Actuarial Analyst III at Elevance Health performing diverse projects and complex actuarial studies. Collaborating with leadership on actuarial modeling and training of associates in a hybrid work environment.
About the role
- AVP, Senior Actuary Manager leading pricing strategy for Supplemental Health products with Voya Financial. Manage actuarial team and oversee financial analysis, product design, and risk management.
Responsibilities
- Pricing and Product Design – Project revenue, claims, expenses, reserves, and commissions. Set assumptions/parameters, quantify risk, and analyze under various scenarios.
- Financial Planning Support – Project financials, including claims, reserves, expenses, and earnings. Perform actuarial analysis to explain variances and evaluate plan performance.
- Reserve Liability Valuation/Loss Reserving – Support valuation team in assessing impacts of market pricing and underwriting decisions on reserves.
- Risk Analysis/Management – Review product design, assumptions, pricing models, financial results, and key risks for new and existing products. Perform internal risk reporting and assist in developing risk appetite recommendations.
- Data and Analytics – Partner with Data & Analytics to define and maintain analytic data and model requirements to support analysis of emerging trends across the value stream. Collaborate with management information, underwriting, product development, product management, financial reporting, compliance, expense management, marketing support, and compensation. Direct projects when assigned.
Requirements
- Significant experience in the Supplemental Health market with a solid understanding of insurance products.
- Bachelor’s degree in Mathematics, Actuarial Science, Finance, or related discipline.
- 10+ years of financial, insurance industry, or actuarial experience.
- Associate or Fellow of the Society of Actuaries.
- Highly analytical, detail-oriented, with strong problem-solving skills.
- 3+ years of managerial experience leading a team of skilled actuarial professionals.
- Ability to balance “big picture” strategy with detailed execution.
- Strong communication and presentation skills, including to executive audiences.
- Ability to plan and coordinate large-scale initiatives and manage competing priorities.
- Proven ability to lead, drive change, overcome obstacles, and deliver results.
Benefits
- Health, dental, vision and life insurance plans
- 401(k) Savings plan – with generous company matching contributions (up to 6%)
- Voya Retirement Plan – employer paid cash balance retirement plan (4%)
- Tuition reimbursement up to $5,250/year
- Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
- Paid volunteer time — 40 hours per calendar year
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