Actuarial Liaison II
About The Position
The Actuarial Liaison II is responsible for supporting rate and pricing related aspects of the development, implementation, and ongoing management of FSL’s group health and life insurance products in accordance with FSL’s objectives. This includes coordinating the development and modification of rates for health and life insurance products through interaction with contracted outside actuaries/actuarial firms, FSL’s marketing partners, and internal actuarial, underwriting, administration, and marketing staff. This also may include interaction with internal compliance staff and State Departments of Insurance regarding rate compliance for FSL’s group health and life insurance products. The Actuarial Liaison II position requires a higher level of independence than Actuarial Liaison I.
Requirements
- Proficient use of Microsoft Office software, including Word and Excel
- Excellent organization, math, critical thinking, and problem-solving skills
- Strong communication skills with customer service orientation
- Strong research skills (search, investigation, and critical analysis)
- Experience with researching state rate filing and compliance requirements
- Can identify the key components of actuarial memorandums for life and supplemental health insurance products
- Self-Motivated/Self-Starter
- Detailed, Accurate, and Efficient
- Successfully interacts with external clients and internal departments at all organizational levels
- Capability to see projects in totality and ensure team-oriented success in a complete and timely manner
- Bachelor's degree
- Working knowledge of supplemental health, disability and life insurance product pricing, design, compliance, and implementation concerns
- Expert in use of Microsoft Excel
- 2+ years of experience working with Insurance Rate Compliance
Nice To Haves
- Successful completion of mathematics coursework preferred
- Successful completion of actuarial science coursework beneficial
Responsibilities
- Coordinate and communicate FSL’s health and life insurance pricing and product evaluation activities with actuarial consultants
- Prepare generic and state specific actuarial memoranda and rate filing documents for pricing actuaries to review and sign
- Assist with state rate filings and responses to state objection letters
- Update the department’s documentation of rate and actuarial material filings and conditions of approval
- Ensure rate related documents are organized and saved in the department’s electronic product folders
- Build, modify, and test rate calculators and spreadsheets
- Calculate and prepare gross premiums upon request
- Assist with coordinating the development and implementation of quoting software and other tools by external parties
- Assist with ensuring department created rating tools are easily identified and up to date based on current rates, state availability, and regulations
- Assist in training new Actuarial Liaison and other support staff
- Research and document state insurance department rate filing requirements
- Prioritize assigned projects and deadlines
- Provide management with regular updates on status of assigned tasks
- Clear, concise, and professional communications
- Accurate and timely completion of work
Benefits
- company-paid medical
- STD
- LTD
- life insurance
- voluntary dental
- vision
- voluntary life/AD&D insurance
- 401(k) with company matching
- generous paid time off
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
