Health Benefits Actuarial Consultant

Coca-Cola Beverages Northeast; New York (NY); On-site; USD 80,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k)

Pension

Tuition reimbursement

Job summary

BPAS is seeking an experienced actuarial professional to support health benefit consulting for mid-to-large clients. You will perform retiree health valuations, analyze plan designs, and advise on compliance and pricing strategies.

Strong client communication and project management are essential. The role requires advanced actuarial credentials (ASA/FS A) and at least eight years' GASB 75 experience, with proficiency in valuation software and MS Office.

Qualifications

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related field.
• ASA or FSA credentials.
• Minimum 8 years experience with GASB 75 retiree health valuation preferred.
• Knowledge of Health & Welfare plan design, pricing strategies, and market practices.
• Strong analytical, technical, and problem solving skills.
• Excellent communication skills and client service mentality.
• Attention to detail, organization, and ability to prioritize in a rapidly changing environment.
• Ability to manage multiple projects and deliver high-quality results on time.

Responsibilities

• Perform actuarial valuations including retiree-specific claims costs following ASC 715-60, GASB 75, and statutory accounting.
• Analyze financial implications of active and retiree health benefits programs and design alternative plan costs.
• Advise clients on state and federal statutory and regulatory compliance.
• Develop premium equivalent rates for budgeting and COBRA administration.
• Develop claims reserves for self-insured plans.
• Utilize valuation software and Microsoft Office suite; build customized models for special projects.
• Interface with clients and communicate analyses verbally and in reports.
• Identify opportunities for new sales or cross-selling.

Skills

Analytical skills

Communication skills

Project management

Organizational skills

Multitasking

Attention to detail

Education

Bachelor’s degree in Mathematics, Statistics, Actuarial Science or related field

ASA or FSA credentials

Tools

Microsoft Word

Microsoft Excel

Valuation software

Programming

Job description

Overview

BPAS is a national provider of retirement plan administration, employee benefit solutions, and fiduciary and trust services. For more than 50 years, we’ve redefined what it means to be a benefits partner. We combine deep expertise, transparent service, and a people-first approach to make benefit plans easier, smarter, and more effective for everyone involved.

As a financially stable subsidiary of Community Financial Systems, Inc. (NYSE: CBU), we support 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration, and more than 980,000 participants in partnership with advisors, trustees, and financial professionals across the nation. One partner. Smarter benefits. Better results.

Responsibilities

The candidate will work within our Health Benefit Consulting Services practice on the health and benefit programs of mid-large size clients.

Essential Skills:

• Perform actuarial valuations, including development of retiree-specific claims costs, following applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and Statutory accounting
• Analyze financial implications associated with active and retiree health benefits programs, including actuarial cost projections for alternative plan designs, contribution strategies, and plan administration
• Strong knowledge of Health & Welfare plan designs, funding arrangements, pricing strategies, provider networks, and competitive market practices
• Advise clients regarding state and federal statutory, regulatory, and other compliance related issues
• Develop active and retiree-specific premium equivalent rates for budgeting and COBRA administration
• Develop claims reserves for self-insured plans
• Utilize valuation software and programming as well as Microsoft Office suite
• Utilize standardized spreadsheet tools and develop customized models for special projects
• Interface with clients and communicate resulting analysis both verbally and via written reports
• Identify opportunities for new sales or cross-selling potential

Qualifications

• Minimum of a Bachelor’s degree from an accredited college or university with a major in Mathematics, Statistics, Actuarial Science, Economics or other related field
• ASA or FSA credentials
• Minimum 8 years experience with GASB 75 retiree health valuation experience preferred
• Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices
• Strong analytical, technical, and problem solving skills
• Excellent communication skills and client service mentality
• Attention to detail, organization, and ability to prioritize in a rapidly changing environment
• Ability to manage multiple projects simultaneously and produce high-quality deliverables in a timely manner
• Conscientious, self-motivated, and able to work independently as well as collaboratively with a team
• Project management experience and aptitude to train, mentor, and review work of entry level actuarial analysts

Competencies

• Well-developed written and oral communication skills
• Ability to be highly organized and show an attention to detail
• Ability to prioritize work assignments and multitask
• Analyze problems and issues and implement solutions or present possible solutions to supervisor
• Display a high level competency with Microsoft Word and Excel, as well as personal computer skills and other industry specific software

Other Job Information

Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.

The Company is an Affiant Action, Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation and gender identity), national origin, citizenship status, age, disability, genetic information, veteran status, or any other characteristic protected by applicable federal, state or local law.

The Company will make reasonable accommodations for qualified individuals with a disability. If you have a physical or mental impairment and would like to request an accommodation with respect to the application process, please contact the Human Resources Department.

Salary Range

Minimum USD $80,000.00/Yr.

Maximum USD $139,633.00/Yr.