Associate Actuary

Company: Acuren Group Inc
Location: Honolulu
Posted on: February 22, 2021

Job Description:

The Associate Actuary contributes towards HMSA's financial stability by providing leadership, a high level of technical expertise and support for the company's various actuarial functions, as assigned. These might include trend analysis and projections, pricing, reserving, financial forecasting or financial reporting. Duties and Responsibilities The Associate Actuary will: 1. Oversee or lead the pricing and rating of HMSA's products, including the following:

• collecting and analyzing historical experience data, developing projections and modeling financial outcomes under various rating scenarios;
• regularly updating the rating methodology and factors for HMSA's commercial group and individual lines of business, including the drafting and certification of associated rate filings;
• supporting the development of annual Medicare bid submissions and group retiree pricing;
• configuring and testing rate tables and factors in HMSA's systems;
• creating and maintaining HMSA's pricing tools; creating and maintaining benefit differentials for alternative plan designs, pricing of new products/plans/benefits and modifications to existing plans/benefits 2. Oversee or lead complex trend analysis and projections, including:
  • monitoring emerging experience on a monthly basis, reconciling this against other sources and comparing against budget/forecast;
  • analyzing significant utilization, unit cost and other trend drivers, as well as variances against budget/forecast;
  • based on emerging trends, known/projected provider contract and other key drivers, developing trend forecasts to be used for financial projection and rating purposes. 3. Produce ad-hoc financial & statistical analyses, studies or forecasts, as needed. 4.--Oversee or lead the calculation of monthly, quarterly and year-end actuarial and related items, including unpaid claims reserves (IBNR) and ACA-related assets and liabilities. Other financial reporting duties, as assigned. 5.--Oversee or lead the creation of revenue and expense projections at the line of business level. Monitor emerging experience against these projections and produce variance analyses on a regular basis. Exempt or Non-Exempt Exempt Minimum Qualifications
    • Bachelor's degree and 4 years of relevant work experience
    • Certified ASA and MAAA
    • 1 year of experience in a supervisory or team lead capacity
    • Demonstrated ability to work independently, managing multiple priorities simultaneously and under strict time constraints
    • Expert knowledge of actuarial and underwriting concepts
    • Excellent mathematical, analytical and problem-solving skills
    • Effective communication skills including negotiation, listening, oral and written communication skills, and the ability to explain technical concepts to a non-technical audience
    • Proficient working knowledge of PC applications (including Microsoft office products)
    • Advanced Excel skills
    • Knowledge of the health insurance industry and familiarity with health insurance regulations and compliance Equal Opportunity Employer - Minorities/Women/Protected Veterans/Disabled We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact 808-948-5588 or via email at jobs@hmsa.com.

Keywords: Acuren Group Inc, Honolulu , Associate Actuary, Accounting, Auditing , Honolulu, Hawaii