Medical Stop Loss Pricing Actuary

WTW•Minneapolis, IL

About The Position

As a Medical Stop Loss Pricing Actuarial Lead, you will be a key member of the Financial Actuarial & Analytics (FAA) Community of Expertise. You will contribute to complex analytical work involving stop loss pricing and reserving, as well as captive feasibility analysis. You will be responsible for translating that expertise into scalable intellectual capital used across FAA. You will partner with FAA practitioners, Client Service teams, Global Delivery Centers, and technology partners to develop, refine, and deploy reusable tools, models, and analytical frameworks. This role offers the opportunity to grow deep medical stop loss and captive expertise, financial acumen, and project management skills while working on high-impact, forward-looking initiatives alongside FAA leaders.

Requirements

A minimum of 4+ years of experience in progressively complex actuarial roles.
Knowledge and experience with medical stop loss pricing (preferred).
Working towards or completed ASA, CAS or FSA credentials.
Leadership: Strength and experience as a teacher, manager, peer, leader and contributor to a positive culture.
Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity.
Software skills: Excel (expert), Word, PowerPoint; SQL (preferred), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred).
Self-sufficient with competence to progress and build comprehensive pricing models and analytic solutions.
Excellent verbal and written communication skills.
Able to communicate complex technical concepts to a wide range of audiences including executive leadership and the board.
Proven expertise leading and developing actuarial teams.
This individual will have experience developing high performing teams with strong technical skills and business acumen.
Experience presenting to executive management and external stakeholders.
Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders.

Nice To Haves

Knowledge and experience with medical stop loss pricing
SQL (preferred)
Power BI (preferred)
Snowflake knowledge (preferred)
Python knowledge (preferred)

Responsibilities

Lead the technical development of HealthMaps (Tillinghast), a cornerstone stop loss manual product used by many insurers and MGUs.
Work in close collaboration with product leader and customers to develop a common view of the business.
Work in partnership with various stakeholders to identify emerging trends that should be incorporated into HealthMaps offerings.
Lead projects across HealthMaps Team and in collaboration with our benefit teams.
Assist in captive feasibility analysis, captive business development activities, and captive annual pricing work.
Maintain stop loss benchmarking data, surveys, and provide proactive insights, identify the drivers and respond to clients’ inquiries.
Apply innovative approaches and leading-edge tools to analyze the business.
Seek opportunities to leverage advanced analytics to provide greater insights.
Ensure the quality of the data and its consistent application in the medical stop loss pricing and rate filings space.
Assume an active leadership role and keep abreast of new medical stop loss trends and other external issues.

Benefits

Medical (including prescription coverage)
Dental
Vision
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Group Accident
Group Critical Illness
Life Insurance
AD&D
Group Legal
Identify Theft Protection
Wellbeing Program
Work/Life Resources (including Employee Assistance Program)
Paid Holidays
Annual Paid Time Off (includes state/local paid leave where required)
Short-Term Disability
Long-Term Disability
Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave)
Paid Time Off (only included for Washington roles)
Qualified contributory pension plan (if eligible)
401(k) plan with annual nonelective company contribution.
Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.