Actuary

Actuary

Requisition Number 10-1710
Post Date 9/22/2011
Title Actuary
Job Type Full Time
City Rochester
State NY
Description Under general direction, develops and provides actuarial and financial recommendations to Senior Actuarial management that protect the organization's financial integrity; information and recommendations provided must be sound and consistent across levels of IBNR liabilities, target pricing margins, corporate goals, new initiatives and other complex measures related to financial solvency. Drives interpretation of data and development of analytics, methods, and formulae. Mentors and trains lower level analysts. Works and consults with internal and external departments such as Rating & Underwriting, Finance, Network Management, Provider Contracting, Health Informatics, Marketing & Sales as well as BCBSA, NYSID and CMS. Ensures actuarial modeling is consistent with Standards of Practice developed and promulgated by the Actuarial Standards Board. This position is capable of handling highly complex actuarial modeling and is viewed as an expert in the field. Participates in related activities and projects as assigned.
Requirements All Levels:
. BS in Math, Economics, Actuarial Science or allied field required.
. Minimum of six years experience in health actuarial science required.
. Professional designations of Associate of the Society of Actuaries (ASA) and Member of the American Academy of Actuaries (MAAA.)
. Ability to design and direct the creation of complex actuarial models.
. Advanced knowledge of financial and risk health arrangements.
. Strong PC skills including proficiency in Microsoft Excel, Access, Word, Power Point, Visual Basic and SAS.
. Strong verbal and written communication skills.
. Ability to design and implement process improvement.
. Strong leadership and project management skills.
. Strong leadership skills.
. Ability to translate technical concepts into business language.
. High integrity and interpersonal skills.
. High sense of urgency and accountability.
. High degree of independence, creativity and initiative.
. A thorough understanding of non-Actuarial functions such as Rating & Underwriting, Finance, Provider Contracting, Network Management, Product Development, Medical Management, Marketing & Sales, etc. and how they impact Health Plan operations, financials and forecasts must be acquired.

Level II:
In addition to Level I qualifications:
. Minimum of:
. Nine years experience in health actuarial science required or
. Eight years experience and Fellowship in the Society of Actuaries (FSA.)
. A thorough understanding of non-Actuarial functions such as Rating & Underwriting, Finance, Provider Contracting, Network Management, Product Development, Medical Management, Marketing & Sales, etc. and how they impact Health Plan operations, financials and forecasts.