Associate Actuary

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

📋 Description

• Perform strategic analysis, pricing evaluations, and peer reviews.

• Develop and maintain tools for planning operations and risk assessment.

• Oversee actuarial requirements and generate actuarial reports that align with corporate strategy.

• Contribute to strategic initiatives and planning within the Medicare sector.

• Own and enhance tools and processes that serve internal stakeholders.

• Review and validate Medicare Advantage bids when qualified for American Academy of Actuaries membership.

• Compute financial results utilizing mathematics, probability, statistics, finance, and business principles.

• Create probability tables and regression models from statistical data.

• Investigate and assess the consequences of legislative changes.

• Evaluate and analyze necessary premium rates.

• Review cash reserves and liabilities for forthcoming benefit payouts.

• Analyze data reports, identify patterns and discrepancies, and propose actionable recommendations.

• Establish fair bases for the distribution of insurance benefit funds.

• Generate and update actuarial reports.

• Engage in merger and acquisition evaluations.

• Execute other assigned responsibilities while adhering to policies and standards.

⛳️ Requirements

• A minimum of 2 years of actuarial experience.

• Associate of the Society of Actuaries (ASA) designation.

• Bachelor's degree in a related field or equivalent experience.

• Experience in healthcare and Medicare Advantage actuarial roles is preferred.

• Familiarity with cost trend analysis and actuarial tool creation is advantageous.

• Proficiency in advanced Excel, including arrays, PivotTables, VBA, and queries.

• SQL skills are required.

• Proficiency in SAS is necessary.

• Ability to effectively utilize AI tools for actuarial analysis and decision-making.

• Strong knowledge of mathematics, probability, statistics, finance, and business principles.

• If qualified for American Academy of Actuaries membership, must be able to review and validate Medicare Advantage bids.

🏝️ Benefits

• Health insurance coverage.

• 401K retirement plan.

• Stock purchase plans available.

• Tuition reimbursement provisions.

• Paid time off benefits.

• Observance of holidays.

• Flexible work arrangements, including remote, hybrid, field, or office schedules.

• Competitive salary.

• Potential for additional incentive forms as part of the total compensation package.