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Highmark

Highmark

Manager Actuarial

Manager Actuarial

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Job Details
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Uploaded On
June 29, 2023
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Location
United States
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Remote?
No
Company Overview
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Headquarters
Pittsburgh, PA
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Number of Employees
35000
Estimated Number of Actuaries
109
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
61%
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Overall Score
3.6 / 5
[ Company :
Highmark Inc.Job Description :

JOB SUMMARY

The Manager Actuarial is responsible for overseeing assigned actuarial staff and projects; for hiring and training actuarial staff; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales; assisting senior management decision makers by providing specialized reports and analysis of data on both a routine and ad hoc basis; and is accountable for developing employees, preparing rate filings, providing actuarial support for financial forecasts, and monitoring financial results.

ESSENTIAL RESPONSIBILITIES
  • Communicate effectively.
  • Supervise entry-level and mid-level actuarial staff.
  • Prepare rate filings for large group, small group, direct pay, or senior products.
  • Work with Underwriting and Rating, Sales and Product Management and Development to develop and implement appropriate rating strategies for group, direct pay or senior lines of business. Ensure that all strategies are in compliance with rate filings and applicable regulations.
  • Provide advanced support for the claim reserve process.
  • Provide assistance and risk management to the Product Management and Development area for pricing development of new products. Ensure that all new products are financially viable and stable.
  • Determine underlying factors impacting pure premium trends for various products and regions. Monitor trends for use in rating. Identify any shifts in trend and take appropriate pricing actions.
  • Other duties as assigned or requested.


EDUCATION

Required
  • Bachelor's Degree


Substitutions
  • None


Preferred
  • Bachelor's degree in Actuarial Science, Mathematics, or Statistics


EXPERIENCE

Required
  • 5 years in the Actuarial field
  • 2 years in a management role or leading teams


Preferred
  • 7 years in the Actuarial field


LICENSES or CERTIFICATIONS

Required
  • Associate of Society of Actuaries (ASA)
  • Pursuing Fellowship of Society of Actuaries (FSA)


Preferred
  • Completion of two FSA-level exam components
  • Member of the American Academy of Actuaries


SKILLS
  • Ability to apply extensive knowledge of actuarial methods and procedures
  • Strong supervisory, communication, organization and project management skills
  • In-depth knowledge of one or more of the following: premium rate calculations, required reserves, plan design, trend analysis, rate table construction, actuarial research, or systems development


Language (Other than English):

None

Travel Requirement:

0% - 25%

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office-based

Teaches / trains others regularly

Regularly

Travel regularly from the office to various work sites or from site-to-site

Occasionally

Works primarily out-of-the office selling products/services (sales employees)

Never

Physical work site required

Yes

Lifting: up to 10 pounds

Constantly

Lifting: 10 to 25 pounds

Occasionally

Lifting: 25 to 50 pounds

Never

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company's Handbook of Privacy Policies and Practices and Information Security Policy.

Furthermore, it is every employee's responsibility to comply with the company's Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.

EEO is The Law

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled/Sexual Orientation/Gender Identity (https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf)

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact number below.

For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org

California Consumer Privacy Act Employees, Contractors, and Applicants Notice ]
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Working at 

Highmark

Highmark is a leading healthcare company that provides a comprehensive range of health insurance and healthcare services. With a strong presence in the healthcare industry, Highmark is committed to improving the health and well-being of individuals and communities. As an actuary at Highmark, you'll be part of a dynamic team that plays a crucial role in managing and assessing risks. Actuaries at Highmark utilize advanced statistical models and data analysis techniques to evaluate risks, develop pricing strategies, and ensure the financial stability of the company's insurance offerings. Collaborating with cross-functional teams, actuaries at Highmark provide valuable insights that support evidence-based decision-making. Actuaries analyze complex healthcare data, forecast trends, and develop innovative solutions that meet the evolving needs of customers while maintaining the financial strength of the company. Highmark values professional growth and offers actuaries ongoing training and development opportunities. Actuaries can enhance their skills, stay at the forefront of industry advancements, and contribute to the success of the organization. Join Highmark's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on improving healthcare outcomes, and enjoy competitive benefits in a collaborative and innovative work environment.