PHONE: (630) 963-3033 | FAX: (630) 963-3170
Our client is currently seeking an AVP, Health and Welfare Actuary.
JOB DUTIES AND RESPONSIBILITIES
Leveraged role focused on delivering 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. 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 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. 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.
Qualifications:
At least three years of relevant health actuarial consulting and/or health plan/insurance company experience. Bachelor’s degree (graduate’s degree preferred). ASA/FSA (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. Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment. Strong client presence with project management, presentation, and facilitation skills. Well-organized with the ability to handle several projects/clients simultaneously.
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