Senior Actuary - Small Group Jobs

Pursue a pivotal leadership role in the healthcare insurance sector by exploring Senior Actuary - Small Group jobs. This specialized profession sits at the critical intersection of advanced mathematics, business strategy, and regulatory compliance, focused on the small group health insurance market. Senior Actuaries in this domain are analytical leaders responsible for ensuring the financial stability and competitive pricing of insurance products sold to small businesses, typically those with 1-50 or 1-100 employees. They are the architects of risk assessment, using sophisticated models to predict future healthcare costs, utilization trends, and the financial impact of new legislation like the Affordable Care Act. Professionals in these roles typically manage a wide array of responsibilities. Their core duty involves developing, maintaining, and validating premium rates and pricing models that are both competitive in the market and adequate to cover projected claims and expenses. They perform detailed reserving work, calculating the liabilities associated with current policies. A significant part of the role includes financial forecasting and reporting, analyzing monthly results, explaining variances, and presenting findings to senior management to guide strategic decisions. Furthermore, they ensure strict compliance with state and federal regulations, preparing and submitting required filings and actuarial certifications. To excel in Senior Actuary - Small Group jobs, individuals must possess a deep analytical skill set and specific qualifications. A Fellow of the Society of Actuaries (FSA) or Associate (ASA) designation is typically a fundamental requirement, coupled with extensive experience in health pricing, particularly within the commercial group market. Mastery of actuarial software (like AXIS, MG-ALFA) and advanced proficiency in Excel, SQL, and often programming languages like Python or R are essential. Beyond technical prowess, successful candidates demonstrate strong business acumen, exceptional communication skills to translate complex data into actionable insights for non-actuaries, and proven leadership in mentoring junior staff. If you are a strategic actuary seeking to directly influence product development and financial health in a dynamic market, exploring Senior Actuary positions in the small group space offers a challenging and rewarding career path. Discover opportunities where your expertise shapes the landscape of small business healthcare coverage.