Actuarial Services Director - Pricing & Strategy

Highmark Health; Pierre (SD); On-site; USD 170,000 - 287,000; Full time

Job summary

Highmark Inc. is seeking an experienced actuarial leader to manage an actuarial staff and provide technical oversight for pricing and rate development.

You will guide cross-functional teams in Product Management, Underwriting and Sales to implement sound actuarial policies that support financial objectives. Responsibilities include developing rating strategies, ensuring compliance with rate filings, and supporting product viability.

Qualifications

• 8 years in an Actuarial role
• 5 years in a management role and/or leading teams and/or projects of varying size and complexity
• Attainment of the ASA or ACAS (Associate) designation AND pursuing FSA or FCAS (Fellowship) designation in the Society of Actuaries or Casualty Actuarial Society
• Member of the American Academy of Actuaries (MAAA)

Responsibilities

• Oversee hiring decisions, coaching and development, rewards and recognition, performance management and staff productivity.
• Oversee the preparation of 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.

Skills

Actuarial methods

Staff supervision

Communication

Project management

Pricing and rate development

Risk management

Education

Bachelor’s Degree in Actuarial Science, Mathematics and Statistics

Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics

Job description

Highmark Inc. is seeking an experienced actuarial leader to manage an actuarial staff and provide technical oversight for pricing and rate development.

You will guide cross-functional teams in Product Management, Underwriting and Sales to implement sound actuarial policies that support financial objectives. Responsibilities include developing rating strategies, ensuring compliance with rate filings, and supporting product viability.