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Lockton

Lockton

Healthcare Actuary

Healthcare Actuary

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Job Details
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Uploaded On
July 24, 2024
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Location
Chicago
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Remote?
No
Company Overview
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Headquarters
Kansas City, MO
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Number of Employees
10750
Estimated Number of Actuaries
186
Salary
$
k-$
k
Glassdoor Ratings
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Recommend to a Friend
80%
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Overall Score
4.1 / 5

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The Healthcare Actuary leads development, delivery and related consulting on health and welfare financial work for employer clients in Lockton’s Midwest Series. They will leverage and analyze data in collaboration with other financial and client service team members to prepare and deliver comprehensive financial reporting and insights for clients related to their health benefit plans. The ideal candidate will demonstrate a high level of professionalism, possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities. Essential Duties: Lead actuary on client teams including setting strategy, project management of financial deliverables and peer review/certification of results Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling Leverage existing or develop basic and complex models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, prepare custom reports and analysis for specific client needs. Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategies Calculate health plan reserve estimates and provide actuarial certifications Participate in client and prospect presentations, leading financial-related discussions Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives Mentor and delegate work to junior associates Seek and provide peer review to ensure high quality client deliverables Keep informed of insurance industry developments and products available in the marketplace Bachelor's degree required (major in Actuarial Science, Mathematics, Statistics, or related field preferred). ASA or FSA designation required 8-10+ years of experience, with a minimum of 4 years post-credential consulting experience in group health benefits at a brokerage/consulting firm or insurance carrier Experience leading health financial consulting for employer groups exceeding 5,000+ lives Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making Knowledge of and experience with all aspects of the healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysis Personal presence to interface with senior leadership in client and prospect organizations, representing Lockton in the highest professional manner Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required. Must be results-oriented with the ability to change priorities as needed Excellent verbal, written, and interpersonal skills to interact with clients and colleagues at all levels of responsibility, along with the ability to skillfully communicate clear direction and incorporate the ideas of others Advanced knowledge of Microsoft Products (Excel, Access); skill in using computer application software for financial modeling, statistical analysis, and other database analyses Excellent quantitative, analytical, and problem-solving skills Ability to travel as needed
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Working at 

Lockton

The world's largest privately-owned, independent insurance brokerage firm, providing insurance, risk management, and employee benefits solutions to clients around the globe.

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