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Senior Actuarial Associate, Group Health
4 weeks ago
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Job Purpose:
The position will be responsible for the following duties:
- Responsible for reviewing and developing key assumptions supporting the actuarial pricing methodology for Global and Local Employee Health Business Lines with oversight from the Regional Actuarial Pricing Manager
- Conduct pricing reviews of key pricing inputs such as: manual rates, medical trend, IBNP factors and expense factors
- Review the data for consistency and accuracy, analyze the information, develop conclusions, and communicate those conclusions to Actuarial, Underwriting, and Sales teams.
- Assist in the product development cycle and the development of premium rates for new product launches
- Assist in preparing new business tenders for employee benefits, re-rates and client experience reporting
- Build and Maintain business plan financial projection models and provide senior stakeholders insights into variances from business plan
- Develop and review actuarial documentations, controls and procedures related to group insurance business
- Identify issues proactively and alert manager to any issues with significant implications
Experience/Knowledge, Education and Other Requirements:
- Degree holder in Actuarial Science
- Attained professional actuarial qualification equivalent to ASA or close to completion, with minimum 4 years' relevant experience in group insurance business
- Previous experience with group health pricing/modelling, forecasting, experience studies, and/or valuation is considered an asset
- Experience using coding languages such as SQL, Python and/or VBA as well as experience using Alteryx is considered an asset
- Excellent analytical skill with strong PC skills and knowledge of Excel and Access
- Good command of both written and spoken English
- Ability to work independently under pressure
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.
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