Ullico Seeks an Associate Actuary

MyHealthGuide Source: Ullico Inc., 10/25/2021

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Ullico Inc. is actively recruiting an Associate Actuary. Reporting to the Corporate Chief Actuary, this position will provide direction to or performance of all actuarial aspects for the stop loss business unit, including, but not limited to: product design, pricing, implementation, and maintenance; valuation of actuarial reserves and liabilities; financial reporting; and risk management. Assists with other corporate projects, as needed.

Job Duties/Responsibilities are as follows

• Directs and performs the monthly, quarterly and annual calculation of actuarial reserves and liabilities on a Statutory, GAAP, and Tax basis.
• Directs and prepares the preparation of quarterly and annual valuation and financial management reports.
• Directs and prepares statistical experience reports for state insurance departments.
• Directs product profitability by recommending corrective action when experience studies suggest changes are needed.
• Analyzes and evaluates trends for discussion with management and to support Group Underwriting pricing objectives
• Collaborates with Group Underwriting on stop loss rate manuals and pricing decisions.
• Directs and prepares rate filings for regulatory approval.
• Manages product and corporate risk through reinsurance.
• Supports annual cash flow testing.
• Develops and maintains professional relationships with state insurance departments and internal and external auditors.
• Supports with technology development of core company systems including automations and upgrades to the stop loss system.
• Perform other similar and related duties as required.

We offer a competitive starting salary and an outstanding benefits package including health/dental/vision, 401(k) and pension plan. For immediate consideration please forward your cover letter and resume to HRDRESUME@ullico.com (please include position title in the subject line). Fax 202/962/8857. Ullico is an Equal Opportunity Employer.

About Ullico

For over 90 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement. From insurance products for members, leaders and employers, to investments that have created thousands of union jobs, our customers continue to count on Ullico to protect them. The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, Inc.; Ullico Investment Company, Inc.; and Ullico Investment Advisors, Inc. Visit ullico.com.