Manager Actuarial

Description

JOB SUMMARY

• The Manager Actuarial is responsible for overseeing assigned actuarial staff and projects; for hiring and training actuarial staff;
• providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales; assisting senior management decision makers by providing specialized reports and analysis of data on both a routine and ad hoc basis;

and is accountable for developing employees, preparing rate filings, providing actuarial support for financial forecasts, and monitoring financial results.

ESSENTIAL RESPONSIBILITIES

• 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.

EDUCATION

Required

Bachelor's Degree

Substitutions

None

Preferred

Bachelor’s degree in Actuarial Science, Mathematics, or Statistics

EXPERIENCE

Required

• 5 years in the Actuarial field
• 2 years in a management role or leading teams

Preferred

7 years in the Actuarial field

LICENSES or CERTIFICATIONS

Required

• Associate of Society of Actuaries (ASA)
• Pursuing Fellowship of Society of Actuaries (FSA)

Preferred

• Completion of two FSA-level exam components
• Member of the American Academy of Actuaries

SKILLS

• 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

Language (Other than English) :

None

Travel Requirement : 0% - 25%

0% - 25%

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office-based

Teaches / trains others regularly

Regularly

Travel regularly from the office to various work sites or from site-to-site

Occasionally

Works primarily out-of-the office selling products / services (sales employees)

Never

Physical work site required

Lifting : up to 10 pounds

Constantly

Lifting : 10 to 25 pounds

Occasionally

Lifting : 25 to 50 pounds

Never

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, age, 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, age, 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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