Actuary

Posted:
7/17/2024, 5:00:00 PM

Location(s):
Michigan, United States ⋅ Farmington Hills, Michigan, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking

Job Title:

Actuary

Number of Positions:

1

Location:

Okemos, MI

Location Specifics:

Hybrid Position

Job Summary:

At Delta Dental of Michigan, Ohio, and Indiana we work to improve oral health through benefit plans, advocacy and community support, and we amplify this mission by investing in initiatives that build healthy, smart, vibrant communities for all. We are one of the largest dental plan administrators in the country, and are part of the Delta Dental Plans Association, which operates two of the largest dental networks in the nation.

At Delta Dental, we celebrate our All In culture. It’s a mindset, feeling and attitude we wrap around all that we do – from taking charge of our careers, to helping colleagues and lending a hand in the community.

Position Description:

To perform actuarial services, including calculating various actuarial liabilities, filing rates with departments of insurance, analyzing competitive intelligence data, and maintaining the corporate forecast, as well as lead corporate strategic planning and corporate product and plan design projects.

Primary Job Responsibilities:

  • Leads in developing, reviewing and providing actuarial certification to rate filings for Delta Dental, its subsidiaries, and other Delta Plans as needed. 
  • Performs actuarial valuation (incurred but unpaid claims liabilities, active life reserves, etc.) and prepares associated documentation and statements of actuarial opinion for Delta Dental, its subsidiaries, and other Delta Plans as needed.
  • Develops and reviews corporate forecasts and projections for periodic budgeting and strategic planning.
  • Leads department in corporate product and plan design, new ventures and other special projects.
  • Reviews available resources for insight on market competitiveness and develops tools to leverage competitive information.  
  • Provides reporting and analysis on claims and plan designs to large group customers, as well as modeling/forecasting internally.
  • Assists in managing and developing staff members, including overseeing skill development, delegating assignments, managing workload, and providing feedback for performance reviews.

Perform other related assigned duties as necessary to complete the Primary Job Responsibilities as described above.

#LI-Hybrid

Minimum Requirements:

Position requires a bachelor’s degree in actuarial science, mathematics or statistics and five years of actuarial experience, preferably in group health. Membership in the American Academy of Actuaries (MAAA) and Fellowship in the Society of Actuaries (FSA) are required. Will accept any suitable combination of education, training, or experience.


Position requires solid technical knowledge related to pricing and modeling health insurance products; strong verbal and written communication skills; and the ability to solve complex problems using independent judgment.
 

The company will provide equal employment and advancement opportunity within the context of its unique business environment without regard to race, color, religion, gender, gender identity, gender expression, age, national origin, familial status, citizenship, genetic information, disability, sex, sexual orientation, marital status, pregnancy, height, weight, military status, or any other status protected under federal, state, or local law or ordinance.