Actuarial Analyst/Underwriter-Associate
About The Position
This position is a dual role position, supporting both the Actuarial Services and Underwriting departments. When supporting Actuarial Services, the candidate will perform functions under the direct supervision of the Director of Actuarial Services & Underwriting. The individual will provide a full scope of actuarial and statistical analyses, on a project specific basis. When supporting Underwriting, the individual will perform functions under the direct supervision of the Manager of Underwriting. The individual will provide a full scope of underwriting risk analyses, for both renewal and new large group business. The position requires working collaboration with other team members, other business units, Finance and Sales. This role requires strong analytical skills. The individual will assist in the development and implementation of process improvements.
Requirements
- Bachelor’s degree required in Mathematics, Statistics, Actuarial Sciences, or related field.
- Excellent oral and written communication skills.
- Demonstrated self-motivation and initiative, as well as an ability to perform under pressure.
- Strong interpersonal skills.
- Strong organizational skills and ability to prioritize, multitask, and work in fast paced environment.
- Proficient PC skills in a Windows environment.
Nice To Haves
- Completion of Fundamentals of Health Insurance (part A) desired.
- Experience in Underwriting or a related business field preferred.
- Completion of at least one Society of Actuaries exam preferred.
- Prior business experience is preferred.
- Advanced knowledge of Excel, Access and other analytic or query tools preferred.
Responsibilities
- Prepare data and analyze for regulatory reporting and for audits.
- Assist in the preparation of fully insured renewal group benefit packages, including analysis of cost drivers.
- Assist in the risk evaluation and rate development for new business.
- Ensure overall data integrity and timeliness of delivery of quotes and renewals.
- Maintain organized files on assigned book of business.
- Work with Finance to provide reports for various financial statement items.
- Maintain effective and informative communication with internal and external (brokers, employer groups, etc.) customers.
- Supports analysis of regulatory changes and the impact on product profitability.
- Assist in the preparation of ad hoc financial and analytical reports.
- Monitor timeliness and accuracy of responsibilities under assigned book of business.
- Develop actual versus budgeted trend reports.
- Develop membership and maintain monthly membership reports.
- Support analysis of regulatory changes and the impact on product profitability.
- Monitor product performance and focus on what is driving cost and utilization.
- Develop ad hoc reports as a supplement to routine management reports through query building and data extraction.
- Propose and assist in development of process improvements and automation within the department.
- Ensure overall data integrity.
- Participate in team training and development.
- Participate in projects and cross functional teams.
- Perform other functions as assigned by management.
Benefits
- full range of benefits
- generous paid time off
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
