Insurance Actuarial Analyst
External
Frostbank · Austin, TXPrepare for this interview
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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
- Always 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
- Additional Preferred Skills:
- Demonstrated experience in team leadership, client advisory, and large-scale program oversight
Benefits
Additional Information
Job Description It's about insights that are out of sight. Do you enjoy researching and extracting insights from data? Would others describe you as being reliable and resourceful? Do you have a background in Health and Benefits and actuary services? If so, being an Insurance Actuary Analyst with Frost could be for you. At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost, we're committed to fostering an environment that reflects our values and encourages team members to be the best they can be. In joining our adaptable, integrity-driven team, you'll become part of Frost's over 150-year legacy of providing unparalleled banking services.
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