BCS Financial Corporation · 1 day ago
Head of Actuarial & Underwriting, SHS
Oakbrook Terrace, IL
Full-time
Hybrid
Director/Executive
10+ years expBCS Financial Corporation is seeking a Head of Actuarial & Underwriting for their Supplemental Health Solutions business segment. This role involves leading actuarial and underwriting strategies to support business development and ensure product compliance.
Financial ServicesHealth InsuranceInsurance
Hiring Manager
Brittany Thomas
Responsibilities
Provide strategic oversight and partnership to the BCBS Global Team in support of program growth
Review operational opportunities to structure the team processes, workflows and staffing model to plan for SHS growth objectives
Partner with the BCBS Global and the BCS Product Development teams to ensure sound risk management and rating of products at the outset. This includes the analysis and structuring of new products to achieve the expectations of long-term growth and profit goals
Establish and document new business and renewal rating bases that will ensure profitable underwriting results. Develop a manual rate and factor review process in support of rating
Provide oversight for the underwriting of BCS’ Supplemental Health Solutions (SHS). Lead in the development and sourcing of rating tools and applications that support the BCS and BCBS Global underwriting teams. Refine existing underwriting guidelines and manage changes and adherence to the guidelines
Partner with sales, marketing, BCBS Global executive leadership team and other strategic partners in support of new business opportunities to secure profitable revenue and distribution streams
Assess competitiveness of existing rating structures, product and underwriting criteria
Manage the regulatory compliance and the timely approval of state rate filings and actuarial memoranda/certifications
Ensure reserving methodologies and models for various lines of business are in place that comply with relevant actuarial standards and regulatory requirements
Support financial forecasts, budgeting, capital management and business plan projections. Provide input to business plan with the goal of profitable underwriting results and future business planning. This will include the review of business segment renewals including accurate management reporting of experience results
Provide mentorship and educational opportunities for BCS actuarial/underwriting and BCBS Global staff
Qualification
Required
Bachelor's Degree in Mathematics or Business required
Associate or Fellow of the Society of Actuaries designation required
Member of American Academy of Actuaries required
10+ years of insurance business experience
International healthcare and travel products
Fixed indemnity, hospital Indemnity, accident indemnity, and critical illness products
Life/disability insurance experience
Preferred
Continuing education relating to the maintenance of professional credentials (compliant status) preferred
Company
BCS Financial Corporation
BCS Financial Corporation has more than 75 years of experience providing a wide range of insurance and financial solutions for Blue Cross and Blue Shield organizations and commercial partners nationwide.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Christopher Halsey
Director, Service Partner Management
Dan Watkiss
Director, Service Partner and Account Management
Recent News
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