Actuary (090819)
Manitoba Blue Cross
Winnipeg, MB
Manitoba Blue Cross was born out of a desire to protect our fellow Manitobans during life’s most unexpected and sometimes challenging moments. This remains our driving force today, and fuels our ongoing commitment to providing superior health and wellness benefits that are delivered with compassion and excellence in service.

As an independent and not for profit organization for over 40 years, we provide health, dental, employee assistance, disability, travel and life coverage to over half a million Manitobans.

At Manitoba Blue Cross, our people are the key to our success! Consider becoming part of our team of professionals committed to providing exceptional customer service.

Join us as we serve our neighbours to support and strengthen our community.

JOB TITLE Actuary (090819)

REPORTS TO Corporate Actuary

POSITION SUMMARY
This position is the most senior pricing position in the organization responsible for both group and individual lines of business. As a member of the Product Development & Pricing team the incumbent will also work on product development and analytical tasks to support the growth, retention and improvement of both lines of business. The incumbent will also support the Group Underwriting team with complex quotes and renewals.

DUTIES AND RESPONSIBILITIES
  • Establishes and leads the methods, formulae and procedures to be used in rating health and dental coverage for both group and individual business.
  • Establishes rates for all product lines and recommends the appropriate rates to ensure financial viability.
  • Leads plan option pricing for group medical, dental, disability, life and prescription drug benefit plans including consumer-driven health options.
  • Leads the preparation of comprehensive costing factors for inclusion in administrative expense loads of the products.
  • Plays an instrumental role in the innovative development of new products and benefits.
  • Develops pricing strategies for new products.
  • Reviews the competiveness of benefit plans and administrative contracts.
  • Prices stop loss insurance programs.
  • Leads the analysis of the plan design and administrative needs of an employer’s benefit plans.
  • Recommends development, implementation and management of underwriting policies and business processes; improvements in quality and/or productivity, cost reductions, competitive benchmarking, organizational analysis and customer service improvements.
  • Evaluates and negotiates administrative and insurance bids.
  • Performs advanced strategy and design consulting to include the following: benefit strategy, goal setting, benchmarking, plan design, pricing strategy, bid/selection projects, health plan management.
  • Oversees the performance of detailed experience analyses including comparisons to benchmarks.
  • Leads, motivates, coaches and supports a team of staff.
  • Represents Manitoba Blue Cross on national and/or industry committees.
  • Oversees the negotiating and management of reinsurance arrangements.
  • Ensures satisfactory experience in insurance risks.
  • Monitors the corporate capital levels and IBNR claims reserves.
  • Exhibits leadership in business judgment in anticipating client/project needs and developing alternate solutions.
  • Participates in/facilitates complex client meetings to measurable results.
  • Exhibits thought leadership for Manitoba Blue Cross. Understands and can articulate Manitoba Blue Cross point of view to clients.
  • Creates an effective environment that ensures the underwriting function is lead, motivated, and developed with clear performance objectives.
  • Ensures appropriate and effective staffing levels within the department through effective workforce planning, interviewing and candidate selection, as required.
  • Provides strategic advice and recommends policy on underwriting issues to the Corporate Actuary.
  • Provides underwriting expertise and guidance to underwriting, sales and marketing personnel.
  • Forms effective teams; sharing client background and goals, measuring results, sharing ideas, identifying process improvements, and providing timely and regular coaching and feedback to team members.
  • Acts as a strategic resource for Group Business Account Executives.
  • Actively engages in peer review; has documentation reviewed before distribution outside the organization and reviews others work.
  • Participates in the development of strategic and operational objectives at a departmental and corporate level.
  • Acts as a leader for a variety of corporate initiatives under the area of expertise.
SKILLS AND QUALIFICATIONS

  • Dedicated to the principles of exceptional service; committed to responding to, anticipating and addressing customer needs, for both internal and external customers.
  • Preference will be given to Fellows of the Society of Actuaries and Canadian Institute of Actuaries. Associates completing Fellowship will also be considered.
  • A minimum 7-10 years of experience within the life and health insurance industry.
  • Significant level of mathematics or statistics knowledge and ability.
  • Strong analytical and problem solving skills with strict attention to detail and accuracy.
  • Self-directed, with exceptional organizational skills and a proven record of managing and prioritizing multiple tasks within varied and dynamic timelines on an ongoing basis.
  • Self-motivated individual; able to work independently with minimal supervision.
  • Accepts personal responsibility for completing tasks and takes appropriate action as required.
  • Excellent interpersonal skills with the ability to deal with all levels within the organization in a team environment.
  • Exercises sound judgment, tact and discretion when handling confidential corporate records.
  • Effective communicator with strong verbal, written and reporting writing skills.
  • Strong change management and time management acumen.
  • Demonstrated leadership skills, with proven ability to motivate, coach and support a team of staff.
  • Broad business knowledge/prospective.
We offer competitive salary, a generous employer-paid benefits package, a flex work schedule, generous vacation, and a health and wellness program with an on-site fitness centre. We are committed to creating a rewarding environment to foster learning and development for our staff. If you are interested in joining our team, please forward a resume and cover letter, indicating salary expectations, by September 27, 2019.

Thank you for your interest, we look forward to reviewing your application.

All qualified applicants will receive consideration for employment without regard to race, national or ethnic origin, colour, religion, age, sex, sexual orientation, gender identity or expression, marital status, family status, genetic characteristics, disability and conviction for an offence for which a pardon has been granted or in respect of which a record suspension has been ordered.

Only those being considered for the selection process will be contacted.