VP Actuary, Employee Benefits

Lockton; Dallas (TX); On-site; USD 180,000 - 240,000; Full time

Job summary

Lockton Dunning Benefits seeks a VP, Health and Welfare Actuary to lead high-level actuarial consulting for Health and Welfare clients, delivering strategic cost and risk analyses and expert financial modeling.

The ideal candidate has 5+ years in health actuarial consulting, a Fellow/ASA designation, and strong leadership and communication skills to drive growth and quality across engagements.

Qualifications

• At least five years of health actuarial consulting or health plan experience.
• Bachelor’s degree; graduate degree preferred.
• FSA/ASA designation required.
• Strong written and verbal communication; able to work independently.
• Ability to manage multiple projects simultaneously and lead teams.
• Excellent presentation and client-facing skills.

Responsibilities

• Deliver high-quality actuarial work to clients, growing the client portfolio.
• Perform advanced financial and actuarial consulting; leadership a plus.
• Lead or support actuarial teams and coach others.
• Serve as lead or supporting financial expert in client meetings.
• Mentor actuarial assistants and delegate work.
• Budgeting, forecasting, and cost analyses for plans.
• Develop models to evaluate cost-saving scenarios.
• Engage in benchmarking discussions with clients.
• Participate in firm-wide initiatives and knowledge sharing.

Skills

Leadership

Client engagement

Communication

Mentoring

Team player

Education

Bachelor's degree

FSA/ASA designation

Job description

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 and Requirements

• 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