Actuarial Analyst III

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Assist in the creation and upkeep of premium rates for Individual and Small Group markets.

• Aid in the preparation, validation, and submission of premium rate filings to state and federal regulatory bodies.

• Analyze and assess proposed changes in benefit design and cost-sharing to understand their financial and actuarial effects.

• Conduct pricing analyses, actuarial studies, and financial modeling to bolster product and rate development efforts.

• Evaluate the effects of proposed state and federal legislation, regulatory changes, and healthcare reform on pricing and product strategy.

• Execute Mental Health Parity compliance assessments and support associated regulatory reporting needs.

• Perform experience analyses and detailed studies to pinpoint emerging trends, usage patterns, and significant cost drivers.

• Create ad hoc actuarial models and analytics to facilitate strategic decision-making and business strategies.

• Work collaboratively with Product, Finance, Underwriting, Regulatory, Compliance, and other business partners to assess assumptions and recommendations.

• Review and analyze data from various sources to aid in actuarial projections and risk evaluations.

• Compile reports, presentations, and recommendations for management, effectively communicating intricate actuarial concepts and analytical outcomes.

⛳️ Requirements

• Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, Finance, or a related quantitative discipline.

• A minimum of four (4) years of experience in actuarial work, statistics, healthcare analytics, or a related quantitative field.

• Progress toward the Associate of the Society of Actuaries (ASA) designation is preferred.

• Experience in supporting actuarial pricing, modeling, forecasting, or financial analysis projects.

• Working knowledge of premium rate development, healthcare pricing, and actuarial methodologies.

• Familiarity with state and federal regulatory standards concerning health insurance products.

• Strong comprehension of actuarial principles, statistical methods, and quantitative analysis techniques.

• Advanced skills in Microsoft Excel, including complex formulas, modeling, pivot tables, and data analysis.

• Experience with SAS, SQL, R, Python, or other statistical and analytical programming languages is preferred.

🏝️ Benefits

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement