Job Description
The Principal Actuary will apply advanced knowledge of mathematics, probability, statistics, health insurance, and principles of business in order to provide assistance and technical support for extensive and more complex rating/pricing, valuation, and financial forecasting. Works with a team of actuaries to assure a coordinated approach to the actuarial components of health programs. Provides actuarial support to Network Management, Underwriting, and Sales and Marketing. May have team leadership responsibilities, especially on specific projects.
- Actively contributes to the success of the Actuarial Services team.
- Responsible for handling highly complex actuarial modeling.
- Leads and/or provides consultative support to assigned projects and is viewed as an expert in the field.
- Assists in Rating/Pricing.
- Develop/Maintain rating models.
- Perform Medical Trend analysis.
- Support Administrative Expense factor development.
- Conduct Experience Studies.
- Conduct Rating Factor Studies.
- Support Rate Filing development.
- Assists in support for Financial Forecasting.
- Works with FP&A to support development of Plan forecast for assigned segments.
- Assists in support for Network Management.
- Support evaluation of financial impacts of provider contract changes.
- Assists in support for Underwriting (all segments).
- Provide ad hoc support for underwriting requests.
- Assists in support for Sales and Marketing.
- Provide support for new product development.
- Provide support for new/existing product programs.
- Responsible for maintaining continuing education requirements as set by the appropriate Actuarial governing body (i.e. Society of Actuaries).
- Is a participant in good standing in the Actuarial Development Program, if still pursuing the FSA designation.
Hiring Requirements
- Bachelor's degree or advanced degree (where required).
- Associate of the Society of Actuaries (ASA) and Member of the American Academy of Actuaries (MAAA).
- 5+ years of experience in related field.
- In lieu of an ASA, alternate actuarial credentials may be considered.
- In lieu of 5 years of experience, may consider candidates who are Fellows of the Society of Actuaries (FSA).
Preferred Skills/Experience
- ACA pricing experience.
- Healthcare pricing experience.
Salary Range
$91,100.00 - $164,000.00
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