarial staff.
  • Prepare rate filings for large group, small group, direct pay, or senior products.
  • Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business. Ensure that all strategies are in compliance with rate filings and applicable regulations.
  • Provide advanced support for the claim reserve process.
  • Provide assistance and risk management to the Product Management and Development area for pricing development of new products. Ensure that all new products are financially viable and stable.
  • Determine underlying factors impacting pure premium trends for various products and regions. Monitor trends for use in rating. Identify any shifts in trend and take appropriate pricing actions.
  • Other duties as assigned or requested.

Minimum Qualifications:
  • Bachelor's degree
  • 5 or more years of experience in the Actuarial field
  • 2 or more years of management experience and/or experience leading teams and/or projects of varying size and complexity
  • Attainment of the ASA (Associate) designation in the Society of Actuaries
  • Must be committed to pursuing actuarial exams and obtaining Fellowship in the Society of Actuaries

Preferred Qualifications:
  • Bachelor's degree in Actuarial Science, Mathematics, or Statistics
  • 7 or more years of actuarial experience
  • Completion of two FSA-level exam components
  • Member of the American Academy of Actuaries

Knowledge, Skills and Abilities:
  • Ability to apply extensive knowledge of actuarial methods and procedures
  • Strong supervisory, communication, organization and project management skills
  • In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development

Referral Bonus: Level 4


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/Protected Veterans/Disabled/Sexual Orientation/Gender Identity ( )

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Total Rewards Program
In addition to competitive pay rates and flexible career growth, we show our employee appreciation through a comprehensive Total Rewards package, including:
  • Medical and prescription drug, dental and vision coverages, including family and domestic partners
  • Health Saving and Flexible Spending Accounts
  • Life, AD&D and disability insurance
  • Retirement benefits
  • Paid time off, including paid holidays and a volunteer day
  • Tuition reimbursement
  • Volunteer opportunities
  • Work/life programs, including Employee Assistance Plans

Wellness Resources and Programs
Employees have access to the following wellness programs and resources:
  • Onsite employee health center with same-day sick appointments, physical therapy and pharmacy services at major campuses
  • 24/7 telephone access to health and wellness coaching to achieve personal goals
  • Fitness center access for all employees inclusive of showers, lockers, and group exercise classes at major campuses
  • 100% coverage for preventive exams, including onsite flu shots
  • Incentive program that rewards employees with reduced health insurance premiums
  • Onsite chef-led cooking classes and tastings at major campuses
  • Departmental physical activity challenges to build camaraderie and reward employees
  • Sit-to-stand workstations, as well as personal ergonomic desk consultations
  • Onsite seated massage and stress management classes, including yoga and meditation at major campuses
  • Work-life resources, such as employee discounts and financial counseling services
  • Secure bicycle parking at major campuses
  • Environmentally healthy workplace, including energy-efficient buildings and eco-friendly product use