Insurance Actuarial Analyst

Frost; Austin (TX); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Medical insurance

401(k) matching

Generous holiday and paid time off

Tuition reimbursement

Health and wellness programs

Referral bonus program

Job summary

Frost, located in Austin, Texas, is seeking an Insurance Actuary Analyst to lead the collection, validation, and analysis of complex healthcare data. In this role, you will ensure accurate pricing and deliver strategic financial reports while collaborating with teams to align assumptions and compliance.

The ideal candidate should possess a bachelor's degree, have over 6 years of experience, and demonstrate a strong grasp of financial modeling and predictive analytics. Frost offers a comprehensive benefits package.

Qualifications

• 6+ years of experience with a major Health and Benefits firm.
• 5+ years of experience in actuarial services.
• Deep understanding of underwriting principles and financial services practices.

Responsibilities

• Lead the collection and validation of complex healthcare data.
• Provide actuarial oversight of carrier underwriting.
• Direct in-depth analysis of client claims experience.

Skills

Data analysis

Financial modeling

Health and benefits claims projections

Predictive modeling

Client engagement

Leadership

Communication skills

Advanced Excel proficiency

Education

Bachelor's degree

Tools

Microsoft Excel

Analytics tools

Job description

Job Description

Do you enjoy researching and extracting insights from data? Would others describe you as being reliable and resourceful? Do you have a background in Health and Benefits and actuary services? If so, being an Insurance Actuary Analyst with Frost could be for you.

At Frost, it’s about more than a job. It’s about having a flourishing career where you can thrive, both in and out of work. We’re committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you’ll become part of Frost’s over 150-year legacy of providing unparalleled banking services.

Who You Are

As an Insurance Actuarial Analyst with Frost, you are our data guru! In this role, you will lead the collection, validation, and analysis of complex healthcare data to help us remain competitive. You are excited to combine your passion for insurance and actuary services to direct in-depth analysis of the client claims experience. You are a subject matter expert with the ability to lead teams and influence others. More than that, this role is about ensuring efficient and effective collaboration and doing it with integrity, caring and excellence in mind.

What You’ll Do

• Lead the collection, validation, and analysis of complex healthcare data to deliver strategic financial reports, forecasts, and cost projections for health and benefits programs
• Provide actuarial oversight of carrier underwriting, validating rates, assumptions, and methodologies while resolving discrepancies to ensure accurate and competitive pricing
• Direct in-depth analysis of client claims experience (medical, pharmacy, stop-loss), producing budget vs. actual reporting and actionable insights to improve cost performance
• Develop and manage advanced pricing and rate strategies using actuarial techniques such as trend analysis, credibility, experience rating, and predictive modeling
• Conduct benchmarking and competitive analyses, translating comparisons against industry and geographic peers into executive-level recommendations
• Lead forecasting and scenario modeling to evaluate healthcare costs, utilization trends, demographic changes, and high-cost risk exposures
• Standardize and enhance actuarial models, financial frameworks, and reporting processes to improve consistency, scalability, and operational efficiency
• Collaborate with underwriting, finance, and consulting teams to align assumptions and ensure compliance with regulatory requirements (e.g., Affordable Care Act, Employee Retirement Income Security Act)
• Serve as a senior advisor by presenting insights to clients, supporting business development and renewal strategies, and leading special projects
• Always take action using Integrity, Caring, and Excellence to achieve all-win outcomes

What You’ll Need

• Bachelor’s degree
• 6+ years of experience with a major Health and Benefits firm
• 5+ years of experience in actuarial services
• Strong experience with health and benefits claims projections, financial modeling, and data analysis
• Deep understanding of underwriting principles and financial services practices
• Proven ability to lead client engagements and present complex information effectively
• Advanced proficiency in Microsoft applications, including expert-level Excel skills
• Experience with predictive modeling, simulation, and analytics tools
• Excellent written and verbal communication skills
• Demonstrated ability to lead teams, manage projects, and influence stakeholders
• Ability to obtain and maintain appropriate licenses as required by state regulations and Frost policies

Additional Preferred Skills

• Demonstrated experience in team leadership, client advisory, and large-scale program oversight

Our Benefits

• Medical, dental, vision, long-term disability, and life insurance
• 401(k) matching
• Generous holiday and paid time off schedule
• Tuition reimbursement
• Extensive health and wellness programs, including our Employee Assistance Program
• Referral bonus program