Director Actuarial Services

Highmark Health • PA, Working at Home - Pennsylvania, WA

2d • $169,500 - $286,700 • Onsite

About The Position

This job is responsible for the overall management and technical oversight of an actuarial staff (fellows, associates, actuarial candidates, and/or support personnel) where activities are concerned with pricing and rate development; overseeing assigned actuarial staff and projects and developing and implementing sound actuarial policies and practices to help Highmark meet its financial objectives; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales.

Requirements

• Bachelor’s Degree, with a strong emphasis in Actuarial Science, Mathematics and Statistics
• Minimum 8 years in an Actuarial role
• 5 years in a management role and/or leading teams and/or projects of varying size and complexity
• Attainment of the ASA or ACAS (Associate) designation AND pursuing FSA or FCAS (Fellowship) designation in the Society of Actuaries or Casualty Actuarial Society
• Member of the American Academy of Actuaries (MAAA)
• Ability to apply extensive knowledge of actuarial methods and procedures
• Strong supervisory, communication, organization and project management skills
• In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development

Nice To Haves

• Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics
• 10 years in an Actuarial role
• Attainment of FSA or FCAS (Fellowship) in the Society of Actuaries or Casualty Actuarial Society

Responsibilities

• Perform management responsibilities to include, but are not limited to: involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.
• Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
• Oversee the preparation of rate filings for large group, small group, direct pay, or senior products.
• Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business.
• Ensure that all strategies are in compliance with rate filings and applicable regulations.
• Provide advanced support for the claim reserve process.
• Provide assistance and risk management to the Product Management and Development area for pricing development of new products.
• Ensure that all new products are financially viable and stable.
• Determine underlying factors impacting pure premium trends for various products and regions.
• Monitor trends for use in rating.
• Identify any shifts in trend and take appropriate pricing actions.
• Other duties as assigned or requested.

Benefits

• Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

What This Job Offers

• Job Type: Full-time
• Career Level: Director