Actuarial Analyst I/II/III/IV

Role Description

The Actuarial Analyst performs actuarial services in support of Health Plan operations and monitors and maintains financial solvency through the understanding of current data & environment and modeling of future events. This role is responsible for providing a range of experience working to establish rates, rating structures and systems, and reserves. The Actuarial Analyst is accountable for providing in-depth analysis on the overall risk management and financial solvency for the health plan operation.

Essential Accountabilities

• Establishes insurance rates, rating structures, and rating systems for groups and categories of business.
• Maintains reserve programs, pricing files, risk score models, benefit relativity tables, and appropriate documentation for work.
• Develops financial projections, risk score analysis, unpaid claim liability estimates, and conducts actuarial analysis for well-defined projects as directed.
• Compiles and analyzes data to draw conclusions and make recommendations.
• Proposes and assists in the development of process improvements utilizing system and software applications to full potential and participates in activities and projects as directed.
• Continued professional growth in the Actuarial field as evidenced by participation in the Actuarial Study Program, attainment of credentials, and maintaining applicable annual continuing education requirements.
• Consistently demonstrates high standards of integrity by supporting the Lifetime Healthcare Companies’ mission and values, adhering to the Corporate Code of Conduct, and leading with the Lifetime Way values and beliefs.
• Consistently adheres to the Actuarial Standards of Practice and the Code of Professional Conduct as promulgated by the Actuarial Standards Board.
• Maintains high regard for member privacy in accordance with the corporate privacy policies and procedures.
• Regular and reliable attendance is expected and required.
• Performs other functions as assigned by management.

Minimum Qualifications

• Bachelor’s Degree in a related field with at least one (1) Society of Actuary (SOA) exam passed required.
• Prior actuarial or related insurance industry experience preferred.
• Strong analytical skills, verbal and written communication skills.
• Strong interpersonal skills with demonstrated ability and willingness to collaborate with other team members.
• Ability to prioritize, multitask, and maintain multiple simultaneous projects.
• Intermediate technical skills including proficiency in Microsoft Office Suite.
• Strong programming skills in SQL, SAS, VBA, or similar programming language is preferred.

Compensation Range(s)

• Level I: Grade E3: Minimum $62,400 - Maximum $106,929
• Level II: Grade E4: Minimum $65,346 - Maximum $117,622
• Level III: Grade E6: Minimum $79,068 - Maximum $142,322
• Level IV: Grade E7: Minimum $87,766 - Maximum $157,978

Physical Requirements

• Ability to work while sitting and/or standing at a workstation viewing a computer and using a keyboard, mouse and/or phone for three (3) or more hours at a time.
• Ability to travel across the Health Plan service region for meetings and/or trainings as needed.