Actuarial Analyst - Medicare

About the Role

The team context is collaborative, with a focus on sharing knowledge and best practices to drive results. You will have the opportunity to work closely with various departments, including Network Management, Underwriting, Sales and Marketing, Finance, and Healthcare. The reporting structure is supportive, with guidance from senior actuaries to ensure your success.

What You Will Do

• Perform actuarial research, experience studies, and statistical analyses and calculations to support business decisions
• Calculate premiums and reserves of new and existing plans of insurance, ensuring accuracy and attention to detail
• Provide support to senior analysts or actuaries as required, demonstrating a willingness to learn and grow
• Retrieve and validate data for rate filings and actuarial models, ensuring data integrity and compliance
• Build model enhancements and determine reasons for changes to calculated factors, showcasing analytical skills
• Analyze impacts of changes to product lines and segments, providing insights to inform business strategy
• Communicate filing status to internal stakeholders and transmit rate filings to regulatory agencies, ensuring timely and effective communication
• Retrieve and validate data for monthly reports and for UCL and ALR calculation, maintaining a high level of organization and attention to detail
• Support valuation by executing ALR model and verifying results, demonstrating technical expertise
• Research to support ALR assumption studies and UCL estimates, staying up-to-date with industry trends and developments
• Distribute established reports and respond to inquiries, providing excellent customer service
• Investigate trends and anomalies, applying analytical skills to identify areas for improvement
• Execute control activities to support Enterprise Risk Management, ensuring compliance and mitigating risk
• Provide analytic support for corporate and departmental projects, demonstrating a willingness to collaborate and contribute

What We Are Looking For

• Bachelor's degree or advanced degree in a relevant field, such as actuarial science or mathematics
• 2+ years of relevant actuarial experience, with a strong foundation in statistical analysis and Excel
• Completion of at least 3 exams towards the eventual attainment of the ASA designation, demonstrating a commitment to professional development
• Strong analytical and problem-solving skills, with the ability to apply theoretical concepts to real-world problems
• Excellent communication and interpersonal skills, with the ability to work effectively in a team environment
• Strong organizational and time management skills, with the ability to prioritize tasks and manage multiple projects simultaneously
• Ability to work in a fast-paced environment, with a focus on delivering high-quality results

Nice to Have

• Previous Medicare Advantage experience, providing a unique understanding of the healthcare landscape
• SQL, SAS, or Python experience, demonstrating technical expertise and a willingness to learn
• Advanced degree in a relevant field, such as a master's in actuarial science
• Professional certifications, such as the ASA or CFA designation

Benefits and Perks

• Competitive salary and benefits package, with a focus on work-life balance and employee well-being
• Opportunity to work with a collaborative and supportive team, with a focus on shared success
• Professional development and growth opportunities, with a commitment to ongoing education and training
• Flexible work arrangements, including remote work options and flexible hours
• Comprehensive health and wellness programs, including medical, dental, and vision coverage
• Parental leave and support, including adoption and surrogacy assistance
• 401(k) match and annual company contribution, demonstrating a commitment to employee financial well-being

• Develop a strong foundation in Excel and statistical analysis to succeed in this role
• Stay up-to-date with industry trends and developments, including changes to Medicare regulations and policies
• Highlight your analytical and problem-solving skills, with a focus on applying theoretical concepts to real-world problems
• Showcase your ability to work effectively in a team environment, with a focus on collaboration and communication
• Be prepared to discuss your experience with actuarial models and data analysis, with a focus on attention to detail and accuracy
• Consider obtaining professional certifications, such as the ASA or CFA designation, to demonstrate your commitment to professional development
• Research the company culture and values, with a focus on work-life balance and employee well-being