Health Benefits Actuarial Consultant

Community Financial System, Inc.•Syracuse, NY

19d

About The Position

The Health Benefits Actuarial Consultant works within BPAS’s Health Benefit Consulting Services practice, supporting health and benefit programs for mid- to large-size clients. The role performs actuarial valuations and analyzes the financial implications of active and retiree health benefit programs, while advising clients on plan design, funding, pricing, administration, and compliance. It also involves developing rates and reserves, preparing and communicating analysis, managing projects, and identifying sales and cross-selling opportunities. The position requires an actuarial credential, a relevant bachelor’s degree, and at least eight years of experience. Compensation is commensurate with experience, with a stated annual salary range of $80,000 to $139,633.

Requirements

Bachelor’s degree from an accredited college or university, majoring in Mathematics, Statistics, Actuarial Science, Economics, or another related field.
ASA or FSA credential.
At least 8 years of experience.
Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices.
Strong analytical, technical, and problem-solving skills.
Excellent communication skills and a client-service mentality.
Attention to detail, organization, and ability to prioritize in a rapidly changing environment.
Ability to manage multiple projects simultaneously and deliver high-quality work on time.
Ability to work independently and collaboratively with a team.
Project management experience and aptitude for training, mentoring, and reviewing entry-level actuarial analysts.
Strong written and oral communication skills; ability to prioritize and multitask; and ability to analyze issues and implement or propose solutions.
High competency with Microsoft Word and Excel, personal computers, and industry-specific software.

Nice To Haves

GASB 75 retiree health valuation experience.

Responsibilities

Perform actuarial valuations, including development of retiree-specific claims costs, in accordance with applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and statutory accounting.
Analyze financial implications of active and retiree health benefit programs, including actuarial cost projections for alternative plan designs, contribution strategies, and plan administration.
Advise clients regarding state and federal statutory, regulatory, and other compliance-related issues.
Develop active- and retiree-specific premium equivalent rates for budgeting and COBRA administration.
Develop claims reserves for self-insured plans.
Use valuation software, programming, Microsoft Office, standardized spreadsheet tools, and customized models for special projects.
Interface with clients and communicate analysis verbally and through written reports.
Identify opportunities for new sales or cross-selling.
Manage multiple projects and produce high-quality deliverables in a timely manner.
Train, mentor, and review the work of entry-level actuarial analysts.
Analyze problems and issues, implement solutions, or present possible solutions to a supervisor.