Actuarial Analyst I

Actuarial Analyst I

Join Our Team: Do Meaningful Work and Improve People's Lives

Our purpose, to improve customers' lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare.

To better serve our customers, we are fostering a culture that emphasizes employee growth, collaborative innovation, and inspired leadership. We are dedicated to creating an environment where employees can excel and where top talent is attracted, retained, and thrives. As a testament to these efforts, Premera has been recognized on the 2025 America's Dream Employers list. Newsweek honored Premera as one of America's Greatest Workplaces, America's Greatest Workplaces for Inclusion, and America's Greatest Workplaces For Mental Well-Being, Forbes ranked Premera among America's Best Midsize Employers for the fourth time.

Learn how Premera supports our members, customers and the communities that we serve through our Healthsource blog:

About the Role of Actuarial Analyst I

The Analyst I - Actuarial supports actuarial analyses such as but not limited to prospective and retrospective analyses to estimate impact of Premera programs, monitoring claims utilization to identify problem areas, identifying drivers of healthcare cost increases, and evaluating vendor savings. Activities include fewer complex data extraction, analytical model maintenance, financial forecasting of planned changes and other statistical analyses, as well as the production of various reports and limited technical support to assist in the achievement of company financial and membership goals.

What You'll Do

• Provide data and perform actuarial calculations, under the guidance of more senior analysts, related to product development, benefits, provider reimbursement, stop loss, health management, disease management, pharmacy programs, premium rates, reserves, and administrative costs.
• Monitor data from internal departments, review it for content and accuracy, and identify associated problems.
• Produce existing and some new analytical reports that monitor utilization and cost trends, revenue, claims liability, membership, administrative costs, and provider reimbursement and performance as requested by both internal and external customers.
• Utilize and maintain computer programs to support existing and some new analyses, processes and reports. Consider reproducibility and potential improvements.
• Complete assigned, less complex projects accurately and efficiently, within preset timelines, and regularly report status to supervisor and project manager.
• Prepare written documentation on all projects to provide a peer review trail and ensure continuity and integrity of position responsibilities. This includes organizing the project work plan, notes, output, proof of review and other documentation.
• Complete special projects or other duties as assigned.
• Perform other duties as assigned.

What You'll Bring

• Bachelor's degree in mathematics, actuarial science, statistics, computer science or related field or four (4) years' work experience. (Required)
• Knowledge of health insurance concepts and terms. (Preferred)
• Experience in health insurance and/or actuarial department. (Preferred)
• Knowledge of SQL and other data querying tools. (Preferred)
• Commitment to participate in the Actuarial student program. (Preferred)
• Previous actuarial experience. (Preferred)
• Knowledge of computer programming language and aptitude to learn from others. Proficient with standard Microsoft Office products, such as Word, Excel, PowerPoint, Access, etc.
• Strong analytic, problem solving, and troubleshooting skills.
• Effective oral and written communication skills.
• Ability to work well independently and as a member of a team, both within the direct team and cross-functionally.
• Strong attention to detail and organizational skills.
• Ability to take direction well.

Working Environment

Work is performed within a normal office environment with ambient temperature. Physical Requirements The following have been identified as essential physical requirements of this job and must be performed with or without an accommodation:

• This is primarily a sedentary role which requires the ability to exert up to 10 lbs. of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body.
• This role requires the ability to keyboard and to communicate clearly and understandably in person and over the telephone.

Premera Total Rewards

Our comprehensive total rewards package provides support, resources, and opportunities to help employees thrive and grow. Our total rewards are more than a collection of perks, they're a reflection of our commitment to your health and well-being. We offer a broad array of rewards including physical, financial, emotional, and community benefits, including:

• Medical, vision, and dental coverage with low employee premiums.
• Voluntary benefit offerings, including pet insurance for paw parents.
• Life and disability insurance.
• Retirement programs, including a 401K employer match and, believe it or not, a pension plan that is vested after 3 years of service.
• Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs, just to name a few.
• Generous paid time off to reenergize.
• Looking for continuing education? We have tuition assistance for both undergraduate and graduate degrees.
• Employee recognition program to celebrate anniversaries, team accomplishments, and more.

For our hybrid employees, our on-campus model provides flexibility to create your own routine with access to on-site resources, networking opportunities, and team engagement.

• Commuter perks make your trip to work less impactful on the environment and your wallet.
• Free convenient on-site parking.
• Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.
• Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs and more.
• Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.
• Need a brain break? Challenge someone to a game of shuffleboard or ping pong while on campus.

Equal Employment Opportunity/Affirmative Action

Premera is an equal opportunity/affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.

If you need an accommodation to apply online for positions at Premera, please contact Premera Human Resources via email at View email address on talent.com or via phone at View phone number on talent.com.

The pay for this role will vary based on a range of factors including, but not limited to, a candidate's geographic location, market conditions, and specific skills and experience.

The salary range for this role is posted below; we generally target up to and around the midpoint of the range.

National Plus Salary Range: $78,000.00 - $115,100.00. National Plus salary range is used in higher cost of labor markets including Western Washington and Alaska.

We're happy to discuss compensation further during the interview because we believe that open communication leads to better outcomes for all. We're committed to creating an environment where all employees are celebrated for their unique skills and contributions.