Commercial Health Actuary
Job Description:
• Evaluate and analyze health insurance applications to determine the risk they pose, helping to set premium rates that are both fair and competitive.
• Interpret and analyze underlying claims experience to inform underwriting decisions and policy adjustments.
• Work closely with sales teams to develop competitive insurance products and strategies, ensuring alignment with company goals and client needs.
• Assist in the development of insurance policies or suggest changes to existing policies that balance the needs of market with the risk to the insurance company.
• Stay updated with changes in legislation and regulations that may affect the product design and underwriting considerations.
• Maintain accurate and detailed records of policies underwritten and decisions made, tracking concessions and experience.
• Coordinate with brokers and agents to gather additional information or to explain underwriting decisions.
Requirements:
• Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Credentials: Professional actuarial credentials (e.g., ASA, FSA) are required.
• Experience: Minimum of 5 years of experience in commercial health insurance underwriting (not Medicare, Medicaid, or individual market/ACA plans).
• Experience working with sales teams in competitive situations is highly desirable.
• Strong analytical and decision-making skills
• Excellent communication and interpersonal skills
• Proficiency in statistical analysis and risk assessment
• Ability to interpret complex data and make informed decisions
• Familiarity with underwriting software and tools
• Preferred:
• Advanced actuarial credentials (e.g., ASA or FSA)
• Experience with large group health insurance underwriting for fully insured business
• Knowledge of current healthcare regulations and market trends
Benefits:
• Competitive salary
• Comprehensive health, dental, and vision insurance
• Retirement savings plan with company match
• Professional development opportunities
• Flexible work environment
• Evaluate and analyze health insurance applications to determine the risk they pose, helping to set premium rates that are both fair and competitive.
• Interpret and analyze underlying claims experience to inform underwriting decisions and policy adjustments.
• Work closely with sales teams to develop competitive insurance products and strategies, ensuring alignment with company goals and client needs.
• Assist in the development of insurance policies or suggest changes to existing policies that balance the needs of market with the risk to the insurance company.
• Stay updated with changes in legislation and regulations that may affect the product design and underwriting considerations.
• Maintain accurate and detailed records of policies underwritten and decisions made, tracking concessions and experience.
• Coordinate with brokers and agents to gather additional information or to explain underwriting decisions.
Requirements:
• Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Credentials: Professional actuarial credentials (e.g., ASA, FSA) are required.
• Experience: Minimum of 5 years of experience in commercial health insurance underwriting (not Medicare, Medicaid, or individual market/ACA plans).
• Experience working with sales teams in competitive situations is highly desirable.
• Strong analytical and decision-making skills
• Excellent communication and interpersonal skills
• Proficiency in statistical analysis and risk assessment
• Ability to interpret complex data and make informed decisions
• Familiarity with underwriting software and tools
• Preferred:
• Advanced actuarial credentials (e.g., ASA or FSA)
• Experience with large group health insurance underwriting for fully insured business
• Knowledge of current healthcare regulations and market trends
Benefits:
• Competitive salary
• Comprehensive health, dental, and vision insurance
• Retirement savings plan with company match
• Professional development opportunities
• Flexible work environment