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Actuary- HealthRisk & Regulatory Consulting, LLCPosition OverviewAs an Actuarial Consultant you will work with a team of industry professionals on regulatory consulting and other insurance industry engagements. This position has opportunity for advancement as well as personal and professional growth.
Specific Duties and Responsibilities(Responsibilities may vary slightly depending on seniority level)Serve as health actuarial consultant on client engagements including; prepare original actuarial analysis, coordinate internal resources, advise project team on potential solutions and strategies to meet project goals and client needs, adhere to project budget and timelines.
Requirements- Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics; MBA and/or professional certification/s preferred
- Minimum of 5+ years professional experience in a state insurance department, health insurance company, financial services or consulting firm
- ASA, FSA, MAAA, FSPA or MSPA designations preferred
- Experience with Affordable Care Act (ACA) required, and ACA pricing is strongly preferred
- Medicare, Medicaid preferred
- Knowledge of actuarial concepts: health rating, underwriting, financial modeling and analysis, risk management, product development and pricing, actuarial software implementation, annuity, or reinsurance.
- Demonstrated problem solving skills
- Strong understanding of insurance rates/pricing and regulatory requirements for supporting reserve levels
- PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skills in TeamMate, ACL/Access, Visual Basic, MS Excel and other applications)
- Ability to interact with all levels including executives and senior managers
- Strong interpersonal, presentation, analytical and statistical sampling skills
- Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments
- Exceptional written and verbal communication skills are required
- Dynamic/flexible demeanor with exceptional client service skills
- Forward-thinking leader with a collaborative focus who can consult effectively with key constituents and become recognized as a valued resource
- Must be self-motivated and possess a sense of urgency
- Skilled in team building and team development
- Ability to possibly travel-work is primarily remote
- Ability to demonstrate ethical and professional standards as outlined by the Firm
Risk & Regulatory Consulting, LLC (RRC) was formerly a business segment of RSM US LLP (formerly McGladrey) until 2012 when the separate legal entity was formed. RRC is a strategic business partner with RSM providing actuarial and insurance industry consulting services to RSM clients.
Risk & Regulatory Consulting, LLC (RRC) is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. With over 120 experienced insurance professionals located in 22 states, we believe RRC is uniquely positioned to serve state insurance departments. We offer services in the following regulatory areas: financial examinations, market conduct examinations, insolvency and receiverships, actuarial services and valuations, investment analysis, reinsurance expertise, market analysis and compliance, and special projects. We are a results oriented firm committed to success that builds long term relationships with our clients.
RRC is managed by seven partners and our practice includes full time professionals dedicated to our regulatory clients. We are focused on listening to your needs and designing customized examination, consulting, and training solutions that address your needs. We bring multiple service lines together to provide superior and seamless service to our clients. We are committed to training our customers and our team. We have developed various comprehensive in house training programs that have been tailored to meet the needs of our regulatory clients. We offer competitive pricing, outstanding experience, credentials and references. RRC is an active participant in the NAIC, SOFE, and IRES.
At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.
As an Affirmative Action and Equal Opportunity Employer all applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender (including gender identity and/or gender expression); sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at [redacted] or send us an email at [redacted].
RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.
RSM will consider for employment qualified applicants with arrest or conviction records in accordance with the requirements of applicable law, including but not limited to, the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the San Francisco Fair Chance Ordinance. For additional information regarding RSM's background check process, including information about job duties that necessitate the use of one or more types of background checks, click here.
At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.
Compensation Range: $92,100 - $185,400
Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.
