The Health & Benefits actuarial department at OneDigital is responsible for managing client projects that focus on employers’ health benefits strategies, including financial projections, carrier selection, plan design optimization, employee contribution setting, IBNR valuations, benchmarking, well-being initiatives, and renewal negotiations. Centralized at corporate, the department works both with field office analytics and consulting leaders, as well as directly with large clients. The team helps OneDigital colleagues and clients evaluate and optimize their health and welfare programs.
As a part of this team, theActuarial Directorcreates client deliverables, provides direction to other actuaries and junior analysts, serves as a financial client contact, and presents deliverables to clients in partnership with senior members of client teams. This position provides the opportunity to meet directly with clients, from mid-management to the c-suite; collaborating on different workstreams and sharing ideas and insights. Most often the Actuarial Directoris brought in as a subject matter expert, however at other times he/she may lead a project end to end.
He/she will provide overall direction relative to the development, application and consistent administration of actuarial principles and statistical techniques to ensure sound financials. TheActuarial Directoris responsible for the creation and execution of the enterprise data and analytics strategy to drive business value.
Essential Duties and Responsibilities (include but are not limited to):
Ensures a financial forecasting system which generates accurate projections relative to cost, claims, administrative expenses, underwriting gains/losses, with the ability to explain variances to senior management.
Devises, collects, maintains, and reports financial and statistical information required to monitor cost and utilization trends in order to assure accuracy of the factors used in current financial arrangements.
Performs team leadership responsibilities to include, but not limited to being involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.
Qualifications, Skills and Requirements:
Deep understanding of health insurance, medical stop loss, reinsurance, and ancillary employee benefit products
Education, Training and Experience:
The typical base pay range for this role nationwide is $150,000 to $170,000 per year.
Your base pay is dependent upon your skills, education, qualifications, professional experience, and location. In addition to base pay, some roles are eligible for variable compensation, commission, and/or annual bonus based on your individual performance and/or the company’s performance. We also offer eligible employees health, wellbeing, retirement, and other financial benefits, paid time off, overtime pay for non-exempt employees, and robust learning and development programs. You will receive reimbursement of job-related expenses per the company policy and may receive employee perks and discounts.
To learn more, visit: www.onedigital.com/careers
