Director Actuarial Services

Highmark Health; Northern (KY); Hybrid; USD 170,000 - 287,000; Full time

Job summary

Highmark Inc. seeks a Director of Actuarial Services to lead an actuarial team and drive pricing, reserves and product strategy. You will oversee rate filings, manage staff, and coordinate with underwriting, product management and sales to ensure financially sound pricing.

Strong leadership and advanced actuarial credentials are required. The role emphasizes governance, mentoring and cross-functional collaboration to support Highmark’s financial objectives and regulatory compliance across

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics and Statistics.
• ASA or ACAS designation and pursuing FSA/FCAS.
• MAAA membership preferred.
• 8 years in an actuarial role with leadership experience (5+ years).

Responsibilities

• Manage and oversee actuarial staff and projects.
• Oversee rate filings and pricing strategies for multiple product lines.
• Collaborate with Underwriting, Sales and Product Management to develop pricing.
• Develop and implement actuarial policies and practices to meet financial objectives.
• Ensure compliance with rate filings and regulations.

Skills

Actuarial methods

Supervisory

Communication

Project management

Pricing & rate development

Education

Actuarial Science/Math/Statistics

Job description

Director Actuarial ServicesSkip to main contentThank you for your interest in employment at a Highmark Health company. Highmark Health uses an online application process. If you participate in the online application process through this Workday site, your personal information will be collected, including but not limited to data such as your resume and resume content, education, contact information, address, city, postal code, country, phone number, email address, IP address, as well as any other personal information you choose to provide. As part of the online application process, we will provide details such as how we will use the data that we collect and where such information is processed. We will also ask for your consent to use the data for purposes contained in the Highmark Health Data Protection Statement and the GDPR Data Protection Consent for Job Applicants, and for all other permissible purposes.# CareersDirector Actuarial Services page is loaded## Director Actuarial ServicesApplyremote type: Remotelocations: PA, Working at Home - Pennsylvania: MD, Working at Home - Maryland: WA, Working at Home - Washington: NC, Working at Home - N Carolina: LA, Working at Home - Louisianatime type: Full timeposted on: Posted Yesterdayjob requisition id: J285587## **Company :**Highmark Inc.## **Job Description :****JOB SUMMARY**This job is responsible for the overall management and technical oversight of an actuarial staff (fellows, associates, actuarial candidates, and/or support personnel) where activities are concerned with pricing and rate development; overseeing assigned actuarial staff and projects and developing and implementing sound actuarial policies and practices to help Highmark meet its financial objectives; providing technical support for other areas such as Product Management & Development, Underwriting & Rating, and Sales.**ESSENTIAL RESPONSIBILITIES*** Perform management responsibilities to include, but are not limited to: involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity. Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.* 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.* Other duties as assigned or requested.**EDUCATION****Required*** Bachelor’s Degree, with a strong emphasis in Actuarial Science, Mathematics and Statistics**Substitutions*** None**Preferred*** Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics**EXPERIENCE****Minimum*** 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)**Preferred*** 10 years in an Actuarial role* Attainment of FSA or FCAS (Fellowship) in the Society of Actuaries or Casualty Actuarial Society**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-basedTeaches / trains others regularlyOccasionallyTravel regularly from the office to various work sites or from site-to-siteNeverWorks primarily out-of-the office selling products/services (sales employees)NeverPhysical work site required YesLifting: up to 10 poundsConstantlyLifting: 10 to 25 poundsOccasionallyLifting: 25 to 50 poundsNever***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.****Pay Range Minimum:**$169,500.00**Pay Range Maximum:**$286,700.00*Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.*