Commercial Health Actuary

This is a fully remote position, open to applicants in New York, +1 more state.

📋 Description

• Assess and analyze health insurance applications to evaluate the associated risks, aiding in the establishment of premium rates that are both equitable and competitive.

• Analyze and interpret claims experience to guide underwriting decisions and policy modifications.

• Collaborate closely with sales teams to create competitive insurance products and strategies, ensuring they align with company objectives and client requirements.

• Contribute to the formulation of insurance policies or propose modifications to existing policies that harmonize market needs with the risk exposure for the insurance company.

• Keep abreast of changes in laws and regulations that may influence product design and underwriting criteria.

• Maintain precise and comprehensive records of underwritten policies and decisions made, while tracking concessions and outcomes.

• Coordinate with brokers and agents to obtain additional information or clarify underwriting decisions.

⛳️ Requirements

• Education: A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.

• Credentials: Professional actuarial credentials (e.g., ASA, FSA) are mandatory.

• Experience: At least 5 years of experience in commercial health insurance underwriting (excluding Medicare, Medicaid, or individual market/ACA plans).

• Experience collaborating with sales teams in competitive contexts is highly preferred.

• Strong analytical and decision-making capabilities.

• Exceptional communication and interpersonal skills.

• Proficient in statistical analysis and risk evaluation.

• Capability to interpret complex data and make well-informed decisions.

• Familiarity with underwriting software and tools.

• Preferred: Advanced actuarial credentials (e.g., ASA or FSA).

• Experience in large group health insurance underwriting for fully insured businesses.

• Knowledge of current healthcare regulations and market dynamics.

🏝️ Benefits

• Competitive salary

• Comprehensive health, dental, and vision insurance

• Retirement savings plan with company match

• Professional development opportunities

• Flexible work environment