Lead Director; Actuarial – Middle Market AFA

Lead Director; Actuarial – Middle Market AFA

Requirements

• Bachelor’s degree along with 10+ years of actuarial experience
• ASA or FSA
• Rating & forecasting experience
• Strong communication skills
• Experience with Microsoft Excel
• Creativity and intellectual curiosity to navigate the dynamic level-funding competitive environment

Responsibilities

• Develop deep expertise in the Middle Market AFA product to educate the organization on fundamentals of the product
• Collaborate with large group rate review team to create and execute on a rate review process for markets with sizable MM AFA membership
• Ensure appropriate relationship between rates of insured and MMAFA is maintained, understood, and delivered to the market
• Take a disciplined approach to rate adequacy, with strong ownership of building and executing evolving rate review, forecasting and reporting processes
• Ideate and evaluate strategic initiatives that balance membership and margin objectives
• Work with product to ensure suite of benefits is competitive and appropriate for the marketplace, and understand how benefit changes may impact the rate alignment between level funded and fully insured
• Potential to build recommendation and structure to operationally create a fixed relationship between level funded and fully insured rates
• Collaborate and build influence with MM Center of Excellence, sales, actuarial, and underwriting business partners
• Involvement in other market-facing fully-insured initiatives as needed

Preferred Qualifications

• Experience with any level-funded or stop loss lines of business