[Hiring] Actuarial Director @OneDigital

Role Description

The Health & Benefits actuarial department at OneDigital is responsible for managing client projects that focus on employers’ health benefits strategies, including:

• Financial projections
• Carrier selection
• Plan design optimization
• Employee contribution setting
• IBNR valuations
• Benchmarking
• Well-being initiatives
• Renewal negotiations

The Actuarial Director creates client deliverables, provides direction to other actuaries and junior analysts, serves as a financial client contact, and presents deliverables to clients in partnership with senior members of client teams. This position provides the opportunity to meet directly with clients, from mid-management to the c-suite; collaborating on different workstreams and sharing ideas and insights.

Essential Duties and Responsibilities (include but are not limited to):

• Leads development and oversees execution of client data and analytics strategies.
• Conceives, plans and conducts actuarial studies.
• Ensures a financial forecasting system which generates accurate projections relative to cost, claims, administrative expenses, underwriting gains/losses, with the ability to explain variances to senior management.
• Devises, collects, maintains, and reports financial and statistical information required to monitor cost and utilization trends in order to assure accuracy of the factors used in current financial arrangements.
• Independently determines methodologies and approaches for projects.
• Facilitates client meetings, client presentations and internal team meetings.
• Leads the development of client deliverables, including written documents.
• Manages timelines, including completion of client deliverables.
• Ensures all work products are technically peer reviewed and submitted for consulting review.
• Actively communicates project status updates with internal team.
• Supports business development activities.
• Serves as mentor to staff within the department, monitoring work and providing guidance and support ensuring the passage of institutional knowledge.
• Performs team leadership responsibilities to include, but not limited to being involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.

Qualifications

• Expert analytical skills – experience in data analysis or financial modeling
• A creative and consultative approach, with an interest in thinking outside of the box
• Excellent written and oral communication skills
• Proven project management skills and creative problem-solving abilities
• Demonstrated ability to independently manage multiple complex projects simultaneously
• Experience presenting technical concepts to a non-technical audience
• Strong presentation skills and consulting project experience – ability to translate results of data analysis into easy-to-understand recommendations for client decision-making
• Deep understanding of health insurance, medical stop loss, reinsurance, and ancillary employee benefit products

Requirements

• Minimum 10 years of relevant experience holding relevant actuarial credentials
• Experience leading and managing people
• 5+ years of experience with client-facing responsibilities
• BA/BS degree in actuarial science, math, finance, economics or related field

Benefits

• Base pay range: $150,000 to $170,000 per year
• Variable compensation, commission, and/or annual bonus based on individual and company performance
• Health, wellbeing, retirement, and other financial benefits
• Paid time off
• Overtime pay for non-exempt employees
• Robust learning and development programs
• Reimbursement of job-related expenses per company policy
• Employee perks and discounts