Health and Welfare Actuary

Lockton•Dallas, TX

About The Position

Lockton Dunning Benefits is currently seeking a Health and Welfare Actuary. This position will support the Health and Welfare clients of Lockton Dunning Benefits. The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.

Requirements

At least five years of relevant health actuarial consulting and/or health plan/insurance company experience
Bachelor’s degree (graduate’s degree preferred)
FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required.
Ability to work independently; must be motivated with strong oral and written communication skills.
Ability to work on multiple types of projects at one time.
Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment.
Strong presentation skills with ability to participate in client meetings, presentations and new business opportunities.
Team player
Strong client presence with project management, presentation, and facilitation skills
Well-organized with the ability to handle several projects/clients simultaneously.
Strong oral and written communication skills
Dedicated work ethic with a commitment to client service excellence

Nice To Haves

experience with broader client leadership a plus
graduate’s degree preferred

Responsibilities

Leveraged role focused on delivery high quality consulting and actuarial work to clients, leading to maintenance and growth of the client portfolio.
Perform advanced financial and actuarial consulting, experience with broader client leadership a plus.
Lead and/or support actuarial team and provide technical coaching to other team members.
Serve as lead or supporting financial expert in client meetings.
Actively engage in peer review: have documents reviewed before going to client and review others to ensure high quality.
Leverage expertise locally to other actuaries, actuarial students, and other H&B consultants
Maintain knowledge of industry, market, and competition; anticipate external market trends, internal H&B needs and/or client needs.
As appropriate, take leadership or supporting role in national Health & Benefit development initiatives (e.g., practice team focused on efficiency, quality, new product development, people strategies, etc.) and broader firm-wide initiatives (e.g., management effective assessment, cross LOB integration activities, etc.)
Responsible for strategy development and costing of scenarios related to strategy discussions.
Handles benchmarking discussions with clients, including strategy development.
Responsible for price alternative plan designs and define product strategy.
Project savings/costs related to plan design or provider network changes.
Sets budget rates for self-insured plans.
Responsible for employee contribution rate development.
Perform IBNR reserve development.
Develop and deploy models to evaluate cost-saving scenarios.
Mentor and delegate work to actuarial assistant
Budget and forecasting
Projection and other financial modeling related to health care reform.
Benefit expense estimates for proposed benefit designs
Medical reserve estimates and year-end actuarial certifications