Senior Actuarial Analyst

2 months ago

Southfield, Michigan, United States Emergent Holdings Full time
Job Description

This position supports Emerging Markets' profitable growth and effective use of capital through analyses and reporting on risk, financial metrics, capital, reinsurance, and other topics in order to support strategic decision making. Strong analytical and communication skills are required. This role is comprised of three focus areas: capital management, corporate actuarial, and MA risk adjustment. Role spans all areas of Emerging Markets, including P&C and health insurance segments.

Capital management measures key risks from both an internal perspective and a ratings agency perspective, by simulating the impact of key risks on financial results. Capital model results assist in allocating capital, establishing profitability targets, and incorporate consideration of risk and volatility into annual business plans. Capital management also includes monitoring exposure for adherence to corporate risk tolerances.

Corporate actuarial serves as a consulting actuary by linking technical work to practical insights; it is responsible for the development and management of strategic pricing and forecasting architecture for Medicare related products and services in COBX. This position designs, leads and performs advanced financial and actuarial analyses in support of department objectives, and undertakes special projects and ad hoc problem solving.

This position requires the understanding of insurance and business operations within Emerging Markets including, AF Group and COBX.

RESPONSIBILITIES/TASKS by FOCUS AREA:

Capital Management:
  • Capital model parameterization and maintenance.
  • Support stress testing through development of key risk scenarios to illustrate potential adverse risk outcomes, the resulting impact to key metrics, and the impact of mitigation strategies.
  • Analyses aggregate enterprise capital requirements through application of risk tolerances.
  • Produces actuarial indication of business segments' risk-adjusted capital.
  • Provide assistance to rating agency requests requiring actuarial assistance.
  • Development and maintenance of risk adjusted performance metrics.
  • Development of volatility ranges around key metrics and risk factors, including range for reasonable and extreme events, tracking forecasted deviation within ranges, adjusting ranges to reflect development throughout the year, and submission of ranges to parent company.
  • Support enterprise risk management reporting, including scorecards, snapshots, and own risk solvency assessments.
Corporate Actuarial:
  • Monitor, analyze, and forecast trends and risks across Emerging Markets
  • Complete ad hoc actuarial analysis as requested to support and inform the bid process.
  • Analyze profitability across business segments and effectively communicate results.
  • Gather and evaluate competitive information and advise on potential competitive strategies.
  • Analyze pricing of insurance products and develop prospective profitability assessments, and communicate results as requested.
  • Monitor results relative to strategic plans and metrics.
  • Develop and maintain tool to forecast of key actuarial assumptions supporting Senior Health Services forecast and annual plan.
  • Monitor industry results and trends and Emerging Markets relative performance to the industry.
  • Calculate and forecast Medicare Advantage risk scores and revenue.
  • Experience with Medicare Advantage products is a plus but is not required.
Specific Responsibilities by Job Title:

Actuarial Analyst:
  • Perform routine actuarial analyses requiring the application of acceptable actuarial techniques, procedures and criteria.
  • Analyze completed work for reasonableness and accuracy; utilize judgment in recommending specific courses of action considering the internal, external and customer impacts.
  • Learn, use and implement programming and maintain analytical programs with limited direction.
  • Utilize data management and structure techniques with limited direction and oversight.
  • Develop and enhance procedures including review for actuarial soundness.
  • Perform experience and financial analysis to identify root causes and develop multiple solutions for actuarial problems.
  • With guidance, present completed work and related implications to team members, internal clients and leadership.
  • Remain current on actuarial techniques, seek development and improvement opportunities and understand corporate/cross-functional objectives and cultural beliefs.
Additional Responsibilities for Senior Actuarial Analyst
  • Effectively communicate drivers of results to leadership.
  • Analyze profitability targets for business segments and effectively communicates results and methodology to manager.
  • Perform cost-benefit analysis comparing results of initiatives to capital costs, considering both financial results and strategic goals.
  • Provide support and peer review to the pricing, reserving, and reinsurance team and the related processes.
  • Participate in annual planning process by assisting business segments with strategy and identifying areas for improvement.
  • Perform ad hoc risk projects with little direction.
  • Represent Corporate Risk on various corporate projects.
  • Work with outside actuaries and/or consultants on various projects.
  • Mentor and train Actuarial Interns and Actuarial Analysts.
  • Lead the development of new reports and tools for the department.
EDUCATION

Bachelor's degree in actuarial science, mathematics, or a related field is required. Successful completion of one CAS or SOA examination required; OR, earned at least one (1) course credit towards the attainment of the FSA designation and is a member, in good standing, of the Actuarial Development Program.

Additional Education for Senior Actuarial Analyst

A minimum of four CAS or SOA examinations successfully completed is required, five is preferred.

EXPERIENCE for Senior Actuarial Analyst

A minimum of three years actuarial experience in the P&C or health insurance industry required, Medicare a plus, four years of experience preferred.

QUALIFICATIONS
  • Knowledge of actuarial principles and practices, underwriting and claims practices preferred.
  • Knowledge of mathematics and statistics with the ability to perform necessary mathematical computations.
  • Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions.
  • Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries.
  • Working knowledge of Microsoft Excel.
  • Competent and comfortable learning and working with new software.
  • Maintain confidentiality as appropriate.
  • Ability to work both independently and as part of a team.
Additional SKA for Sr. Actuarial Analyst
  • Ability to create financial and actuarial models with little direction.
  • Ability to facilitate decisions in meetings.
  • Strong knowledge of GAAP and SAP accounting, including FASB accounting standards.
  • Ability to establish a personal rapport with opposing parties and to resolve conflicts in a professional manner.
  • Presentation skills and confidence to present company and product in one-on-one settings or in small groups.
  • Working knowledge of Microsoft PowerPoint.
  • Comprehends the consequences of various problem situations.
WORKING CONDITIONS:

Work is performed in an office setting with no unusual hazards.

Pay Range

Actual compensation decision relies on the consideration of internal equity, candidate's skills and professional experience, geographic location, market and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $78,800 and $114,300.

We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.

  • Senior Financial Analyst

    1 day ago

    Southfield, Michigan, United States REDICO Full time

    : Become a Part of Our Team as a Senior Financial AnalystAre you a meticulous financial expert with a keen interest in both accounting and financial evaluation? Do you excel in a fast-paced setting where your skills can influence strategic choices? If this resonates with you, we encourage you to explore a rewarding opportunity with Redico.Why Consider a Role...

  • Senior Financial Analyst

    18 hours ago

    Southfield, Michigan, United States REDICO Full time

    : Become a Key Player as a Senior Financial AnalystAre you a meticulous financial expert with a strong inclination towards both accounting and financial evaluation? Do you excel in a fast-paced setting where your skills can influence strategic choices? If this resonates with you, we encourage you to explore a rewarding opportunity with Redico.Why Consider a...

  • Senior Treasury Financial Analyst

    1 week ago

    Southfield, Michigan, United States Sun Communities, Inc. Full time

    OVERVIEWThe Senior Treasury Financial Analyst plays a pivotal role in managing various financial operations within the Treasury Department, focusing on Cash Management, Corporate Finance, and Payment Processing. This position encompasses daily cash oversight, financial transaction recording, and liquidity management. The analyst will engage in capital...

  • Lead Financial Analyst

    7 days ago

    Southfield, Michigan, United States Human Capital Ventures Full time

    Job OverviewHuman Capital Ventures is seeking a skilled Senior Financial Analyst to join our dynamic team. This role is pivotal in supporting our client's financial planning and analysis initiatives within the growing electric vehicle manufacturing sector.Key Responsibilities:Facilitate the forecasting and planning process by analyzing actual performance...

  • Real Estate Development Analyst

    4 days ago

    Southfield, Michigan, United States Presbyterian Villages of Michigan Full time

    Position Summary The Real Estate Development Analyst provides crucial support for real estate development and asset management functions within Presbyterian Villages of Michigan (PVM). This encompasses a wide range of activities, from pre-development stages through construction, stabilization, and ongoing asset management for senior housing and other...

  • Lead Financial Analyst

    7 days ago

    Southfield, Michigan, United States UHY LLP, Certified Public Accountants Full time

    UHY LLP, Certified Public Accountants, a prominent player in the financial sector, is seeking a Senior Financial Analyst to enhance their analytical capabilities. This role is pivotal in supporting finance and accounting functions, as well as internal and IT audit responsibilities.Key Responsibilities:Deliver analytical insights for global procurement...

  • Lead Financial Analyst

    2 days ago

    Southfield, Michigan, United States UHY LLP, Certified Public Accountants Full time

    UHY LLP, Certified Public Accountants, a prominent player in the financial sector, is seeking a Senior Financial Analyst to enhance their operations. This role is pivotal within the organization, focusing on finance, accounting, internal auditing, IT auditing, and tax obligations.Key Responsibilities:Deliver analytical insights for global procurement...

  • Development Capex Analyst

    1 month ago

    Southfield, Michigan, United States Sun Communities, Inc. Full time

    OVERVIEWThe Development CapEx Analyst will analyze development spend against budgets and forecasts and assist with variance reports for senior management. This individual is responsible for processing invoices and PayApps related to development CapEx projects, and will work stakeholders on the construction team as well as 3rd party vendors to ensure the...

  • Lead Financial Planning

    1 week ago

    Southfield, Michigan, United States Human Capital Ventures Full time

    Job OverviewHuman Capital Ventures is representing a rapidly growing Electric Vehicle Manufacturing Company that has spent the last decade innovating and creating electrified trucks and platforms for commercial use. As they gear up for the launch and mass production of their vehicles, they are in search of a skilled Senior FP&A Analyst to bolster their...

  • Senior Application Software Engineer

    2 days ago

    Southfield, Michigan, United States Global Information Technology Full time

    Job OverviewPosition Title: Project Lead Application Software Engineer (C++/AWS)Work Arrangement: RemoteEmployment Type: Full TimePosition Summary:The Project Lead Application Software Engineer will spearhead the design, development, testing, and upkeep of robust and scalable technology solutions, whether they are off-the-shelf applications or custom-built...

  • Senior Actuarial Analyst

    2 months ago

    Southfield, United States Emergent Holdings Full time

    Job DescriptionThis position supports Emerging Markets' profitable growth and effective use of capital through analyses and reporting on risk, financial metrics, capital, reinsurance, and other topics in order to support strategic decision making. Strong analytical and communication skills are required. This role is comprised of three focus areas: capital...

  • Early Careers: Actuarial Delivery Group Internship

    2 weeks ago

    Southfield, United States Willis Towers Watson Full time

    Job DescriptionEmployment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Philadelphia: Fully remote/hybridCreate a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! The Actuarial Delivery Group (ADG) is a...

  • Early Careers: Actuarial Delivery Group Internship

    4 days ago

    Southfield, United States Willis Towers Watson Full time

    Job DescriptionEmployment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Detroit: Fully remote/hybridCreate a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! The Actuarial Delivery Group (ADG) is a...

  • Early Careers: Actuarial Delivery Group Internship

    3 days ago

    Southfield, United States Willis Towers Watson Full time

    Job DescriptionEmployment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Dallas: Fully remote/hybridCreate a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! The Actuarial Delivery Group (ADG) is a...

  • Early Careers: Actuarial Delivery Group Internship

    2 weeks ago

    Southfield, United States Willis Towers Watson Full time

    Job DescriptionEmployment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Dallas: Fully remote/hybridCreate a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! The Actuarial Delivery Group (ADG) is a...

  • Early Careers: Actuarial Delivery Group Internship

    2 weeks ago

    Southfield, United States Willis Towers Watson Full time

    Job DescriptionEmployment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.Detroit: Fully remote/hybridCreate a career that goes in the direction you choose. Get to know opportunity.The BusinessJoin one of the fastest growing areas of our retirement business! The Actuarial Delivery Group (ADG) is a...

  • Senior Financial Analyst

    1 week ago

    Southfield, United States UHY LLP, Certified Public Accountants Full time

    A great UHY client is seeking a Senior Financial Analyst to join their team. The ideal candidate will have budgeting/forecasting experience, consolidations experience (using Oracle or Hyperion preferred), and advanced Excel skills including modeling.The Senior Financial Analyst role is an onsite position. This is a client direct hire position.Senior...

  • Senior Financial Analyst

    3 months ago

    Southfield, United States UHY LLP, Certified Public Accountants Full time

    A great UHY client is seeking a Senior Financial Analyst to join their team. The ideal candidate will have budgeting/forecasting experience, consolidations experience (using Oracle or Hyperion preferred), and advanced Excel skills including modeling.The Senior Financial Analyst role is an onsite position. This is a client direct hire position.Senior...

  • Analyst - Senior

    2 months ago

    Southfield, United States Blue Cross Blue Shield of Michigan Full time

    Employer: Blue Cross Blue Shield of Michigan Job Title: Analyst-Senior Job Location: 20500 Civic Center Drive, Southfield, MI 48076 Job Type: Full-time, 9am – 6pm, 40 hours a week, Monday – Friday Duties: Identify and analyze operational data and develop insights in support of business objectives. Develop and improve work flows and business processes...

  • Senior Financial Planning Analyst

    2 weeks ago

    Southfield, United States LHH Full time

    LHH is partnering with a growing organization in the search for highly skilled and motivated Senior Analyst – FP&A to support their continued growth and success. The Senior Analyst - FP&A will play a crucial role in their finance team, providing in-depth analysis and insights to support strategic decision-making and financial planning. This role involves...

  • Senior Financial Planning Analyst

    2 weeks ago

    Southfield, United States LHH Full time

    LHH is partnering with a growing organization in the search for highly skilled and motivated Senior Analyst – FP&A to support their continued growth and success. The Senior Analyst - FP&A will play a crucial role in their finance team, providing in-depth analysis and insights to support strategic decision-making and financial planning. This role involves...

  • Senior Financial Analyst

    3 months ago

    Southfield, United States Clarience Technologies Full time

    Senior financial Analyst is responsible for financial planning, analysis, and reporting within the organization. This role involves collaborating with various departments to gather financial information, conducting financial analysis to identify trends, opportunities, and risks, and providing actionable insights to senior management to support...

  • Senior Financial Analyst

    3 months ago

    Southfield, United States Clarience Technologies Full time

    Senior financial Analyst is responsible for financial planning, analysis, and reporting within the organization. This role involves collaborating with various departments to gather financial information, conducting financial analysis to identify trends, opportunities, and risks, and providing actionable insights to senior management to support...

  • Project Analyst

    3 months ago

    Southfield, United States Presbyterian Villages of Michigan Full time

    POSITION SUMMARY: The Project Analyst provides support for real estate development and asset management functions which include pre-development, rehabilitation, acquisition, capital financing, closings, development, construction, stabilization, and asset management for senior housing and services or other real property controlled by Presbyterian Villages of...

  • Lead Financial Analyst

    7 days ago

    Southfield, Michigan, United States Luminate Staffing Full time

    Job Title: Lead Financial AnalystReports to: Senior Director of FinanceJob Status: Full-TimeLocation: On-siteCompany Overview: Luminate Staffing is dedicated to empowering organizations through strategic staffing solutions, enhancing operational efficiency and driving growth.Position Summary:As a Lead Financial Analyst, you will play a pivotal role in...

  • 2025 Summer Internship Program

    4 days ago

    Southfield, United States TD Bank Group Full time

    Role Type: Internship/Co-op Work Term: Summer/Term 3 Work Location : United States of America Hours: 40 Pay Details: $21.25 - $27.00 USD TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation...