Senior Actuarial Analyst

Essential Duties

• Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modeling
• Leverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, contribute to 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
• Proactively looking at multiple data sources for ongoing benchmarking and storytelling
• Prepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reports
• Support development of health plan reserve estimates for self-funded clients. Upon actuarial accreditation, provide certification of results.
• Participate in client meetings, as needed, delivering financial information and results.
• Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives.
• Perform special projects as necessary, including preparation of custom reports and analysis for specific client needs
• Keep informed of insurance industry developments and products available in the marketplace
• Compensation and Benefits
• Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.
• Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.
• Check out Lockton Benefits Offerings Here
• Bachelor's degree required (major in Actuarial Science, Mathematics, Data Science, Statistics, or related field preferred). Recent actuarial accreditation (ASA or FSA) or near-ASA credentials required
• 4+ years of group health benefits experience at a brokerage/consulting firm or insurance carrier
• Must have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision making
• Knowledge of all aspects of the healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysis
• Personal presence to interface in client and prospect organizations, representing Lockton in a professional manner
• Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required, along with the ability to work independently under the supervision or guidance of others.
• Must be results-oriented with the ability to change priorities as needed
• Excellent verbal, written, and interpersonal skills to interact with clients and associates at all levels of responsibility
• Excellent quantitative, analytical, and problem-solving skills
• Strong knowledge of Microsoft Products (particularly Excel); skill in using computer application software for financial modeling, statistical analysis, and other database analyses
• Ability to travel as needed
• #LI-Hybrid