About Advantasure
Sourced by ZipRecruiter
Industry
It services
Company size
501 - 1,000 Employees
Headquarters location
Glen Allen, VA, US
Year founded
2016
Job description
Job Description
The Actuarial Consultant is responsible for the initiation, organization and analysis of non-routine actuarial research used for analysis including but not limited to valuations, financial reporting and forecasting, trend analytics, and pricing.
QUALIFICATIONS
Additional Department Information
Candidate will be responsible for monitoring and evaluating vendor program performance including performance settlements with vendors, connecting actual results to original expectations and broader enterprise strategies.
Responsibilities will also include making recommendations on contract terms and supporting questions from internal and external stakeholders.
Must be proficient in data management, including data extraction, data analysis and drawing conclusions.
All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.
The Actuarial Consultant is responsible for the initiation, organization and analysis of non-routine actuarial research used for analysis including but not limited to valuations, financial reporting and forecasting, trend analytics, and pricing.
- Utilize advanced actuarial concepts to design and perform complex analysis, conduct research and make recommendations to leadership.
- Ensure completeness, accuracy and appropriateness of all insurance data used in the production of outputs; recommend improvements to data as needed.
- Independently recommend specific course of action; consider internal, external and customer impacts. Independently communicate to stakeholders.
- Define scope of major projects and coordinate completion.
- Assess and implement efficiency enhancing processes where available.
- Respond to requests from internal departments; prioritize and review work of peers for actuarial soundness.
- Drive key department processes. May provide technical guidance to and coordinate work less experience team members.
- Remain current on actuarial techniques, seek development and improvement opportunities and understand corporate/cross-functional objectives and cultural beliefs.
QUALIFICATIONS
- Bachelor's degree in actuarial science or related area.
- Four (4) years related actuarial experience. Preference to have at least one year of BCN/BCBSM actuarial experience or comparable experience at another company.
- Earned at least six (6) exam components (exam, validation by educational experience, modules, final assessment) toward the attainment of the ASA designation and plans to continue making timely progress to obtain ASA credential.
- Knowledge of actuarial methods and practices.
- Strong analytical and critical thinking skills.
- Can effectively utilize email, presentations and verbal communication to convey the intent and methodology of their work, and the broader implications of results to actuarial and non-actuarial audiences.
- Ability to apply appropriate planning and prioritization techniques.
- Other related skills and/or abilities may be required to perform this job.
Additional Department Information
Candidate will be responsible for monitoring and evaluating vendor program performance including performance settlements with vendors, connecting actual results to original expectations and broader enterprise strategies.
Responsibilities will also include making recommendations on contract terms and supporting questions from internal and external stakeholders.
Must be proficient in data management, including data extraction, data analysis and drawing conclusions.
All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.
advantasure.com
Most Popular Jobs Similar to Consulting Actuary
actuary
actuarial consultant
associate actuary
senior actuarial analyst
health actuary
actuarial analyst
life insurance actuary
pricing actuary
actuarial director
actuarial manager
Frequently asked questions
Q: What skills or qualities help someone succeed as a Consulting Actuary?
A: To succeed as a Consulting Actuary, one must possess strong technical skills in areas such as probability theory, statistical modeling, and data analysis, as well as proficiency in actuarial software and programming languages like R or Python. Additionally, effective communication, problem-solving, and analytical skills are crucial for interpreting complex data and presenting findings to clients, while also being adaptable and able to navigate diverse business environments. These strengths enable Consulting Actuaries to provide valuable insights and recommendations, driving business growth and informing strategic decisions.
Q: What is the career path for a Consulting Actuary?
A: A Consulting Actuary's career path typically begins with entry-level roles such as Actuarial Analyst or Junior Consultant, where they develop foundational skills in data analysis, modeling, and communication. As they gain experience, they progress to mid-level roles like Senior Consultant or Actuarial Manager, where they lead projects, mentor junior staff, and develop expertise in specialized areas like risk management or product development. Senior-level roles, such as Partner or Director, involve strategic leadership, business development, and thought leadership, offering opportunities for long-term career growth and potential directions into executive or entrepreneurial roles.
