Health Benefits Actuarial Consultant

Community Financial System, Inc.•Syracuse, NY

56d•Hybrid

About The Position

BPAS Actuarial and Pension Services seeks candidates for the position of Healthcare Actuarial Consultant. This role involves working within the Health Benefit Consulting Services practice, focusing on the health and benefit programs of mid-to-large size clients. Consultants are expected to demonstrate quality, depth of experience, and dedication to excellence. The company consults with executives at over 800 companies, non-profit institutions, and government agencies nationwide, serving clients ranging from 1 to 20,000 employees.

Requirements

Minimum of a Bachelor’s degree from an accredited college or university with a major in Mathematics, Statistics, Actuarial Science, Economics or other related field.
ASA or FSA credentials.
Minimum 8 years experience with GASB 75 retiree health valuation experience preferred.
Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices.
Strong analytical, technical, and problem solving skills.
Excellent communication skills and client service mentality.
Attention to detail, organization, and ability to prioritize in a rapidly changing environment.
Ability to manage multiple projects simultaneously and produce high-quality deliverables in a timely manner.
Conscientious, self-motivated, and able to work independently as well as collaboratively with a team.
Project management experience and aptitude to train, mentor, and review work of entry level actuarial analysts.
Well-developed written and oral communication skills.
Ability to be highly organized and show an attention to detail.
Ability to prioritize work assignments and multitask.
Analyze problems and issues and implement solutions or present possible solutions to supervisor.
Display a high level competency with Microsoft Word and Excel, as well as personal computer skills and other industry specific software.

Nice To Haves

GASB 75 retiree health valuation experience

Responsibilities

Perform actuarial valuations, including development of retiree-specific claims costs, following applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and Statutory accounting.
Analyze financial implications associated with active and retiree health benefits 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.
Utilize valuation software and programming as well as Microsoft Office suite.
Utilize standardized spreadsheet tools and develop customized models for special projects.
Interface with clients and communicate resulting analysis both verbally and via written reports.
Identify opportunities for new sales or cross-selling potential.