VP Actuary

Lockton Companies; Dallas, Northern (TX, KY); Hybrid; USD 180,000 - 300,000; Full time

Benefits offered by this job

Parental leave

Rolex reward for 10 years

Job summary

Lockton Companies is seeking a VP, Health and Welfare Actuary to support the Health and Welfare clients of Lockton Dunning Benefits. The role requires a high level of professionalism, the ability to work in a fast-paced environment, and adaptability to changing priorities.

The candidate should have at least five years of health actuarial consulting experience, a Bachelor’s degree, and an FSA/ASA designation. Strong leadership, communication, and client-facing skills are essential.

Qualifications

• At least five years of health actuarial consulting and/or health plan/insurance company experience.
• Bachelor’s degree required; graduate degree preferred.
• FSA/ASA designation required.

Responsibilities

• Deliver high-quality actuarial consulting to clients and support growth of the client portfolio.
• Lead or support actuarial teams and provide technical coaching to staff.
• Present financial analyses and actuarial findings in client meetings.

Skills

Health actuarial consulting

Leadership experience

Client presentations

Communication skills

Education

Bachelor’s degree

FSA/ASA designation

Job description

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.

About the Position

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. To see the latest insights from Lockton's experts, check Lockton Market Update .

A few of the reasons Associates love working at Lockton include:

• Opportunities for growth and advancement, including paid training and professional development
• 12-week paid parental leave
• A huge emphasis on community involvement
• Frequent athletic and wellness events
• Incredibly generous rewards; US Associates receive a Rolex for their 10 year anniversary!

Secondary locations

Houston, San Antonio, Plano, New Orleans, Baton Rouge, Austin

Lockton Dunning Benefits is currently seeking a VP, Health and Welfare Actuary. This position will support the Health and Welfare clients of Lockton Dunning Benefits. The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.

Essential Job Duties and Responsibilities

• Leveraged role focused on delivery high quality consulting and actuarial work to clients, leading to maintenance and growth of the client portfolio.
• Perform advanced financial and actuarial consulting, experience with broader client leadership a plus.
• Lead and/or support actuarial team and provide technical coaching to other team members.
• Serve as lead or supporting financial expert in client meetings.
• Actively engage in peer review: have documents reviewed before going to client and review others to ensure high quality.
• Leverage expertise locally to other actuaries, actuarial students, and other H&B consultants
• Maintain knowledge of industry, market, and competition; anticipate external market trends, internal H&B needs and/or client needs.
• As appropriate, take leadership or supporting role in national Health & Benefit development initiatives (e.g., practice team focused on efficiency, quality, new product development, people strategies, etc.) and broader firm-wide initiatives (e.g., management effective assessment, cross LOB integration activities, etc.)
• Responsible for strategy development and costing of scenarios related to strategy discussions.
• Handles benchmarking discussions with clients, including strategy development.
• Responsible for price alternative plan designs and define product strategy.
• Project savings/costs related to plan design or provider network changes.
• Sets budget rates for self-insured plans.
• Responsible for employee contribution rate development.
• Perform IBNR reserve development.
• Develop and deploy models to evaluate cost‑saving scenarios.
• Mentor and delegate work to actuarial assistant
• Budget and forecasting
• Projection and other financial modeling related to health care reform.
• Benefit expense estimates for proposed benefit designs
• Medical reserve estimates and year-end actuarial certifications

Qualifications

• At least five years of relevant health actuarial consulting and/or health plan/insurance company experience
• Bachelor’s degree (graduate’s degree preferred)
• FSA/ASA (Fellow of the Society of Actuaries or Associate of the Society of Actuaries) designation required.
• Ability to work independently; must be motivated with strong oral and written communication skills.
• Ability to work on multiple types of projects at one time.
• Self-motivated, high achiever who has demonstrated leadership skills that will be used in a team-oriented environment.
• Strong presentation skills with ability to participate in client meetings, presentations and new business opportunities.
• Team player
• Strong client presence with project management, presentation, and facilitation skills
• Well-organized with the ability to handle several projects/clients simultaneously.
• Strong oral and written communication skills
• Dedicated work ethic with a commitment to client service excellence

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.