Actuarial Liaison

Posted 4 Days Ago
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Kansas City, MO, USA
In-Office
Entry level
Insurance • Financial Services
The Role
Assists with developing, implementing, testing, and managing rates for group health and life insurance products. Responsibilities include preparing actuarial memoranda and state rate filings, responding to regulatory objections, researching filing requirements, calculating premiums, testing Excel and online rate calculators, organizing documentation, and coordinating with actuaries, marketing, underwriting, compliance, administration, and regulatory stakeholders.
Summary Generated by Built In


Fidelity Security Life Insurance Company®, and its affiliates (“FSL”), is a profitable and growing organization that offers many of the industry’s most innovative individual and group supplemental health and life insurance products to clients, corporations, employers, and individuals, specializing in customized insurance products for niche markets. 


The Actuarial Liaison is responsible for assisting with rate related aspects of the development, implementation, and ongoing management of FSL’s group health and life insurance products in accordance with FSL’s objectives. 


This includes assisting with the coordination, development, and modification of rates for health and life insurance products through interaction with contracted outside actuaries/actuarial firms, FSL’s marketing partners, and internal actuarial, underwriting, compliance, administration, and marketing staff.


Expectations


  • Assist with preparing state specific actuarial memoranda and rate filing documents for pricing actuaries to review and sign
  • Assist with state rate filings and responses to state objection letters
  • Update the department’s documentation of rate and actuarial material filings and conditions of approval
  • Ensure rate related documents are organized and saved in the department’s electronic product folders
  • Test rate calculators built for FSL products (online and excel versions)
  • Calculate and prepare gross premiums upon request
  • Research and document state insurance department rate filing requirements
  • Prioritize assigned projects and deadlines with the assistance of management.
  • Provide management with regular updates on status of assigned tasks
  • Clear, concise, and professional communications
  • Accurate and timely completion of work and all other tasks as assigned


Competencies


  • Proficient use of Microsoft Office software, including Word and Excel
  • Excellent organization, math, critical thinking, and problem-solving skills 
  • Strong communication skills with customer service orientation
  • Basic research skills (search, investigation, and critical analysis)
  • Self-Motivated/Self-Starter
  • Detailed, Accurate, and Efficient
  • Successfully interacts with external clients and internal departments at all organizational levels
  • Capability to see projects in totality and ensure team-oriented success in a complete and timely manner


Requisites

  • Bachelor's degree
  • Basic knowledge of supplemental health, disability, and life insurance products
  • Basic understanding of insurance product pricing
  • Expert in use of Microsoft Excel
  • Insurance Rate Compliance experience preferred
  • Successful completion of mathematics coursework preferred
  • Successful completion of actuarial science coursework beneficial


We offer comprehensive benefits to full-time employees including company-paid medical, STD, LTD and life insurance plus voluntary dental, vision, life/AD&D insurance, 401(k) with company matching, generous paid time off and much more. 


We encourage applicants of all ages and experience, as we do not discriminate on the basis of an applicant’s age. 


ALL OFFERS OF EMPLOYMENT ARE CONTINGENT UPON THE PASSING OF A DRUG SCREEN AND BACKGROUND CHECK.


Skills Required

  • Bachelor's degree
  • Basic knowledge of supplemental health, disability, and life insurance products
  • Basic understanding of insurance product pricing
  • Expert proficiency in Microsoft Excel
  • Insurance rate compliance experience
  • Successful completion of mathematics coursework
  • Successful completion of actuarial science coursework
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The Company
HQ: Kansas City, MO
240 Employees
Year Founded: 1953

What We Do

Forrest T. Jones & Company (FTJ) is an insurance agency and administrator that was established in 1953 to provide insurance products and other financial services to members of associations and other affinity groups. FTJ currently provides insurance programs to more than 80 national associations and employer groups with more than 1.5 million members. We work with more than 30 of the nation’s leading insurance companies to provide members / employees with access to high quality insurance plans—many with special features and benefits not readily available elsewhere—at favorable group rates. As the flagship of an enterprise that includes two life insurance companies, a reinsurance company, and a FINRA broker/dealer, FTJ offers an exceptional level of strength and flexibility for our association and affinity group clients. Throughout the years, FTJ has worked hand-in-hand with its clients in adding value to member and customer programs through quality insurance products. FTJ has been family owned and managed since its inception, and we pride ourselves on maintaining close, personal relationships with our clients. We strive to meet their needs in a dynamic environment by applying the latest technology, marketing expertise, and our relationships in the insurance industry to attain the best possible insurance plans for their members and support those plans with old-fashioned, high-touch personal service. The company is headquartered in Kansas City, Missouri.

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