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We're excited about the potential people bring to our organization. You can grow your career here while enjoying first-class perks, benefits and commitment to diversity and inclusion.
Overview
As an Associate Actuary, the incumbent will provide a full scope of actuarial and statistical analyses. Such projects will support both internal and external customers. The position will require working collaboration with other team members and business units throughout the organization. Also, this position will give direction to analytic actuarial staff and works to develop efficient processes and applies actuarial techniques and statistical analysis to several functions, including insurance premium and pricing development, claim trend analysis, experience studies, medical economics, profitability analysis, wellness studies, predictive modeling, or claim reserving. This role requires strong analytical skills.
Qualifications
- Bachelor’s degree required in Mathematics, Statistics, Actuarial Sciences, or related field. Master’s degree preferred. ASA designation required.
- Three (3) years of Actuarial or related experience required.
- Strong understanding of Actuarial concepts, functions, and processes and how they relate to the enterprise, including how they impact operations and financials.
- Expert understanding of health care concepts and products, and detailed understanding of the health care environment including government regulations and competitive landscape.
- Proficient PC skills in a Windows environment. Advanced knowledge of Excel, SAS and other analytic or query tools required. Programming and coding experience required.
- Proven ability to handle data sources, filter and assess data quality, and recognize data patterns required. Strong problem-solving skills required. Must be able to develop information derived from multiple and varied inputs and communicate and interpret that information.
- Demonstrated project management skills. Minimal supervision required on projects. Develops and supports complex projects.
- Excellent oral and written communication skills. Demonstrated self-motivation and initiative, as well as an ability to perform under pressure. Strong interpersonal skills. Strong organizational skills and ability to prioritize, multitask, and work in fast paced environment.
- Proven examples of displaying the IH values: Passionate, Caring, Respectful, Trustworthy, Collaborative and Accountable.
Essential Accountabilities
- Support budget development process including forecasting and actual to budget comparison. Communicate with external departments to support budget preparation. Assess and validate budgetary assumptions.
- Support development and forecasting of accruals for Finance and Accounting for various financial statement items.
- Provide analysis and reporting for financial and regulatory requirements including but not limited to MCR, ROI, product performance, provider and vendor relationships, and audit support.
- Perform actuarial analysis and modeling including but not limited to reserves, pricing, and forecasting.
- Prepare Actuarial Memorandums, Actuarial Attestations and filing materials, as needed in accordance with the Actuarial Standards of Practice.
- Develop ad hoc reports as a supplement to routine management reports through query building and data extraction.
- Propose and assist in development of process improvements and automation within the department.
- Manage complex projects with complete and thorough understanding of entire process. Responsible for development, support, and improvement of departmental projects with minimal supervision.
- Perform peer review as needed. Management track: Provide mentoring and critical analysis to other team members. Management of Actuarial Intern Program.
- Represent the Actuarial Department to other areas of the company or external constituents. Develop and enact effective communication including senior level management.
- Understand multiple sources of data; is able to identify and utilize most relevant source to complete task. Ensure overall data integrity. Draw together facts and input from a variety of sources; make recommendations to management.
- Provide support to assist management in meeting corporate goals and strategic decision making.
- Give direction to actuarial staff and review the appropriateness of the results in light of experience and industry knowledge.
- Initiate and lead the development of actuarial studies, analyses, and presentation materials needed to appropriately inform internal or external decision makers.
- Maintains continuing education requirements as set by the appropriate Actuarial governing body.
Hiring Compensation Range: $110,000 - $130,000 annually
Compensation may vary based on factors including but not limited to skills, education, location and experience.
In addition to base compensation, associates may be eligible for a scorecard incentive, full range of benefits and generous paid time off. The base salary range is subject to change and may be modified in the future.
As an Equal Opportunity / Affirmative Action Employer, Independent Health and its affiliates will not discriminate in its employment practices due to an applicant’s race, color, creed, religion, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender identity or expression, transgender status, age, national origin, marital status, citizenship and immigration status, physical and mental disability, criminal record, genetic information, predisposition or carrier status, status with respect to receiving public assistance, domestic violence victim status, a disabled, special, recently separated, active duty wartime, campaign badge, Armed Forces service medal veteran, or any other characteristics protected under applicable law.
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for additional EEO/AAP or Reasonable Accommodation information. Current Associates must apply internally via the Job Hub app.
