Actuary jobs in Pennsylvania

Actuary conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Being an Actuary develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Typically requires a bachelor's degree. Additionally, Actuary typically reports to a supervisor or manager. The Actuary works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

H
Actuary
  • Highmark Inc.
  • Remote Position, PA FULL_TIME
  • Company :

    Highmark Inc.

    Job Description : 

    JOB SUMMARY

    This job is an ASA Certified actuary position that initiates and leads the development of actuarial studies and analyses.  Gives direction to less experienced staff and will represent the department's perspectives and needs in cross disciplinary settings.  The incumbent applies actuarial techniques and statistical analysis to several functions, including insurance premium and pricing development, claim trend analysis, experience studies, medical economics, profitability analysis, wellness studies, predictive modeling, or claim reserving.

    ESSENTIAL RESPONSIBILITIES

    • Outline data requirements for a study or analysis.  Give direction to less experienced staff and review the appropriateness of the results in light of experience and industry knowledge.
    • Initiate and lead the development of studies, analyses, and presentation materials needed to appropriately inform decision makers.  Make appropriate recommendations to senior management across teams both within the actuarial department and across other departments.
    • Proactively ensure the internal and external consistency of all work.  Perform reasonability checks dependent on advanced industry knowledge and experience.  Promptly and efficiently identify outliers and anomalies in the work of others.  Identify methods to test whether suspect results are correct.  Form reasonable approximations in advance of results of an analysis and determine whether deviations are reasonable or suspect.  
    • Understand the environment, goals, and objectives of the incumbent's own position, their team, and all internal customers.  Demonstrate a thorough understanding of both corporate and division goals and values.  Apply corporate, professional, and industry knowledge & insight to all tasks under incumbent's control or influence.  Effectively advocate across entire corporation for appropriate positions, processes, and systems which can reasonably be adopted.
    • Manage own time and resources across many projects, focusing on quality, time, scope, usefulness, and appropriateness of work.  Routinely plan and organize work of less experienced staff.  Mentor and assist in development of less experienced staff.  Keep manager informed.
    • Use effective communication to present information and provide decision support to team members and executive management.  Appropriately balance the need for clarity and brevity with the need to fully inform customers of all aspects of a situation which may be material to a decision.
    • Represent department's perspectives and needs in cross disciplinary settings.  Consistent with the direction and expectations of incumbent's supervisor: evaluate proposals; clearly communicate impacts and issues to both internal and external audiences; and, negotiate appropriate compromises and solutions.
    • Other duties as assigned.

    EDUCATION

    Required

    • Bachelor's Degree in Actuarial Science, Mathematics, Statistics or closely related field

    Substitutions

    • None

    Preferred

    • None

    EXPERIENCE

    Required

    • 5 - 7 years of Actuary experience in area of specialization

    Preferred

    • Pursuing FSA exams towards FSA Certification

    LICENSES AND CERTIFICATIONS

    Required

    • Associate of the Society of Actuaries (ASA)

    Preferred

    • Fellow of the Society of Actuaries (FSA)

    SKILLS

    • Possesses and applies a comprehensive and in-depth knowledge of actuarial principles, concepts, practices and processes within the field of specialization
    • Possesses significant expertise to complete complex assignments and ability to visualize, articulate, and solve complex problems while leading others to complete complex assignments
    • Develops, designs, and tests analytic frameworks to solve complex problems using innovative approaches
    • Assignments are broad in scope and require depth of knowledge as well as ingenuity and originality.
    • Analytical Skills
    • Oral & Written Communication Skills
    • Problem-Solving

    Language (Other than English)

    None 

    Travel Required

    0%  - 25%

    PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

    Position Type

    Office-Based

    Teaches / trains others regularly

    Occasionally

    Travel regularly from the office to various work sites or from site-to-site

    Rarely

    Works primarily out-of-the office selling products/services (sales employees)

    Never

    Physical work site required 

    Yes

    Lifting: up to 10 pounds

    Constantly

    Lifting: 10 to 25 pounds

    Rarely

    Lifting: 25 to 50 pounds

    Never

    Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

    Compliance Requirement : This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

    As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times.  In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. 

    Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

    Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability. 

    EEO is The Law

    Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled/Sexual Orientation/Gender Identity ( https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf )

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    For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org

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  • 17 Days Ago

A
Enrolled Actuary
  • Ascensus
  • Dresher, PA FULL_TIME
  • FuturePlan is the nation's largest third-party administrator (TPA) of retirement plans, partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: high-touch personalized ...
  • 24 Days Ago

L
Associate actuary
  • Lincoln Financial
  • Radnor, PA FULL_TIME
  • Alternate Locations : Work from Home; Charlotte, NC (North Carolina); Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Omaha, NE (Nebraska); Radnor, PA (Pennsylva...
  • 1 Day Ago

L
Associate actuary
  • Lincoln Financial Group
  • Radnor, PA FULL_TIME
  • What you'll be doing Support the group’s actuarial initiatives and on-going business needs Complete assigned projects with impactful outputs Build relationships across different business units and act...
  • 3 Days Ago

W
Associate actuary
  • WAHVE
  • Allentown, PA FULL_TIME
  • Put your Insurance Experience to work FROM HOME! At Wahve , we value significant insurance experience and want to revolutionize the way people think about phasing into retirement by offering qualified...
  • 5 Days Ago

H
Senior Actuary
  • Highmark Inc.
  • Remote Position, PA FULL_TIME
  • Company : Highmark Inc. Job Description : JOB SUMMARY This job is an individual contributor actuary position that initiates and leads the development of actuarial studies and analyses. Provides direct...
  • 17 Days Ago

U
Actuary
  • USAA
  • Colorado Springs, CO
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/28/2024 12:00:00 AM

A
Actuary
  • Amtex Systems Inc.
  • Atlanta, GA
  • Role – Actuary – 3 Roles Location – ON site preferred, open to remote. Length 9 months Scope: Coordinates, prepares, and...
  • 3/28/2024 12:00:00 AM

P
ACTUARY
  • PRI Technology
  • Whitehouse Station, NJ
  • Job Description Job Description ACTUARY My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
  • 3/26/2024 12:00:00 AM

U
Actuary
  • USAA
  • Phoenix, AZ
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/26/2024 12:00:00 AM

U
Actuary
  • USAA
  • Tampa, FL
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/25/2024 12:00:00 AM

U
Actuary
  • USAA
  • San Antonio, TX
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 3/25/2024 12:00:00 AM

S
Intern - Actuarial
  • Sanford Health
  • Sioux Falls, SD
  • Create Your Career With Us! Sanford Health is one of the largest and fastest-growing not-for-profit health systems in th...
  • 3/24/2024 12:00:00 AM

I
Actuary
  • Insight Global
  • Columbus, OH
  • Day to Day: As an Actuary, you'll show a mastery of business operations, systems and actuarial methodologies. You will p...
  • 3/24/2024 12:00:00 AM

Pennsylvania (/ˌpɛnsɪlˈveɪniə/ (listen) PEN-sil-VAY-nee-ə), officially the Commonwealth of Pennsylvania, is a state located in the northeastern and Mid-Atlantic regions of the United States. The Appalachian Mountains run through its middle. The Commonwealth is bordered by Delaware to the southeast, Maryland to the south, West Virginia to the southwest, Ohio to the west, Lake Erie and the Canadian province of Ontario to the northwest, New York to the north, and New Jersey to the east. Pennsylvania is the 33rd-largest state by area, and the 6th-most populous state according to the most recent of...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$71,442 to $91,142

Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019