Actuarial Associate (Life & Health)

Lockton Companies; Philadelphia (Philadelphia County); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Industry-leading health insurance

Opportunities for career growth

Job summary

A leading independent insurance brokerage is seeking a skilled actuary to join its health reinsurance team in Philadelphia. The role requires 1-3 years of actuarial experience, particularly in health insurance or reinsurance, and a strong proficiency in financial modeling and data analysis tools like SQL and Python. The ideal candidate will support actuarial analysis, contribute to innovative analytics for clients, and possess excellent communication skills. A caring culture and opportunities for growth are emphasized at this organization.

Qualifications

• 1-3 years of actuarial work in AHL reinsurance, healthcare, or health insurance.
• Knowledge of health reinsurance and stop-loss products preferred.
• Strong communication skills and client-facing interest.

Responsibilities

• Support actuarial analysis for pricing and retention levels.
• Work with brokers and reinsurers on data for reinsurance submissions.
• Collaborate on enhancements to actuarial models.

Skills

Actuarial work experience

Financial modeling in Excel

SQL

Communication skills

Dashboarding expertise

Education

1-3 years of experience in actuarial work

Tools

R

Python

PySpark

Job description

Philadelphia, Pennsylvania, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Lockton Re’s AHL actuarial team is expanding, and we’re looking for a skilled actuary to join us. This role will focus on health reinsurance products, contributing to innovative analytics that help clients manage risk and capital.

What You'll Work On:
Our actuarial team drives impactful analytics & advisory services across a range of reinsurance solutions. Recent projects include:

• Structuring health reinsurance placements for insurers across Commercial, Medicare, and Medicaid markets, as well as MGUs offering stop-loss coverage for self-funded employers.
• Developing capital-motivated transactions to help insurers efficiently manage risk-based capital requirements.
• Supporting financial risk management in Value-Based Care (VBC) arrangements, including modeling downside risk & structuring coverage for provider risk arrangements.
• Advising startups and investors on reinsurance & risk strategies.
• Evaluating captives and alternative risk financing approaches.

Key responsibilities:

• Support actuarial analysis to evaluate pricing and retention levels for AHL reinsurance treaties, including data processing and refinement.
• Work with brokers, reinsurers, and clients to ingest and review data needed for creating reinsurance treaty submissions.
• Collaborate on enhancements to AHL actuarial models (ex. pricing & underwriting models across stop loss, provider excess, VBC, capital motivated).
• Contribute to creation & implementation of benchmarking, dashboards, and predictive models for AHL clients – leveraging detailed, large claims line-level datasets to build out analytics capabilities.
• Assist in preparing and delivering client-ready analyses and presentations, with opportunities for direct client engagement.
• Collaborate with cross-functional teams (brokers, actuaries, data/analytics, capital advisory) to support project execution.
  

Qualifications

What We're Looking For:

Experience: 1-3 years of actuarial work in AHL reinsurance / healthcare / benefits / health insurance

• Knowledge of health reinsurance & stop-loss products preferred.
• Pricing and/or underwriting experience is a strong advantage.
• Bonus: Exposure to Life, DI, or Accident products (nice-to-have, but not required).

Technical Skills:

• Financial modeling experience in excel.
• Ideally proficient in SQL, R, Python, PySpark, or similar tools for handling large datasets.
• Dashboarding expertise is a strong advantage.
  

Soft Skills:

• Strong communication skills with an interest in client-facing work.
• Ability to work independently and collaboratively in a dynamic, team-oriented environment.
• Excellent organizational and project management skills to balance multiple tasks and deadlines effectively.
• Open to learning, development, and continuous skill growth.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.