Senior Managing Actuary

4 weeks ago


McKinney, Texas, United States Globe Life Inc. Full time
Job Description:

Senior Managing Actuary - Health Pricing (Hybrid) Primary Duties & Responsibilities At Globe Life, we are committed to empowering our employees with the support and opportunities they need to succeed at every stage of their career. Our thriving and dynamic community offers ample room for professional development, increased earning potential, and a secure work environment.

We take pride in fostering a caring and innovative culture that enables us to collectively grow and overcome challenges in a connected, collaborative, and mutually respectful environment that calls us to help Make Tomorrow Better.

Role Overview: Could you be our next Senior Managing Actuary - Health Pricing? Globe Life is looking for an experienced Senior Managing Actuary - Health Pricing to join the team

As a member of the Globe Life Health Pricing team the position will develop and price new as well as existing health products utilizing actuarial techniques and be responsible for setting valuation assumptions. In addition, the position will be responsible for various regulatory filings. The successful candidate will also be managing a team of Actuarial Assistants and mentoring them as they become credentialed actuaries.

The position will work cooperatively with Executive Leadership, Marketing, Valuation and Accounting to support the sustainable growth of sales and profits while managing risk and ensuring solvency. The products that the successful candidate will work on is broad including individual and group Medicare supplement, cancer, critical illness, accident, disability income, and a range of assorted limited benefit health products.

This is a hybrid position located in McKinney, TX (WFH Monday & Friday, In Office Tuesday-Thursday).

What You Will Do:
  • Manage a team of 4 to 5 Actuaries who exercise latitude and independence in assignments.
  • Responsible for developing the strategy for delivering annual assumptions based on experience studies, including lapse, morbidity, and trend analysis including resolving difficult to moderate problems independently.
  • Clearly articulate work efforts and outcomes to senior management.
  • Development of pricing models.
  • Prepare and file various regulatory reports.
  • Pricing of new and existing health products.
  • Collaboration with rate filing actuary to execute product and rate filings.
  • Development of new metrics to identify trends, tracking and monitoring of pricing performance on a wide range of supplemental health products for Globe Companies.
  • Work cooperatively to establish partnership and buy-in with key leaders in the Actuarial department, decision-makers in the Acquisition and Administration portfolios, and outside parties such as TPA's.
  • Responsible for making moderate to significant improvements of pricing, rating, analysis and reporting to enhance performance of the Actuarial department.
  • Maintain knowledge of emerging benefits and regulatory developments.
What You Can Bring:
  • Bachelor's degree required in Actuarial Science, Mathematics, Statistics, Economics, or other similar field.
  • Associate of the Society of Actuaries (ASA) required, FSA preferred.
  • Member of the American Academy of Actuaries required.
  • 10+ years actuarial experience.
  • Management experience preferred.
  • Working experience with managing a health pricing role preferred.
  • Requires practical knowledge in leading and managing the execution of processes, projects and day-to-day tactical assignments within a team.
  • Advanced knowledge and skills within the Actuarial discipline with an understanding of the impact of work on other areas of the Company.
  • Apply advanced strategic knowledge of group insurance and supplemental/voluntary insurance industry.
  • Strong attention to detail; well-organized and efficient; proficient at documentation.
  • Technical knowledge of product design, form development, and rating and pricing using both traditional and advanced ratemaking techniques.
  • Strong computer skills including advanced knowledge of Excel, Data Visualization, SQL and programing languages.
  • Experience with PolySystems, a plus.
  • Ability to thrive and lead in team-based environment.
  • Well-organized, with the ability to handle several projects simultaneously with conflicting priorities and clear deadlines.
  • Strong verbal and written communication skills.
  • Superior analytical skills to understand both the larger picture and the critical nature of details.
  • Strong work ethic - works with the highest level of integrity in an inclusive environment with a commitment to company goals and objectives.
  • The ability to work alongside others with differing backgrounds and competencies.
  • Ability to work on issues that are not well defined.
  • Advanced planning needed to complete work by communicated deadlines.
Applicable To All Employees of Globe Life Family of Companies:
  • Reliable and predictable attendance of your assigned shift.
  • Ability to work full time and/or part time based on the position specifications.
How Globe Life Will Support You: Looking to continue your career in an environment that values your contribution and invests in your growth? We've curated a benefits package that helps to ensure that you don't just work, but thrive at Globe Life:
  • Competitive compensation designed to reflect your expertise and contribution.
  • Comprehensive health, dental, and vision insurance plans because we believe that taking care of your well-being is fundamental to your performance.
  • Robust life insurance benefits and retirement plans, including company-matched 401k and pension plan.
  • Wellness club reimbursements and gym discounts to help you stay on top of your health.
  • Paid holidays and time off to support a healthy work-life balance.
  • Parental leave to help our employees welcome their new additions.
  • Development training programs to enhance your skills and career progression and unlock your full potential.
Opportunity awaits Invest in your professional legacy, realize your path, and see the direct impact you can make in a workplace that celebrates and harnesses your unique talents and perspectives to their fullest potential. At Globe Life, your voice matters.

Required Knowledge & Experience

INDGLA1001

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