Actuarial Analyst

About the Role

As an Actuarial Analyst, you will be responsible for identifying drivers of prior period development in medical margin and providing deep insights into emerging trends in the market. You will also be required to prepare materials for presenting close results to Market Finance leaders and calculate final cash settlements for MA payer contracts. This role requires strong communication and interpersonal skills, as you will be working closely with various stakeholders, including Market Finance, FP&A, Accounting, and Med Econ teams.

The company is looking for a highly motivated and detail-oriented individual who is able to work in a fast-paced environment and is committed to delivering high-quality results. If you are a skilled actuarial professional looking for a new challenge, this role could be an excellent opportunity for you.

What You Will Do

• Update medical margin models for monthly close process
• Research and identify prior period development in medical margin
• Use med econ tools to provide deep insight of trend drivers
• Prepare materials for presenting close results to Market Finance leaders
• Calculate final cash settlements for MA payer contracts
• Prepare internal/external audit documentation
• Inform assumptions for budget/quarterly forecasts
• Perform analyses to support ad-hoc requests from Market Finance team
• Support business development/payer contracting assumptions
• Collaborate with Market Finance, FP&A, Accounting, Med Econ, and other teams
• Exemplify company's core values and contribute to a positive work environment

What We Are Looking For

• 1-2 years of relevant actuarial experience within a healthcare and/or managed care organization
• Bachelor's degree in Actuarial Science, Math, Economics, or a related field
• 2+ actuarial exams passed
• Ability to manipulate and interpret large data sets (particularly health care claims and membership data)
• Experience in actuarial field, including knowledge of best techniques for analyzing healthcare issues and modeling solutions
• Familiarity with IBNR reserve development, product pricing, and health insurance products
• Proficiency in Excel and SQL
• Strong communication, both written and verbal
• Ability to work in a fast-paced environment where internal/external client satisfaction is key

Nice to Have

• Experience with Medicare Advantage products
• Knowledge of healthcare trends and market analysis
• Familiarity with data visualization tools and techniques
• Certification in actuarial science or a related field

Benefits and Perks

• Competitive salary range
• Comprehensive health insurance package
• 401(k) retirement plan
• Paid time off and holidays
• Remote work stipend
• Professional development opportunities
• Collaborative and dynamic work environment
• Access to cutting-edge technology and tools
• Recognition and reward programs

• Make sure to highlight your experience with Excel and SQL in your resume and cover letter, as these skills are essential for the role.
• Familiarize yourself with the company's core values and be prepared to explain how they align with your own work ethic and values.
• Practice your data analysis and interpretation skills, as you will be working with complex data sets and providing insights to stakeholders.
• Be prepared to discuss your experience with healthcare trends and market analysis, and how you stay up-to-date with industry developments.
• Consider creating a portfolio of your work, including examples of your data analysis and presentation skills, to showcase your abilities to potential employers.
• Don't be afraid to ask questions during the interview process, such as what a typical day looks like in the role or what the biggest challenges are that the team is facing.
• Be prepared to negotiate your salary, as the company may have some flexibility in this area.