Associate Actuary - Medicare

  • 33141
  • Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Dec 1, 2017
Consulting Organization
  • Advise clients on a wide range of issues-from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care
  • Perform data analysis using Excel, SAS, and other programs to assist with consulting for various health insurance work areas, such as Medicare, Commercial / ACA, Medicaid, Long Term Care, Pharmacy, and more
  • Consulting activities include Pricing, Reserving, Financial Projections, and Mergers and Acquisitions
  • ASAs are also responsible for reviewing the work of others, assisting with research and product development, and progressing with actuarial exams to attain the Fellowship in the Society of Actuaries (FSA) designation
  • Experienced ASAs who serve in a Project Manager (PM) role are responsible for doing some technical work while delegating the majority of that work to analysts and junior ASAs to help meet client needs
  • PMs are expected to teach and train analysts and junior ASAs who are working on the projects for which the PM is responsible
  • PMs typically work on five to seven projects simultaneously and are expected to add insight into the technical direction of a project, check the initial reasonableness of the solution and create client communications for review by Consultants. Client interaction generally includes data collection, project updates and answering basic technical questions.
  • Within a project team, consultants, ASAs/Project Managers, and analysts coordinate their efforts to deliver client reports and deliverables
  • Consultants are responsible for building relationships with clients, directing projects, and presenting results
  • ASA PMs work directly with analysts and junior ASAs by reviewing work, answering questions, and developing client correspondence
  • Analysts and junior ASAs are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing and utilizing actuarial models, and implementing software solutions.
  • Associate in the Society of Actuaries (ASA)
  • Bachelor’s or Master’s degree in a quantitative field
  • GPA of 3.2 or greater at the time of graduation
  • Thorough understanding of Microsoft Excel and actuarial concepts
  • Experience mentoring staff and managing projects is ideal
  • Experience with Medicare Advantage or Prescription Drug Plan bids strongly preferred
  • Strong communication skills (both verbal and written)
  • Ability to help identify client issues and resources needed to solve problems
  • Analytical thinking skills to evaluate analyses for communication to clients
  • Ability to help plan and organize work for projects
  • Identify project deliverables, meet deadlines, and ensure compliance with quality procedures
  • Strong time management skills
  • Ability to work independently and within a team
  • Client focused and results oriented
  • Organizational expertise and flexibility
  • Goal of attaining FSA designation
  • Ambition and excitement for professional development within the actuarial field