This position could be based out of our London Office or ideally our Princeton, New Jersey Office with a Hybrid Flex Schedule.
Global Benefits Group (GBG) is a global health care insurer focused on corporate, expatriate, high net worth, students, and travel customers. Global Benefits Group is seeking a talented actuary to support our fast-growing business. The candidate will primarily work on loss reserving, data and risk management analytics for our corporate and regional operations.
Additionally, this role will support specific projects in the areas of M&A, profitability management and strategic planning.
We would like the candidate to work out of our Princeton NJ office.
Work with our Chief Risk Officer and Chief Actuary on critical projects.
Work closely with our Regional Managing Directors and Regional Actuaries to achieve our growth and profit goals.
Contribute to the pricing and reserving functions for our core product set, including International Private Medical Insurance (IPMI), Group Medical, Disability, and Travel.
Establish and update the regional IBNR reserves for all product lines.
Work with underwriting and business colleagues to support the healthy development of the portfolio.
Engage in product development by providing pricing, plan design and contractual analysis.
Provide all necessary actuarial memoranda, technical notes, rating manuals, spreadsheet raters, and online web rate portals as needed.
Analyze GBG’s performance (including losses, expenses, and risk-adjusted returns).
Provide periodic rate and reserve adequacy assessments by product and other loss and expense experience studies.
Contribute to GBG’s Data Governance Committee to help improve the collection, analytics, and reporting of management information across the Company.
Develop product and portfolio loss distribution models which will help enable portfolio optimization.
Provide financial models as needed to help evaluate new business opportunities, new markets, M&As, and other initiatives.
Respond to regulatory and rating agency questionnaires.
Collaborate with business partners both within and outside GBG on a broad range of business, technical, and strategic issues
Knowledge & Skills:
Candidate is a demonstrated business leader and experienced in health, life, and disability insurance and products. Knowledge of the International Private Medical Insurance business is desirable. Student and Travel lines of business are also desirable.
Candidate has knowledge of accounting and financial management.
Written and verbal communication skills, teamwork, and organizational skills
Strong project and time management skills. Demonstrated ability to multi-task as needed. Drive to complete and resolve issues.
Able to work both independently and be a pro-active collaborator.
Proficient in Microsoft Office suite of products. Knowledge of SQL is highly desirable
Demonstrates excellent problem-solving skills
Exhibits strong intellectual capacity and curiosity
Applies objectivity, demonstrates common sense
Effective use of technology
Exhibits empathy; responsive to feedback
Strong work ethic and high standards
Able to co-ordinate cross functional resources
Values and promotes diversity
Education and Experience
Bachelor’s degree in Mathematics, Business or related field.
ASA, FSA or equivalent actuarial experience
Candidate has at least seven to ten years of insurance knowledge and experience with Pricing, Product Development and Reserving techniques
Candidate understands private medical markets (outside of the US market knowledge is also desirable)