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About the Role
As an Insurance Actuarial Analyst with Frost, you will lead the collection, validation, and analysis of complex healthcare data to help the company remain competitive. This role combines a passion for insurance and actuary services to direct in-depth analysis of client claims experience, ensuring efficient and effective collaboration with integrity, caring, and excellence.
Responsibilities
- Lead the collection, validation, and analysis of complex healthcare data to deliver strategic financial reports, forecasts, and cost projections for health and benefits programs.
- Provide actuarial oversight of carrier underwriting, validating rates, assumptions, and methodologies while resolving discrepancies to ensure accurate and competitive pricing.
- Direct in-depth analysis of client claims experience (medical, pharmacy, stop-loss), producing budget vs. actual reporting and actionable insights to improve cost performance.
- Develop and manage advanced pricing and rate strategies using actuarial techniques such as trend analysis, credibility, experience rating, and predictive modeling.
- Conduct benchmarking and competitive analyses, translating comparisons against industry and geographic peers into executive-level recommendations.
- Lead forecasting and scenario modeling to evaluate healthcare costs, utilization trends, demographic changes, and high-cost risk exposures.
- Standardize and enhance actuarial models, financial frameworks, and reporting processes to improve consistency, scalability, and operational efficiency.
- Collaborate with underwriting, finance, and consulting teams to align assumptions and ensure compliance with regulatory requirements (e.g., Affordable Care Act, Employee Retirement Income Security Act).
- Serve as a senior advisor by presenting insights to clients, supporting business development and renewal strategies, leading special projects.
- Take action using Integrity, Caring, and Excellence to achieve all-win outcomes.
Requirements
- Bachelor’s degree
- 6+ years of experience with a major Health and Benefits firm
- 5+ years of experience in actuarial services
- Strong experience with health and benefits claims projections, financial modeling, and data analysis
- Deep understanding of underwriting principles and financial services practices
- Proven ability to lead client engagements and present complex information effectively
- Advanced proficiency in Microsoft applications, including expert-level Excel skills
- Experience with predictive modeling, simulation, and analytics tools
- Excellent written and verbal communication skills
- Demonstrated ability to lead teams, manage projects, and influence stakeholders
- Ability to obtain and maintain appropriate licenses as required by state regulations and Frost policies
- Demonstrated experience in team leadership, client advisory, and large-scale program oversight
Skills
- Health and Benefits
- Actuary services
- Data analysis
- Financial modeling
- Underwriting principles
- Microsoft applications
- Excel
- Predictive modeling
- Simulation
- Analytics tools
- Written communication
- Verbal communication
- Team leadership
- Project management
- Stakeholder influence
Experience Level
- 6+ years of experience
- 5+ years of experience
Education Level
- Bachelor’s degree
Benefits
- Medical, dental, vision, long-term disability, and life insurance
- 401(k) matching
- Generous holiday and paid time off schedule
- Tuition reimbursement
- Extensive health and wellness programs, including our Employee Assistance Program
- Referral bonus program
About the Company
- Since 1868, Frost has dedicated their expertise to provide exceptional banking, investment, and insurance services to businesses and individuals throughout Texas.
- Frost is one of the 50 largest U.S. banks by asset size and is a leader in banking customer satisfaction.
- At Frost, it’s about being part of something bigger.