Actuary

• Research and develop new methods for insurance rating and loss reserving
• Prepare and coordinate analyses of rate and statistical filings for submission to regulatory and insurance agencies
• Serve as project leader for relatively complex projects and studies
• Perform GLM and other statistical techniques to enhance rating algorithms
• Provide filing support, product performance monitoring, and business insights
• Update and maintain loss cost modeling data sets

Actuarial Analyst IV, Pricing Design

• Work in a fast-paced, innovative, and change-oriented work environment that could ultimately lead to full-time opportunities
• Build a strong network of peers and mentors
• Attend on-site technical and professional development classes
• Utilize advanced Excel techniques and programming
• Opportunity to work with large data sets
• Gain exposure to actuarial software, including GGY AXIS, MG-ALFA, and PolySystems

Actuarial Development Program Co-Op

• Lead quarterly and annual reserve analyses for multiple P&C lines of business.
• Evaluate reserve adequacy and analyze loss development trends.
• Prepare reserve recommendations and support statutory and management reporting.
• Collaborate with external actuaries on reserve studies, actuarial reviews, and reporting requirements.
• Partner with Claims, Underwriting, and Finance teams to identify emerging trends and assess business impacts.
• Maintain and enhance reserving models, methodologies, and supporting documentation.
• Train and mentor Financial Analysts on actuarial reserving techniques and best practices.
• Support audits, regulatory reviews, and actuarial reporting requirements.
• Identify opportunities for process improvement and automation within the reserving function.

Manager – Actuarial Reserving

• Prepare and analyze intermediate to complex data for use in actuarial experience studies, valuation, or pricing projects
• Provide significant support for development of pricing and underwriting tools and provide increasing support for helping others understand underwriting case specific issues by answering technical question
• Develop reserve factors, analyze reserves and monitor reserve changes
• Develop experience analysis reviews
• Support maintenance of valuation system
• Support preparation of financial reports, tax returns and state filings as needed
• Contribute to product development and repricing initiatives
• Begin working with product, underwriting, compliance, risk management, investments and other areas on specific initiatives; communicate project status within functional area
• Prepare intermediate to complex reports
• Demonstrate commitment to career development and growing financial acumen by pursuing actuarial credentials and membership in the Society of Actuaries
• Continuous assessment of established training and work processes to identify areas for effectiveness and efficiency improvements.
• Contributes to operating effectiveness through information sharing, suggested process improvements and effective implementation of change
• Communicate trends and issues identified and proactively recommend resolutions to management
• Work on and/or lead special projects that require actuarial research and analysis which may involve partnering with other business areas both in and out of finance.
• Maintain and continue to build on a specialized working knowledge of the company operations, systems and in the actuarial discipline
• May serve as informal leader/mentor to more junior level peers as well as training interns
• May perform other duties as assigned

Senior Actuarial Assistant, Actuarial Development Program

• Lead complex actuarial and analytical initiatives, defining scope, work plans, and execution strategies.
• Advise leadership on analytical strategy, risk assessment, and project priorities.
• Oversee and take accountability for technical work produced by project teams.
• Develop and evaluate pricing, provider reimbursement, and benefit analyses.
• Interpret complex data and trends, translating insights into clear, actionable recommendations for leadership.
• Drive quality through peer review and strong documentation.
• Partner cross-functionally to provide ongoing and ad hoc actuarial support.
• Mentor and develop junior team members.

Senior Actuary

• Conducts analysis, pricing and risk assessment to estimate financial outcomes.
• Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in health with a focus on dental plans.
• Develops probability tables based on analysis of statistical data and other pertinent information.
• Gaining exposure to some of the complex tasks within the job function.
• Occasionally assists with modeling, identifies appropriate data sources, conducts analysis

Actuarial Analyst

• Provide actuarial leadership and oversight for DCS pricing activities, including rate reviews, underwriting, and annual pricing submissions.
• Establish and maintain actuarial standards, pricing frameworks, and governance processes.
• Review, approve, and recommend rate actions, pricing assumptions, and risk positions.
• Own actuarial evaluation of margin performance and profitability drivers.
• Ensure pricing strategies and rate execution are aligned with target margins and durable growth goals.
• Identify emerging risks and develop mitigation strategies in partnership with Business Leads, Finance and Underwriting.
• Assess and manage the financial and pricing implications of federal and state regulatory changes impacting Commercial Pharmacy and Mental Health Parity.
• Oversee intercompany pharmacy pricing discussions and work with both Caremark and Aetna IBU teams to ensure pharmacy value is effectively deployed for Fully Insured, AFA and integrated ASC business.
• Lead and mentor a multi-disciplinary team, fostering organizational agility and development.

AVP, Commercial Specialty Actuarial & Underwriting

• Demonstrate commitment to career development and growing financial acumen by pursuing actuarial credentials and membership in the Society of Actuaries
• Prepare and analyze intermediate level data for use in actuarial experience studies, valuation or pricing projects
• Assist in maintenance of pricing and underwriting tools and provide support for helping others understand underwriting case specific issues by answering technical questions
• Develop reserve factors
• Develop experience analysis reviews
• Assist in maintaining valuation system
• Assist in preparation of financial reports, tax returns and state filings as needed
• Learn current pricing models and risk management practices
• Contribute to product development and re-pricing initiatives
• Communicate research results to manager both in written format and orally
• Prepare routine reports
• Continuous assessment of established training and work processes to identify areas for effectiveness and efficiency improvements.
• Contribute to operating effectiveness through information sharing, suggested process improvements and effective implementation of change
• Communicate trends and issues identified and proactively recommend resolutions to management
• Work on special projects that require actuarial research and analysis which may involve partnering with other business areas both in and out of finance.
• Continuously build a specialized working knowledge of the company operations, systems and in the actuarial discipline
• May perform other duties as assigned

Actuary jobs in Maine

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