Medical Stop Loss Pricing Actuary

About the role

The Medical Stop Loss Pricing Actuary will lead the technical development of HealthMaps, a critical tool used by insurers and MGUs. They will collaborate with product leaders and customers to ensure HealthMaps aligns with business needs and incorporate emerging trends. The role involves managing projects within the HealthMaps team and collaborating with benefit teams. Additionally, they will assist in captive feasibility analysis, business development, and annual pricing work.

Responsibilities

• Lead the technical development of HealthMaps, a cornerstone stop loss manual product
• Collaborate with product leader and customers to develop a common view of the business and identify emerging trends
• Manage projects across HealthMaps Team and in partnership with benefit teams
• Assist in captive feasibility analysis, captive business development activities, and annual pricing work
• Maintain stop loss benchmarking data, surveys, and provide proactive insights
• Apply innovative approaches and leading-edge tools to analyze the business and leverage advanced analytics for greater insights
• Ensure the quality of data and consistent application in the medical stop loss pricing and rate filings space
• Lead and develop actuarial teams, providing proactive guidance to business leaders and stakeholders
• Present complex technical concepts to executive leadership and external stakeholders

Qualifications

• A minimum of 4+ years of experience in progressively complex actuarial roles, with knowledge and experience in medical stop loss pricing (preferred)
• Working towards or completed ASA, CAS, or FSA credentials
• Leadership: Strength and experience as a teacher, manager, peer, leader, and contributor to a positive culture
• Analytical and quantitative skills: theoretical foundation, work quality, productivity, creativity, ingenuity
• Software skills: Excel (expert), Word, PowerPoint; SQL (preferred), Power BI (preferred), database and programming skills, Snowflake knowledge (preferred), Python knowledge (preferred)
• Self-sufficient with competence to progress and build comprehensive pricing models and analytic solutions
• Excellent verbal and written communication skills, able to communicate complex technical concepts to a wide range of audiences
• Proven expertise leading and developing actuarial teams, including experience developing high-performing teams with strong technical skills and business acumen
• Experience presenting to executive management and external stakeholders
• Demonstrated experience providing proactive guidance and sought-out insights to business leaders, executive management, and other stakeholders

Compensation and Benefits

The base salary compensation range for this role is $100,000.00 - $150,000.00 USD annually. This role is also eligible for an annual short-term incentive bonus. Willis Towers Watson provides a competitive benefit package, including health and welfare benefits, leave benefits, and retirement benefits. The company is an equal opportunity employer and does not sponsor employment-based visas for this position.