What are the responsibilities and job description for the AIA - Employee Benefits Actuarial Consultant position at Alera Group, Inc.?
Overview
Alera Group is looking for an Employee Benefits Actuarial Consultant – joining us may be the perfect fit for you!
Alera Group was founded in 2017 and has grown to become the 15th largest broker of US business (Business Insurance, July 2024). We are passionate about our clients’ success in the areas of Employee Benefits, Property and Casualty Insurance, Retirement Plan Services, and Wealth Services. With a network of offices nationwide, our commitment to collaboration allows us to offer national resources combined with local service.
The Senior Employee Benefits Actuary/Underwriter is a key member of our client account team, working closely with the Consultant and Producer to deliver highly competent client service. They will assist with a variety of projects and assist in guiding clients as they manage all financial aspects of their health and welfare benefits plans.
Responsibilities
In this role, you will lead and support financial modeling, budgeting, and renewal projections while also reviewing and monitoring ongoing plan performance to ensure quality client deliverables. A robust understanding of financial tools and workbooks is essential, as you will be responsible for tasks such as analyzing data, conducting due diligence for new business efforts, and supporting key internal processes to deliver client-facing services. Additionally, you will build and maintain positive relationships with both internal teams and external partners, including clients, insurance carriers, and vendors.
- Financial Modeling & Analysis: Develop budgets, renewal projections, and conduct due diligence for new business and client projects.
- Self-Funded Plan Support: Calculate premium equivalent rates, assess feasibility, and review mergers/acquisitions.
- Stop-Loss & Compliance: Lead contract negotiations, renewals, and calculate regulatory fees (e.g., PCORI).
- Benchmarking & Data Analytics: Analyze benefit package strengths and provide data-driven recommendations.
- Employee Cost & Impact Analysis: Model contributions, assess benefit adjustments, and support strategic decision-making.
Qualifications
- 3 years of relevant work experience, required.
- PA Life and Health License (preferred and maintained as current)
- Bachelors degree or equivalent experience
- Proven history of self-direction, creativity, and ability to meet deadlines
- Excellent working knowledge of MS Office Suite (Word, PowerPoint, Outlook) with expert knowledge of Excel
- Ability to work well in a fast paced, high pressure environment
- Potential travel to service clients
Additional Information
This is a regionally remote position, as there could be need to travel into the office.
Alera Group offers comprehensive benefits to our colleagues, including medical, dental, life and disability insurance, 401k, generous paid time off and much more.
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
If you're a California resident, please read the California Consumer Privacy Act prior to applying.
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