What are the responsibilities and job description for the Lead Actuary - Employee Benefits position at allianthcm?
SUMMARY
Responsible for conducting analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, and principles of finance and business to calculations in life, health, social and casualty insurance, annuities, and pensions.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Performs quality assurance checks/peer reviews on the work of other team members/departments.
Reviews and evaluates existing procedures and operations in assigned area; makes recommendations regarding improvements.
Manages key actuarial initiatives while providing thought leadership and strategic guidance.
Trains or provides guidance to team members.
Presents actuarial findings to HR executives, CFOs, and Benefits Committees to support strategic decision-making.
Provides actuarial insights on employee trends, benefits utilization, and workforce demographics to inform benefit program designs.
Evaluates carrier pricing and risk assumptions to drive cost savings in benefits purchasing.
Conducts claims analysis, experience rating, and actuarial modeling to assess financial risks associated with employer-sponsored benefit plans.
Develops actuarial projections for medical, dental, disability, and life insurance benefits to estimate liabilities and cost trends.
Infrequent travel required 10% - 20% of the time.
Performs all duties in accordance with all company policies and procedures, and all federal, state and local laws, wherein the Company operates.
Performs other duties as assigned.
QUALIFICATIONS
EDUCATION / EXPERIENCE
Bachelor's Degree in Actuarial Science, Mathematics, Statistics or related quantitative field
Fifteen (15) or more years related work experience
Fellowship in the Casualty Actuarial Society (FCAS)
Fellowship in the Society of Actuaries (FSA)
SKILLS
Excellent verbal and written communication and presentation skills
Proven ability to apply actuarial techniques and standards to complex business problems
Excellent planning, organizational, and prioritization skills
Excellent analytical, problem solving and time management skills
Possess high level of accuracy and attention to detail
Ability to work independently and within a team and to foster teamwork
Advanced knowledge of insurance or financial principles and concepts
Proficient in Microsoft Office products; expert level in Excel
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