Actuarial Associate

  • 36934
  • Health - Actuarial
  • |
  • Minnesota, United States
  • |
  • Mar 5, 2020
Insurance
RESPONSIBILITIES
  • Work in tandem with the Chief Actuary but have lead responsibility on all project work related to complex trends while also interfacing with internal and external stakeholders.
  • Support Chief Financial Officer in the development of forecasting models, projections and relevant information to inform C-Level business decisions.
  • Support the team through modeling, market analysis and experience to determine company growth initiatives; support the team by conducting research and data analysis, and with informed profitable cohorts and renewal targets.
  • Establish monthly reserve levels for all medical products.
  • Perform ad-hoc data analysis
  • Work with consulting actuaries on product pricing and various other analysis.
  • Managed work of supporting actuarial staff and data analyst to achieve work deliverables.
  • Individual contributor and SME for their respective line of business, supporting strategy and plan design discussions, market positioning and regulatory landscape.
  • Other duties and responsibilities as assigned.
QUALIFICATIONS
  • A Bachelor’s degree required in Math, Statistics, Economics, Actuarial Science, or a related field is required.
  • Four or more years of experience working with commercial ACA products is required.
  • Understanding of healthcare claims data.
  • Proficient in Microsoft Excel and other Office products.
  • Experience with forecasting, modeling, and SQL or SAS.
  • Intermediate to expert level knowledge of healthcare pricing for ACA Individual products.
  • Understanding of company practices related to management of member populations for purposes of estimating risk.
  • Produce, understand, and interpret internal and external analysis and reports; provide effective technical and non-technical support to internal and external stakeholders.
  • Strong communication skills and ability to meet with C-Level leadership on pricing and plan related topics.
  • Associateship or greater in the Society of Actuaries is required.