Actuarial Analyst

Summary:

• Identify opportunities to reduce medical expenses and collaborate with other areas to implement and monitor performance.
• Develop studies, analyses, and presentation materials needed to appropriately inform decision makers.
• Complete pricing analysis, experience analysis and studies, financial projections, and other actuarial/financial calculations.
• Run, modify, and create data queries to produce analysis and reports.

Responsiblities:

• Perform actuarial tasks which are of a mathematical and quantitative nature.
• Support analysis of hospital, professional, and drug claim/utilization trends, membership/demographics, and various other ad-hoc analyses.
• Maintain appropriate controls around models and other work products.
• Ensure quality and on time completion of deliverables.
• Assist with rate filings or valuation calculations.
• Support preparation of forecasts and monitoring of results or trends.
• Support development of efficient and transparent queries to obtain data that is appropriate to the purpose.
• Ensure internal and external consistency of all work.
• Perform reasonability checks dependent on industry knowledge and experience.
• Develop and implement analyses for special projects.
• Provide technical and analytical support for the actuarial department.
• Proactively take on additional work as needed by the team.
• Perform duties and assignments as directed or required.

Requirements:

• Bachelor's degree in Actuarial Science, Mathematics, other physical science, or related finance/business degree required
• 3 - 5+ years relevant, professional work experience and/or education required
• Must make sufficient progress toward obtaining actuarial credentials, defined as sitting for a minimum of one exam per year,scoring above a zero, and obtaining at least a combined score of 5 over two consecutive sittings
• When unable to meet the progress outlined in the bullet above, the role will be transitioned to a non-Actuarial job title and job description
• Actuarial/analytical experience, preferably in a healthcare environment preferred
• Strong mathematical and analytical skills required
• Strong communication skills (verbal, written, presentation) required
• Strong working knowledge of MS Office (Outlook, Word, Excel, PowerPoint, etc.) required
• Working knowledge of SQL, R, Python or similar required
• Capable with Excel, data extraction, simulations, automation required