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Skills
Actuarial Skillsunmatched
Benchmarkingunmatched
Budgetingunmatched
Coachingunmatched
Consultingunmatched
Cost Controlunmatched
Cost Modelingunmatched
Documentation Reviewunmatched
Financial Modelingunmatched
Financial Planningunmatched
Forecastingunmatched
Healthcareunmatched
Leadershipunmatched
Market Trend Analysisunmatched
Mentoringunmatched
Network Designunmatched
Product Designunmatched
Product Developmentunmatched
Product Strategyunmatched
Strategic Planningunmatched
Description
Lockton Dunning Benefits is currently seeking a Health and Welfare Actuary. This position will support the Health and Welfare clients of Lockton Dunning Benefits. The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
Leveraged role focused on delivery high quality consulting and actuarial work to clients, leading to maintenance and growth of the client portfolio.
Perform advanced financial and actuarial consulting, experience with broader client leadership a plus.
Lead and/or support actuarial team and provide technical coaching to other team members.
Serve as lead or supporting financial expert in client meetings.
Actively engage in peer review: have documents reviewed before going to client and review others to ensure high quality.
Leverage expertise locally to other actuaries, actuarial students, and other H&B consultants
Maintain knowledge of industry, market, and competition; anticipate external market trends, internal H&B needs and/or client needs.
As appropriate, take leadership or supporting role in national Health & Benefit development initiatives (e.g., practice team focused on efficiency, quality, new product development, people strategies, etc.) and broader firm-wide initiatives (e.g., management effective assessment, cross LOB integration activities, etc.)
Responsible for strategy development and costing of scenarios related to strategy discussions.
Handles benchmarking discussions with clients, including strategy development.
Responsible for price alternative plan designs and define product strategy.
Project savings/costs related to plan design or provider network changes.
Sets budget rates for self-insured plans.
Responsible for employee contribution rate development.
Perform IBNR reserve development.
Develop and deploy models to evaluate cost-saving scenarios.
Mentor and delegate work to actuarial assistant
Budget and forecasting
Projection and other financial modeling related to health care reform.
Benefit expense estimates for proposed benefit designs
Medical reserve estimates and year-end actuarial certifications