Director, Actuarial

Job ID: J106824
Company: Highmark Health
Location: Pittsburgh, PA, United States
Full/Part Time: Full time
Job Type: Regular
Posted at: Jan 29, 2018

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Description

GENERAL OVERVIEW:  

The Director Actuarial Services 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.

ESSENTIAL RESPONSIBILITIES: 

This section lists the major duties and responsibilities of the position.This is not an exhaustive list of all job duties/functions/attributes.Depending on Role, essential responsibilities may also include oversight and management of people and functions described below.

1.Manage all levels of Actuarial staff.

2.Oversee the preparation of rate filings for large group, small group, direct pay, or senior products.

3.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.

4.Provide advanced support for the claim reserve process.

5.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.

6.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.

7.Other duties as assigned or requested.

III. QUALIFICATIONS:

Education, Licenses/Certifications, and Experience

Minimum

  • Bachelor’s Degree
  • 10 or more years of experience in the actuarial or related field.
  • 5 or more years of management experience and/or experience leading teams and/or projects of varying size and complexity.
  • Attainment of the ASA (Associate) designation in the Society of Actuaries.
  • Must be committed to pursuing actuarial exams and obtaining Fellowship in the Society of Actuaries.
  • Member of the American Academy of Actuaries (MAAA).
  • Bachelor’s degree in Actuarial Science, Mathematics, or Statistics.

Preferred

  • 13 or more years of actuarial experience.
  • FSA

Knowledge, Skills and Abilities 

  • Ability to apply extensive knowledge of actuarial methods and procedures
  • Strong supervisory, communication, organization and project management skills
  • Demonstrated knowledge of the following actuarial proficiencies:
    • 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.

IV. SCOPE OF RESPONSIBILITY

Does this role supervise/manage other employees- Yes 

V. WORK ENVIRONMENT

Is Travel Required- No

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job requires the ability to work as a team member. Additionally, this job requires the willingness and ability to report to work on a regular and timely basis and may require irregular work hours, holidays and/or weekends.

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 their race, color, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.
EEO is The Law
Equal Opportunity Employer Minorities/Women/ProtectedVeterans/Disabled/Sexual Orientation/Gender Identity (http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf)
We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact number below.
For accommodation requests, please call HR Services at 844-242-HR4U or visit HR Services Online at HRServices@highmarkhealth.org

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