Aetna Senior Actuarial Analyst (Nearly qualified) in Farnborough, United States

Req ID: 50133BR

Senior Actuarial Analyst

Family Summary/Mission: Overall mission of Actuarial is to protect Aetna's financial integrity with sound reserving and risk management practices as well as product designs that meet customer needs and pricing that produces returns to shareholders commensurate with the risks undertaken. Actuarial is responsible for anticipating and recognizing matters that materially affect financial integrity and making sound, unbiased reports on these issues.

Position Summary/Mission :

You will play a key part in the pricing and planning function of Aetna International (AI). AI has ambitious expansion plans, with the acquisition last year of one major domestic South East Asian insurer and further plans in the pipeline and so we expect the actuarial function to expand and grow in response to this creating further opportunities in the future.

Reporting into the Actuarial Manager for consumer business, you will be responsible for technical analysis supporting the EMEA and APAC regions. You will also play a key part supporting central development projects, business planning, experience monitoring and M&A activities.

You will leverage strong technical and analytical skills to develop pricing and product design solutions, remaining cognisant of commercial environment of the market and the financial goals of the business.

Fundamental Components & Physical Requirements:

Leadership :- Management of Resources- Lead/manage projects established to support goals identified in strategic operating plans. Influence/motivate resources within and outside of direct control to complete projects. Exhibit innovative use of resources. Scope of Decision Making Authority- Broad decision making authority typically tied to level of financial impact. Staffing/Personnel- Manage staff, including responsibility for hiring and termination decisions. Perform all other supervisory responsibilities for direct reports, including job coaching, performance management, and compensation determinations. Ensure access to appropriate tools, resources and training.

Aetna Way- Exhibit behavior that reflects Aetna s values and is in accordance with the Aetna Way. Product & Business Knowledge:- Assumptions & Data Sources- Review assumptions developed by staff from a business perspective and be able to defend work to senior management. Integrate understanding of internal and external data sources for quantifying risks. Programs, Policies & Processes- Apply knowledge of interdepartmental products, programs, processes and policies to resolve problems and issues. Regulatory Issues- Assure compliance with applicable regulations, laws and standards. Risk Analysis & Management:- Risk Assessment- Partner with business managers to provide sound risk management advice. Rate Filing- Direct and observe regulatory process. Respond to internal and external auditors. Validate and/or sign certifications of compliance. Reserve Analysis

Review reserve analyses and recommend appropriate reserve levels. Planning & Forecasting- Review and interpret models and make recommendations for planning, forecasting and 7 reporting process. Pricing, Trend & Benefit Design- Oversee and recommend pricing and trend for product and/or services. Understand and communicate financial impact on business plan to business unit management. Technical Proficiency:- Use of Technology- Develop creative technical solutions to a variety of problems. Stay apprised of technical innovations as potential solutions for actuarial issues and concerns. Development & Implementation- Oversee/manage the development and implementation of tools and models. Maintenance & Enhancements- Prioritize changes and enhancements to processes, tools and systems. Define staffing support and resource allocation. Business Specifications- Signoff on detailed business requirements for systems development. Testing- Review testing results for changes to processes, tools and systems. Communication, Collaboration & Consultation:- Constituent Focus- Leads interdepartmental teams to shape process and policy. Verbal & Written Communication- Address most complex inquiries. Have direct interaction with internal and external constituents. Maintain accurate documentation and manage training and user support for tools and processes. Interaction with Constituents- Initiate and support collaboration with internal and external constituents.Background/Experience Desired: · The ideal candidates will have five years actuarial experience in non-life and/or healthcare.

Educational Requirements:University degree

Nearly qualified / progression through actuarial exams.

Job Function: Unknown