REQ :: Actuary
REQ :: Actuary
Posted on :
25-07-2025
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1 Vacancy
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Job Description
Actuary - Temp
- Primary responsibilities will include modeling for the commercial segment financial projection development and risk projection development. See below for more details. No specific tools systems or industries.
- Seeking a contract Actuary resource to cover for leave (expected Aug through EOY). Looking to hire and train ASAP.
- The candidate should have an Actuarial certification (ASA) or FSA
- Fully remote working Eastern hours.
- More experience preferred healthcare benefits experience highly preferred
Notes on the responsibilities:
There will be 2 areas of project-based work that would take place between August and September and some other areas of support:
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- Gathering forecast inputs from various sources; developing financial projections from those inputs; consolidating forecast results; understanding and communicating variances to prior forecast; developing exhibits and/or slides to support forecast communication to senior leadership and the Board.
- Develop model to support market segment based financial projections for Commercial Insured business. Our forecasting infrastructure for Commercial insured business only supports aggregate Commercial insured financial projections. As a result after a forecast is complete we have to perform a retrospective allocation back to our Commercial insured market segments.
- We would like to develop a forecast model that allows for prospective financial projections at the Commercial market segment level (Merged Market vs. Large Group Commercial vs. Large Group Municipal/Labor).
- Conduct a Total Risk Analysis (TRA). Healthcare cost trend has become increasingly more difficult to predict causing actual financial results to vary significantly from initial projections.
- We would like to conduct a TRA to quantify risk across various risk sources (Insurance risk Healthcare cost trend risk risk adjustment risk Member risk/selection risk) at the market segment level. This study will help us answer questions around how much margin would we need to add to rates in order to be X% confident the rates are adequate as well as how much explicit margin would we need to add to our best estimate financial forecast in order to be X% confident that we will achieve that forecast. This analysis will be based on a recent SOA study on TRA (we will provide an analyst to help pull appropriate data).
- Lastly we would need some support for our 2026 Financial Planning process (October November).
Employment Type
Full-time
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