Senior Actuarial Analyst

The Senior Actuarial Analyst contributes to development, delivery and related consulting on health and welfare financial work for employer clients in Lockton’s Midwest Series. They will leverage and analyze data in collaboration with other financial and client service team members to deliver comprehensive financial reporting and insights for clients related to their health benefit plans. The ideal candidate will demonstrate a high level of professionalism, possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities.Essential Duties Financial analysis for employer group health plans including ongoing claim reporting, rate setting, contribution development and plan design modelingLeverage existing models to assist in analysis and illustration of client health plan financial patterns and outcomes. As needed, contribute to custom reports and analysis for specific client needs.Evaluate benefits utilization and claims data to assist clients in developing cost management and health risk management strategiesProactively looking at multiple data sources for ongoing benchmarking and storytellingPrepare spreadsheets, graphs, charts, diagrams, and other illustrative tools for presentations and reportsSupport development of health plan reserve estimates for self-funded clients. Upon actuarial accreditation, provide certification of results.Participate in client meetings, as needed, delivering financial information and results.Assist service teams with development and evaluation of carrier RFPs for all coverage lines, including modeling of network changes and payment alternatives.Perform special projects as necessary, including preparation of custom reports and analysis for specific client needsKeep informed of insurance industry developments and products available in the marketplaceCompensation and BenefitsLockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location.Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate.Check out Lockton Benefits OfferingsHereBachelor's degree required (major in Actuarial Science, Mathematics, Data Science, Statistics, or related field preferred). Recent actuarial accreditation (ASA or FSA) or near-ASA credentials required4+ years of group health benefits experience at a brokerage/consulting firm or insurance carrierMust have the ability to compile, analyze, present, and interpret financial and statistical information to facilitate decision makingKnowledge of all aspects of the healthcare marketplace including plan design, pricing, reserving, benchmarking, and financial management/analysisPersonal presence to interface in client and prospect organizations, representing Lockton in a professional mannerOrganizational and time management skills to prioritize workloads to meet time sensitive deadlines required, along with the ability to work independently under the supervision or guidance of others.Must be results-oriented with the ability to change priorities as neededExcellent verbal, written, and interpersonal skills to interact with clients and associates at all levels of responsibilityExcellent quantitative, analytical, and problem-solving skillsStrong knowledge of Microsoft Products (particularly Excel); skill in using computer application software for financial modeling, statistical analysis, and other database analysesAbility to travel as needed#LI-HybridAdditional InformationMaximum Salary :US Dollar (USD) 125,000Minimum Salary:US Dollar (USD) 80,000