What are the responsibilities and job description for the Actuarial Analyst position at Tokio Marine HCC – A&H Group?
Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion. Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work.
TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.
As part of the Tokio Marine HCC – A&H Group (TMHCC) actuarial department, this position provides support for the various regional underwriting units including, but not limited to, reinsurance and pricing support, budget support, and providing key statistics, analyses and results for our medical stop loss and other related businesses.
Key Responsibilities
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TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.
- This role is hybrid near one of the following office locations Kennesaw, GA, New York, NY, and Minnetonka, MN.*
As part of the Tokio Marine HCC – A&H Group (TMHCC) actuarial department, this position provides support for the various regional underwriting units including, but not limited to, reinsurance and pricing support, budget support, and providing key statistics, analyses and results for our medical stop loss and other related businesses.
Key Responsibilities
- Analyze claims and premium information in support of actuarial assignments.
- Dependent on need, analyze data for other tasks, such as pricing and reserving work, annual statement schedules, provider network evaluations, and state-required documents.
- Analyze and evaluate various lines of business to project loss ratios for future business including producing reports for underwriting, management, or reinsurers.
- Support merger and acquisition efforts as required.
- Analyze claims and premium information in support of actuarial assignments.
- Dependent on need, analyze data for other tasks, such as pricing and reserving work, annual statement schedules, provider network evaluations, and state-required documents.
- Analyze and evaluate various lines of business to project loss ratios for future business including producing reports for underwriting, management, or reinsurers.
- Support merger and acquisition efforts as required.
- Minimum 4 Year / Bachelor’s Degree Actuarial Science, Mathematics, Statistics, a related field, or the equivalent education and/or experience.
- Minimum 3 actuarial exams
- 2 Years Relevant and progressive professional experience
- Ability to apply knowledge of principles, practices, and procedures
- Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
- Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
- Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word) and SQL
- Beginner proficiency with programming languages such as Python and R is a plus
- Generous paid time off (PTO), 12 paid company holidays,
- 401(k) Retirement Plan with 6% company match.
- Health and dental insurance, and vision plan available.
- Company-provided long-term disability and life insurance.
- Opportunities for advancement in a successful and growing organization.
- Flexible work schedules and a great work/life balance.
- Paid Parental Leave.
- Volunteer Time Off.
- Enjoy casual dress and work in a modern, comfortable office with free parking.
- Hybrid work schedule
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