General Manager - Actuarial - Financial Benefits - Insurance

A prestigious client of Innoquest Consulting, a captive MNC in Insurance/Brokerage business, is seeking a Team Manager/Senior Team Manager In Healthcare Actuarial- Financial Benefits for the Employee Benefits - Insurance Vertical.

The GM, Financial Benefits Analysis will be a key contributor to the Actuarial and Finance functions by applying quantitative analysis and Financial modeling techniques to assess and manage financial risks.

The GM works directly with Financial Benefits and Underwriting teams and manages complex financial deliverables such as IBNR estimation, Forecasting, and Contribution Modelling, while providing direct support to account and client teams.

This role plays a critical part in interpreting data, developing strategic recommendations, and ensuring alignment with client objectives. Solid understanding of US health insurance concepts , as well as strong domain expertise, statistical modeling skills, and the ability to work autonomously are essential.

Mandatory Ask:-

- Candidates with degrees in Statistics or Applied Mathematics may be considered if they've cleared at least 7 actuarial exams and have strong expertise in US or Indian healthcare, particularly in employee benefits.

- 12 years plus of US / Indian Healthcare experience.

- US Health Insurance / Group Insurance Expertise/Indian Health Insurance: Deep understanding of benefit structures, funding mechanisms, and regulatory frameworks.

Key Responsibilities:

- Lead the preparation and presentation of various financial monitoring reports like client financial status, expense tracking by product line, renewal projections, funding levels etc by the team in a timely manner with prescribed accuracy

- Communicate effectively with Onsite Financial Benefits Consulting (FBC) management regarding any anomalies identified in financial evaluations.

- Maintain proficiency in proprietary models and tools to accurately calculate financial results.

- Analyze complex client data from carriers and provide actionable recommendations to Client Servicing teams.

- Prepare and analyze various client deliverables as defined by the Financial Benefits Consulting team's scope of services.

- Assist in preparing financial impact assessments of changes in underwriting strategy, model changes, and regulatory requirements.

- Demonstrate critical thinking by assessing whether analyses are logical and coherent.

- Reporting and Communication:

- Develop clear, concise, and professional reports and presentations that translate complex financial analyses into digestible insights for senior management, Financial Benefits Consultants, Actuaries, Underwriters, and other business partners.