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.
HC
Hybrid Director – Actuary, Valuation
Posted 2 months ago
About the role
- Director & Actuary leads HSB’s Valuation team and financial reporting for Medicare Supplement products. Overseeing annual actuarial statements and coaching actuaries and analysts for operational success.
Responsibilities
- Serve as Appointed Actuary for HSB Legal Entities, coordinating all annual actuarial statement deliverables.
- Establish monthly balances for claim and policy liabilities/assets including IBNR, UEP, ALR, and DAC.
- Determine and explain drivers of earnings variances related to premium, claims, and reserves on a monthly cycle.
- Complete testing related to Stat and GAAP reporting requirements including Annual Statement reporting, Cash Flow Testing, DAC Recoverability Testing, and Loss Recognition Testing.
- Update and implement reserving/financial processes to coincide with new product and Medicare Supplement charter launches.
- Own and execute Sarbanes-Oxley controls and other governance processes.
- Lead project management of FASB Long Duration Targeted Improvements including methodology/process changes, understanding impacts, annual unlocking and communication of impacts.
- Lead actuarial valuation team and effective ongoing management of valuation functions. Coach and develop talent across team of actuaries and financial analysts.
- Partner with other leaders in Actuarial team and across HSB to drive towards successful outcomes and achievement of strategic objectives. Develop and provide unique insights that support and enable achievement of such goals.
Requirements
- Bachelor degree in Actuarial Science, Mathematics, Statistics or Economics. Other Bachelor (or higher) Degrees may be considered.
- Fellow of the Society of Actuaries (FSA) and Membership in the American Academy of Actuaries (MAAA). In place of attainment of FSA, 4 years of actuarial experience in the health insurance field at the ASA level may be substituted.
- At least 7 years of actuarial experience in the health insurance or related field.
- Verbal and written communications skills to prepare effective documentation, facilitate training and development, and participate in presentations.
- PC proficiency to include Word and Excel.
Benefits
- Health insurance
- 401(k) savings plan
- Pension plan
- Paid time off
- Paid parental leave
- Disability insurance
- Supplemental life insurance
- Employee assistance program
- Paid holidays
- Tuition reimbursement
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