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Emergent Holdings Senior Actuarial Analyst in Lansing, Michigan

This position supports Emerging Markets' profitable growth and effective use of capital through analyses and reporting on risk, financial metrics, capital, reinsurance, and other topics in order to support strategic decision making. Strong analytical and communication skills are required. This role is comprised of three focus areas: capital management, corporate actuarial, and MA risk adjustment. Role spans all areas of Emerging Markets, including P&C and health insurance segments. Capital management measures key risks from both an internal perspective and a ratings agency perspective, by simulating the impact of key risks on financial results. Capital model results assist in allocating capital, establishing profitability targets, and incorporate consideration of risk and volatility into annual business plans. Capital management also includes monitoring exposure for adherence to corporate risk tolerances. Corporate actuarial serves as a consulting actuary by linking technical work to practical insights; it is responsible for the development and management of strategic pricing and forecasting architecture for Medicare related products and services in COBX. This position designs, leads and performs advanced financial and actuarial analyses in support of department objectives, and undertakes special projects and ad hoc problem solving. This position requires the understanding of insurance and business operations within Emerging Markets including, AF Group and COBX. RESPONSIBILITIES/TASKS by FOCUS AREA: Capital Management: * Capital model parameterization and maintenance. * Support stress testing through development of key risk scenarios to illustrate potential adverse risk outcomes, the resulting impact to key metrics, and the impact of mitigation strategies. * Analyses aggregate enterprise capital requirements through application of risk tolerances. * Produces actuarial indication of business segments' risk-adjusted capital. * Provide assistance to rating agency requests requiring actuarial assistance. * Development and maintenance of risk adjusted performance metrics. * Development of volatility ranges around key metrics and risk factors, including range for reasonable and extreme events, tracking forecasted deviation within ranges, adjusting ranges to reflect development throughout the year, and submission of ranges to parent company. * Support enterprise risk management reporting, including scorecards, snapshots, and own risk solvency assessments. Corporate Actuarial: * Monitor, analyze, and forecast trends and risks across Emerging Markets * Complete ad hoc actuarial analysis as requested to support and inform the bid process. * Analyze profitability across business segments and effectively communicate results. * Gather and evaluate competitive information and advise on potential competitive strategies. * Analyze pricing of insurance products and develop prospective profitability assessments, and communicate results as requested. * Monitor results relative to strategic plans and metrics. * Develop and maintain tool to forecast of key actuarial assumptions supporting Senior Health Services forecast and annual plan. * Monitor industry results and trends and Emerging Markets relative performance to the industry. * Calculate and forecast Medicare Advantage risk scores and revenue. * Experience with Medicare Advantage products is a plus but is not required. Specific Responsibilities by Job Title: Actuarial Analyst: * Perform routine actuarial analyses requiring the application of acceptable actuarial techniques, procedures and criteria. * Analyze completed work for reasonableness and accuracy; utilize judgment in recommending specific courses of action considering the internal, external and customer impacts. * Learn, use and implement programming and maintain analytical programs with limited direction. * Utilize data management and structure techniques with limited direction and oversight. * Develop and enhance procedures incl

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