Actuarial Analyst L

A recent study shows that men apply for a job or promotion when they meet only 60% of the qualifications, but women and other marginalized groups apply only if they meet 100% of them. So, if you think you’d be a great fit, but don’t necessarily meet every single requirement on one of our job openings, please still apply. We’d love to consider your application!

At Wayspring, we are committed to furthering our value of Equity & Inclusion throughout our recruiting practices. We seek diversity of background and opinion, as we think these attributes improve the performance of our company and are the right thing to do for our communities. We recognize and remove barriers to success within our company and communities. We seek to build a recruiting process that is inclusive and fosters diversity.

Overview of the Actuarial Analyst

Wayspring is looking for an Actuarial Analyst to help build our actuarial reporting function. The analyst will continue to pursue an ASA or FSA designation while bringing analytical and technical experience to the team. Under the actuarial director, this individual will support a wide variety of actuarial responsibilities – trending, pricing, IBNR modeling, savings analysis, etc.

Responsibilities of the Actuarial Analyst

• Monitors, modifies, and identifies abnormalities in eligibility and claims data sets.
• Develops basic understanding of the actuarial related concepts and requirements and relevant business processes needed.
• Assists in development of spreadsheet and/or database tools used to manage, analyze, and report data.
• Ensures work is accurate and efficient using existing procedures, documents analysis and processes.
• Gathers, prepares, and presents data and review for reasonableness.
• Generates reports through excel, conducts reasonableness checks, and provides summary output/reports to manager for review.
• With oversight, creates, maintains, and enhances calculation spreadsheets used to validate or supplement actuarial-related or system-generated values.

• Utilizes spreadsheets, accountable for detailed and complex manual calculations to provide actuarial, product and/or policy support to other departments.
• With oversight, automates departmental processes to improve efficiency and accuracy as assigned.
• Assists with special projects and/or initiatives as required.
• Works with the manager to effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities. Complete projects on time and with high standards and accuracy.
• Develops and maintains effective business relationships with both internal and external stakeholders.
• Supports trend analysis and pricing activities across all market segments in which Wayspring participates.
• Administers cost modeling and healthcare cost profits within claims and eligibility files.
• Assists with IBNR reporting and other relevant accrual submissions.
• Supports program savings analysis and other ad hoc analytic and actuarial requests.
• Adhere to Wayspring information security and privacy requirements.

Requirements & Preferred Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field
• Passed at least one Society of Actuaries exam
• Two One years of relevant experience or relative completed internship program is preferred
• Some programming experience, SQL knowledge a plus
• Microsoft Excel experience is required
• Strong analytical skills
• Strong communication skills

Company and Benefit Summary

Wayspring has reimagined substance use disorder treatment. We provide individualized care, delivered with a peer-centered approach. We focus on making sure patients have their basic needs met, like access to care, economic stability, and connection to relationships and community. Then we help each person find their own way to wellness.

• Medical, Dental and Vision Insurance Options
• Company funded HSA
• Monthly Gym Allowance
• Paid parental leave – all parents included!
• Company paid short term disability, long term disability and life insurance
• Generous 401k match
• Premium Employee Assistance Program, inclusive of counseling sessions
• Company Contributions to Future Minded Savings (think 529, HSA, Student Loan Reimbursement, and Emergency savings fund)
• Generous PTO package (accrual policy based on years of service) and an additional 10 paid company holidays