Actuarial Manager - Health

Ryan Specialty•Denver, CO

8d•$144,000 - $180,000

About The Position

Position Summary . This role is responsible for executing on the primary goals of the area which ensure the achievement of financial goals by analyzing and forecasting potential risks, liabilities, and financial outcomes. This role will collaborate with underwriting, finance, and clinical teams in support of our goals. What will your job entail? Job Responsibilities: Maintenance and improvement of pricing and rating tools for existing programs including ongoing initiatives to enable standardization and automation across underwriting, data collection, and reporting Collaborate closely with the Underwriting team in the evaluation and determination of appropriate rates and factors for new and renewal business Work with the Finance and Underwriting teams to understand key costs drivers and trends in the business Work with carrier partners around program results and underwriting Develop and refine healthcare cost models, utilization trends, and risk assessments using advanced actuarial techniques Be a resource for the clinical team evaluating risks in the stop-loss market Work to improve portfolio management analytics shared with executive team. Product development – industry, peer, and market analyses to support new initiatives. Support initiatives to drive strategy around the use of technology, external data, and the collection and organization of enterprise data. Supports the development of innovative insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends. Development and training of colleagues, as needed Maintains, expands, and applies knowledge of the insurance industry, actuarial trends, market conditions, and competitor information.

Requirements

Bachelor's degree in actuarial science, mathematics, finance, statistics, economics or related field
6+ years of experience
Minimum of an ASA designation from the Society of Actuaries (or equivalent)
Ability to work independently to solve complex challenges
Proficient with data manipulation, analytics, modeling, and visualization tools (e.g., SQL, SAS, Power BI, Tableau, R, Python)
Strong interpersonal skills (written and verbal)
Committed team player
Strong attention to detail
Ability to solve problems creatively by asking questions and exploring solutions
Willingness to get involved at all levels / all aspects of the process as necessary

Responsibilities

Maintenance and improvement of pricing and rating tools for existing programs including ongoing initiatives to enable standardization and automation across underwriting, data collection, and reporting
Collaborate closely with the Underwriting team in the evaluation and determination of appropriate rates and factors for new and renewal business
Work with the Finance and Underwriting teams to understand key costs drivers and trends in the business
Work with carrier partners around program results and underwriting
Develop and refine healthcare cost models, utilization trends, and risk assessments using advanced actuarial techniques
Be a resource for the clinical team evaluating risks in the stop-loss market
Work to improve portfolio management analytics shared with executive team.
Product development – industry, peer, and market analyses to support new initiatives.
Support initiatives to drive strategy around the use of technology, external data, and the collection and organization of enterprise data.
Supports the development of innovative insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
Development and training of colleagues, as needed
Maintains, expands, and applies knowledge of the insurance industry, actuarial trends, market conditions, and competitor information.