Tuesday, November 25, 2014
Director - Actuarial Services - Aetna - Blue Bell
Job description
POSITION SUMMARY
This position is responsible for actuarial services in support of Student Health and Voluntary Comprehensive Medical product offerings, including rate filing and other regulatory compliance, pricing, reserving and forecasting support. The actuarial team works closely with other functional areas, including sales, client services, operations, etc.
Fundamental Components:
This individual will supervise a small team of actuarial staff in support of Student Health and Voluntary Comprehensive Medical. Responsibilities include:
- Prepare Student Health rate filings; working with regional staff to submit filings and respond to questions.
- Conduct experience studies and work with valuation staff to review reserves monthly.
- Forecast results for business planning in collaboration with finance staff.
- Conduct actuarial value testing for Student Health plans, working directly with underwriting, sales and client services.
- Support experience analysis and pricing work for Comprehensive Medical Voluntary plans.
This individual will work closely with other functional areas, including underwriting, finance, sales, client services, claims, and member services. They will be exposed to the product offering end-to-end, gaining a clear understanding of everything from regulatory impact to operational implications.
BACKGROUND/EXPERIENCE desired:
Experience pricing comprehensive medical insurance, preferably including individual, group, manually rated and experience rated business.
Strong analytical skills and ability to drive questions to conclusion.
Strong communication skills: experience relaying technical information to non-technical audiences.
7+ years related work experience. MAAA required.
EDUCATION
The highest level of education desired for candidates in this position is a Bachelor's degree or equivalent experience.
LICENSES AND CERTIFICATIONS
Actuarial/Member, American Academy of Actuaries is desired
Actuarial/Associate of the Society of Actuaries is desired
Actuarial/Fellow of the Society of Actuaries is desired
FUNCTIONAL EXPERIENCES
Functional - Actuarial/Risk analysis/management/4-6 Years
Functional - Actuarial/Pricing: local market & rate filings/4-6 Years
Functional - Actuarial/Financial actuarial analysis/4-6 Years
Functional - Actuarial/Valuation/Reserving/1-3 Years
Functional - Actuarial/Management: < 25 employees/1-3 Years REQUIRED SKILLS Finance/Managing Aetnas Risk/MASTERY Finance/Profit and Quality Vigilance/MASTERY Leadership/Driving a Culture of Compliance/MASTERY DESIRED SKILLS Finance/Servicing Customers Profitably/MASTERY General Business/Communicating for Impact/MASTERY Leadership/Collaborating for Results/MASTERY Telework Specifications: Flexible. Part-Time Telework would be preferred (ex: 2 days office-based, 3 days telework)
ADDITIONAL JOB INFORMATION
The Student Health team is a tight-knit team of experienced professionals who collaborate very effectively across functional areas. This is a unique actuarial opportunity, offering the experience of working within an entrepreneurial unit, with the support of the broader enterprise. This role will get exposure to the product and services from beginning to end. This individual will also get exposure to a similar experience with a different product with the Voluntary group.
Aetna is about more than just doing a job. This is our opportunity to re-shape healthcare for America and across the globe. We are developing solutions to improve the quality and affordability of healthcare. What we do will benefit generations to come.
We care about each other, our customers and our communities. We are inspired to make a difference, and we are committed to integrity and excellence.
Together we will empower people to live healthier lives.
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