Health Actuarial Associate

📋 Description

• • As a Health Actuarial Associate at Brown & Brown Insurance, you will play a pivotal role in delivering accurate financial analyses and supporting strategic decision-making across a diverse portfolio of health and benefit programs. This position is integral to our commitment to providing exceptional service and innovative solutions to our clients, operating within a culture that rewards meritocracy and customer focus.
• • You will be responsible for the meticulous management and accurate delivery of financial analyses, encompassing critical areas such as projections, contribution setting, and Incurred But Not Reported (IBNR) development. Your expertise will directly influence the financial health and strategic direction of our health and benefit offerings.
• • A key aspect of this role involves assisting in the development of strategies for a comprehensive range of programs, including medical, pharmacy, dental, life, and disability insurance. You will contribute to shaping the future of these offerings by providing insightful analysis and recommendations.
• • You will be tasked with creating high-quality actuarial deliverables, ensuring they meet the highest standards of accuracy and clarity. Furthermore, you will provide essential direction and guidance to other colleagues on the team, fostering a collaborative and productive work environment.
• • A significant part of your contribution will involve mentoring junior team members. You will share your knowledge, guide their development, and help them grow their actuarial skills, thereby strengthening the overall capabilities of the team.
• • You will proactively research and stay abreast of industry, regulatory, and legislative trends that impact actuarial calculations. This includes understanding how these trends affect risk assessment, liability estimation, and cost analysis for both customer and government reports.
• • Your role will extend to adding tangible value by implementing creative and effective solutions for our customers. This requires a blend of analytical prowess and innovative thinking to address client needs and challenges.
• • You will be instrumental in fostering and seeking out relationships with teammates across all levels of Piper Jordan and Brown & Brown. Building strong internal networks is crucial for collaboration and knowledge sharing.
• • Ensuring strict compliance with all relevant government agencies and corporate policies and procedures is paramount. You will maintain the highest standards of ethical conduct and regulatory adherence.
• • Continuous professional development is expected. You will attend training sessions, courses, and other learning opportunities to maintain and enhance your actuarial skills and industry knowledge.
• • You are expected to always conduct yourself with the highest level of confidentiality, safeguarding sensitive client and company information.
• • You will undertake other duties as needed, demonstrating flexibility and a willingness to contribute to the broader goals of the team and the company.
• • This role requires a strong foundation in employee benefit underwriting, with a thorough understanding of complex benefit concepts such as healthcare management, flexible benefits, and alternative funding mechanisms. Your analytical and mathematical skills, coupled with a strong command of Excel, will be essential for success.
• • You will leverage your strategic planning skills to contribute to the long-term vision and execution of our benefit programs. Excellent interpersonal, oral, and written communication skills are vital for effective collaboration and presentation of findings.
• • Strong organizational and project management abilities are necessary to prioritize and manage multiple complex tasks within a demanding work environment. Your critical thinking and analytical problem-solving skills will be key to navigating challenges and identifying opportunities.
• • The ability to manage, motivate, and mentor more junior staff is a core responsibility, alongside the capacity to work effectively both independently and as part of a collaborative team.