Actuarial Analyst

Primary City/State:
Phoenix, Arizona

Department Name:
Actuarial-BHN Cntr

Work Shift:
Day

Job Category:
General Operations

Good health care is key to a good life. At Banner Health, we understand that, and that's why we work hard every day to make a difference in people's lives. Do you like the idea of making a positive change in people's lives - and your own? If so, this could be the perfect opportunity for you. Innovation and highly trained staff. Banner Health leaders can access the staff and resources they need to bring their vision to life. If you're looking to leverage your abilities - you belong at Banner Health.

Banner Health is known nationally as a trailblazer in new health care models, where insurance plans and physicians come together to work collaboratively to make things easier for our members.

Your pay and benefits are important components of your journey at Banner Health. Banner Health offers a variety of benefits to help you and your family. We provide health and financial security options so you can focus on being the best at what you do and enjoying your life.

Banner Health Network (BHN) is an accountable care organization that joins Arizona's largest health care provider, Banner Health, and an extensive network of primary care and specialty physicians to provide the most comprehensive healthcare solutions for Maricopa County and parts of Pinal County. Through BHN, known nationally as an innovative leader in new health care models, insurance plans and physicians are coming together to work collaboratively to keep members in optimal health, while reducing costs.

POSITION SUMMARY

This position will assist in healthcare actuarial analyses under the supervision of senior actuarial staff. The position will either have knowledge of, or will become knowledgeable in, Medicare Shared Savings Program (MSSP) Accountable Care Organizations (ACOs), Commercial ACOs, Employer Plans, Medicare Advantage Prescription Drug plans (MA-PD), Medicaid, Medical Economics, and other healthcare data analytics. The actuarial analyst will be encouraged to progress in their career development as an actuary by passing exams and obtaining credentials in the Society of Actuaries (SOA) under the Banner Actuarial Professional Development Program.

CORE FUNCTIONS

1. Assist in healthcare actuarial analyses under the supervision of senior actuarial staff.

2. Assist in projections, pricing, reserving, and other analyses using tools developed in Excel, SAS, Teradata, Tableau, and other software, with the oversight and feedback from senior actuarial staff.

3. Develop/present results of the performed analyses to senior actuarial staff and/or insurance division executives.

4. Participate in the development of actuarial models and reports for the continued growth of the actuarial team.

5. Provide support to actuarial staff in performing IBNR estimates, financial reporting, and rate adequacy studies.

6. Research and compile information about healthcare regulations to support senior actuarial staff.

7. Progress in the actuarial exam process towards becoming an Associate in the Society of Actuaries (ASA) and/or Fellow in the Society of Actuaries (FSA).

MINIMUM QUALIFICATIONS

Bachelor's Degree in Statistics, Mathematics, Actuarial Science, Business, Finance, or Healthcare Administration.

License/Certification: Passed at least 1 actuarial exam. Knowledge of software for data analysis; specifically, spreadsheets (e.g. MS Excel, VBA), data extraction and manipulation (e.g. SAS, Teradata, R) and data visualization (e.g. Tableau).

PREFERRED QUALIFICATIONS

Two or more years of actuarial experience in healthcare.

Licenses/Certification: Associate of the Society of Actuaries (ASA) designation.