Actuarial Student

POSITION SUMMARY

 

Under the direct supervision of the Associate Actuary, is responsible for assisting with financial reporting and data analysis for Everence’s employer-sponsored health insurance.

 

RESPONSIBILITIES AND DUTIES

 

1. Organize and update enrollment, premium, and claims data related to employer sponsored health insurance.   Create regular and ad hoc reports as requested.
2. Conduct actuarial rating analysis for employer sponsored health plans. Utilize Microsoft Access, Excel and Visual Basic to obtain and analyze data.
3. Calculate reserves for assigned Everence health plans. Note patterns, trends, and unusual changes. Conduct testing and provide input into maintaining models.
4. Assist clients by evaluating the impact of potential employee health benefit design changes.
5. Develop knowledge of actuarial work, insurance principles, industry trends, and regulation through industry and actuarial resources. Learn about Everence practices through contact with persons at Everence.  
6. Assist as needed in actuarial analysis related to rating and reserving of Everence’s Annuity, Life and Senior Health product lines
7. Work aggressively toward gaining professional actuarial status by preparing for actuarial exams.

 

QUALIFICATIONS

 

Education:    

1. A bachelor's degree in mathematics, actuarial science, business, computer science, finance or related field, including a background in calculus, algebra, probability, and statistics.
2. Completion of several exams for the professional designation of Associate of the Society of Actuaries is desirable, although not required.

 Experience:    None

 

Skills/Abilities:

 

1. Analytical and mathematical aptitude.
2. Strong attention to detail and ensuring accuracy
3. Self-motivation to study actuarial syllabus materials without supervision and to complete work assignments.
4. Creative ability to solve mathematical and analytical problems and use computer resources effectively.
5. Some programming abilities.
6. Ability to communicate effectively with both actuaries and non-actuaries.
7. Proficiency with Microsoft Excel and Microsoft Access.
8. Sensitivity to Everence’s mission. 

 

SUPERVISORY RESPONSIBILITIES:  None