Job Summary:
Lockton Dunning Benefits is currently seeking a VP, 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 to easily adapt 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 for strategy development and costing of scenarios related to strategy discussions.
• Handles benchmarking 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.
• Sets budget rates for self-insured plans.
• Responsible for employee contribution rate development.
• Perform IBNR reserve development.
• Develop and deploy models to evaluate cost-saving scenarios.
• Mentor and delegate work to actuarial assistant
• Budget and forecasting
• Projection and other financial modeling related to health care reform.
• 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
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