Health Actuarial Consultant

BPAS is a national provider of retirement plan administration, employee benefit solutions, and fiduciary and trust services. For more than 50 years, we’ve redefined what it means to be a benefits partner. We combine deep expertise, transparent service, and a people-first approach to make benefit plans easier, smarter, and more effective for everyone involved.

As a financially stable subsidiary of Community Financial Systems, Inc. (NYSE: CBU), we support 10,375 plans, $132 billion in trust assets, $1.3 trillion in fund administration, and more than 980,000 participants in partnership with advisors, trustees, and financial professionals across the nation. One partner. Smarter benefits. Better results.

The candidate will work within our Health Benefit Consulting Services practice on the health and benefit programs of mid-large size clients.

Essential

Skills:

• Perform actuarial valuations, including development of retiree-specific claims costs, following applicable accounting standards and actuarial standards of practice, including ASC 715-60, GASB 75, and Statutory accounting
• Analyze financial implications associated with active and retiree health benefits programs, including actuarial cost projections for alternative plan designs, contribution strategies, and plan administration
• Strong knowledge of Health & Welfare plan designs, funding arrangements, pricing strategies, provider networks, and competitive market practices
• Advise clients regarding state and federal statutory, regulatory, and other compliance related issues
• Develop active and retiree-specific premium equivalent rates for budgeting and COBRA administration
• Develop claims reserves for self-insured plans
• Utilize valuation software and programming as well as Microsoft Office suite
• Utilize standardized spreadsheet tools and develop customized models for special projects
• Interface with clients and communicate resulting analysis both verbally and via written reports
• Identify opportunities for new sales or cross-selling potential

• Minimum of a Bachelor’s degree from an accredited college or university with a major in Mathematics, Statistics, Actuarial Science, Economics or other related field
• ASA or FSA credentials
• Minimum 8 years experience with GASB 75 retiree health valuation experience preferred
• Knowledge of Health & Welfare plan design, pricing strategies, and competitive market practices
• Strong analytical, technical, and problem solving skills
• Excellent communication skills and client service mentality
• Attention to detail, organization, and ability to prioritize in a rapidly changing environment
• Ability to manage multiple projects simultaneously and produce high-quality deliverables in a timely manner
• Conscientious, self-motivated, and able to work independently as well as collaboratively with a team
• Project management experience and aptitude to train, mentor, and review work of entry level actuarial analysts

• Well-developed written and oral communication skills
• Ability to be highly organized and show an attention to detail
• Ability to prioritize work assignments and multitask
• Analyze problems and issues and implement solutions or present possible solutions to supervisor
• Display a high level competency with Microsoft Word and Excel, as well as personal computer skills and other industry specific software

Compensation:
Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!

Physical Requirements:

The physical demands described…