The Chief Actuary is a key member of PEHP Senior Executive Team responsible for the development of methods to predict and quantify gains and losses in health, dental, long-term disability, and life insurance plans and of contribution rates for employer groups, PEHP insurance providers, and risk pools. Consequences of decisions have a significant impact on PEHP’s overall financial health as well as agencies and groups under administration. Will be directly involved in strategic decisions, marketing efforts/client relations, state legislative process, and state and federal health reform. Provides direct supervision for the Actuarial and Underwriting Department.
Education and Experience
Bachelor Degree in math, statistics, economics, or a related field; plus five (5) years of experience in a health care environment or actuarial work with three (3) of the five years performing actuarial duties interpreting, analyzing and identifying alternatives; or an equivalent combination of education and experience.
Masters Degree in math, statistics, economics or a related field designation preferred.
Associate Society of Actuaries (ASA) designation or Fellow of the Society of Actuaries (FSA) designation preferred.
Knowledge, Skills, and Abilities
Requires knowledge and demonstrated ability in the practical application of theoretical and analytical skills. Requires strong knowledge in the area of trend analysis, pricing, forecasting and valuation. Extensive knowledge and experience of risk based analysis in the group benefits environment is preferred. A wide degree of creativity and latitude is expected. Must have an in-depth working knowledge of risk based analysis of insurance underwriting and actuarial functions.
Must have advanced level expertise with different software. Must possess excellent verbal and written communication skills. Ability to follow written and verbal instructions. Must be comfortable interfacing with all levels of an organization, legislative, and Executive Branch, as well as other outside entities, and have the ability to communicate technical ideas to a non-technical audience. Must have the ability to work effectively in a team environment. Must have proven ability to perform supervisory duties by employing effective motivational and leadership techniques. Requires proven ability to transfer knowledge and motivate personnel, and the initiative to stay abreast of current trends and technical advancements.
Must possess skills necessary to establish and maintain effective working relationships in a highly visible work environment with professionals, executives (public and private) department heads, co-workers and the public; and be able to work independently and deal effectively with stress caused by workload and time deadlines.
Must be willing to travel extensively as a normal aspect of job performance. Must possess a valid driver’s license and acceptable driving record.
Incumbent performs in a typical office setting with appropriate climate controls. Tasks require a variety of physical activities which do not generally involve muscular strain, but do require activities related to walking, standing, stooping, sitting, reaching, talking, hearing and seeing. Common eye, hand, finger dexterity required to perform essential functions.
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