Job Description

Sr. Principal Group Actuarial

NRECA Arlington VA

Join NRECAs Actuarial Department as the senior actuarial leader supporting health and welfare benefit plans in a missiondriven organization known for delivering meaningful member benefits and offering exceptional employee rewards including a pension matching 401(k) generous PTO and hybrid flexibility.

About NRECA

NRECA is a unique national trade association providing advocacy financial services and business support services to over 900 consumer owned electric cooperatives across the country. NRECA employees are united by our mission inclusive culture collaborative workplace and commitment to service excellence. As a best place to work employer we operate with integrity transparency and a spirit of innovation.

About Insurance and Financial Services

Are you ready to be part of a dynamic inclusive and mission-driven insurance and financial services team At NRECA we cultivate and reward a commitment to delivering service excellence to our members every day. Our culture emphasizes a strong sense of diversity belonging and integrity driven by our core values of collaboration communication creative problem solving and accountability. The work we do to develop and administer industry-leading employee benefit plans and services is diverse and intellectually challenging and the results help improve the quality of life for hard working Americans across the country. If you are motivated by mission and values as well as competitive pay and outstanding benefits then this is the place for you.

About NRECAs Group Benefit Program (GBP)

The GBP is a multiple employer plan organized and administered in accordance with the Employee Retirement Income Security Act of 1974 (ERISA). As a group health plan the GBP is regulated as a covered entity under the Health Insurance Portability and Accountability Act of 1996 (HIPAA).

The GBP provides benefits including medical pharmacy dental vision disability life accidental death and dismemberment (AD&D) and business travel accident insurance to member cooperative employees and their eligible dependents. GBP is self-insured for the medical pharmacy dental vision and short-term and long-term disability plans. The life AD&D and business travel accident plans are insured with third party insurance companies. The GBP is funded by a voluntary employee beneficiary association (VEBA) that is exempt from income tax under IRC Section 501(c)(9).

NRECA provides a bundled full-service administration experience for both participating employers (co-op) and their employees and eligible dependents. NRECA exists for the sole purpose of serving the needs of rural electric cooperatives and offering benefit programs designed to address the unique needs of its eligible member cooperatives. Each co-op receives the same full access to our services with multiple member forums to provide input into NRECAs operations and benefit plan offerings.

About NRECAs Group Actuarial

Our actuarial team is deeply committed to the members we serve. We partner with leading external actuaries and consultants to deliver agile high-quality actuarial support and comprehensive group benefit solutions.

Job Summary

Leads and manages the actuarial work supporting NRECAs health and welfare benefit plans working closely with other internal teams and NRECAs outside actuarial consulting partners. Serves as the organizations internal actuarial subject matter expert ensuring actuarial processes standards methodologies and tools align with NRECAs member-focused approach.

Key Responsibilities

• Directs and reviews actuarial analyses for group benefit products; perform hands-on analyses as needed including pricing reserving experience monitoring risk assessment and actuarial reporting.

• Leads the development of actuarial reporting and analysis including reserve setting experience studies and management reporting.

• Provides hands-on leadership of actuarial projects including review of work performed by our underwriting team and external actuaries.

• Coordinates actuarial activities across internal teams external partners and key stakeholders providing consultative support across the organization.

• Monitors for changes in product design demographics legislation market dynamics actuarial standards etc. and to determine the impact on the benefit plans and actuarial function.

• Addresses adverse impacts performs analysis and modeling required by other teams and advises leadership and management regarding the plans.

• This job is eligible for NRECAs hybrid work schedule offering flexibility to work from home up to two days per week.

No Direct Reports to this Position

Qualifications

Education and Experience Requirements

• Bachelors degree in mathematics actuarial science or equivalent education and experience.

• Associate or Fellow of the Society of Actuaries.

• 15 years as a healthcare actuary performing actuarial analysis for all major types of group health and welfare benefit plans (medical & prescription drug programs required; dental vision life LTD/STD preferred)

• Experience managing the broad range of activities required for comprehensive actuarial support (pricing reserving and experience analysis) of such offerings.

Knowledge Skills and Abilities (as demonstrated by prior work experience)

• Strong knowledge of actuarial principles and standards related to group health and welfare pricing reserving trend analysis and risk assessment.

• Knowledge and understanding of end-to-end actuarial operations supporting group benefit products.

• High level of experience in using Excel for group benefit actuarial analysis and premium development

• Ability to manage complex workloads competing deadlines and highly visible initiatives.

• Proven ability to collaborate and influence across all organizational levels.

• Ability to present complex actuarial and financial concepts clearly and concisely.

• Ability to report to the office when required.

Essential Physical Requirements

• Primarily sedentary work with extended periods of sitting.

• Close visual acuity for computer work and data analysis.

• Manual dexterity for frequent keyboard use.

• Occasional light lifting (up to 10 lbs.).

• Effective communication in person by phone and via email.

Additional Requirement:

The preceding job description has been written to reflect managements assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race color sex sexual orientation gender identity religion national origin disability veteran status or other legally protected status.

NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment please e-mail or call: - NRECA Arlington Human Resources. Please call - NRECA Lincoln Human Resources for Lincoln NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case-by-case basis.

The U.S. Equal Employment Opportunity Commission (EEOC) recently released the Know Your Rights poster which updates and replaces the previous EEO is the Law poster and EEO Is the Law Poster Supplement.

Pay Transparency Non-Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.

E-Verify. As a Federal Contractor NRECA is required to participate in the E-Verify Program to confirm eligibility to work in the United States. For information please click on the following link: E-Verify.

For more information about life at NRECA please visit .