Actuarial Analyst II Medicare Part D

Kaiser Permanente•Oakland, CA

11d

About The Position

Job Summary: This role will build and maintain the Part D pricing model, develops Part D bid assumptions, and supports analyses to drive strategic decision making. Individual contributor is primarily responsible for researching and determining the likelihood of financial risk to the organization, preparing and reviewing actuarial documentation for accuracy, and conducting product line evaluation, actuarial modeling, and financial risk and opportunity analyses. Essential Responsibilities: Pursues self-development and effective relationships with others by sharing resources, information, and knowledge with coworkers and customers; listening, responding to, and seeking performance feedback; acknowledging strengths and weaknesses; assessing and responding to the needs of others; and adapting to and learning from change, difficulties, and feedback. Completes work assignments by applying up-to-date knowledge in subject area to meet deadlines; following procedures and policies and applying data, and resources to support projects or initiatives; collaborating with others, often cross-functionally, to solve business problems; supporting the completion of priorities, deadlines, and expectations; communicating progress and information; identifying and recommending ways to address improvement opportunities when possible; and escalating issues or risks as appropriate. Supports actuarial documentation by assisting with the preparation and review for accuracy of the actuarial portion of financial reports and tax returns; and responses to insurance regulations. Supports product line evaluations by assisting with analysis of product line financials, pricing, reserve, valuation , cash flow analysis; and documenting product line performance, risk, and assumptions used in product development. Assists with actuarial research by conducting literature reviews with limited direction on standards, assumptions, competition, and the legal and regulatory environment. Analyzes financial risks and opportunities by applying basic actuarial methods; collecting data; and assisting with interpreting actuarial analyses. Supports collaborations with peer-level business partners by translating actuarial constructs into non-technical explanations; and complying with the Actuarial Standards of Practice. Supports actuarial modeling by learning and using actuarial models; assisting with the application of alternative assumptions and forecasts using in-house models or actuarial software; and validating the data.

Requirements

Bachelors degree in mathematics or related field AND Minimum two (2) years actuarial experience. Additional equivalent work experience in a directly related field may be substituted for the degree requirement.
Passed at least 4 actuarial exams toward an ASA or ACAS certification.
Ambiguity/Uncertainty Management
Attention to Detail
Business Knowledge
Communication
Critical Thinking
Cross-Group Collaboration
Decision Making
Dependability
Diversity, Equity, and Inclusion Support
Drives Results
Facilitation Skills
Health Care Industry
Influencing Others
Integrity
Learning Agility
Organizational Savvy
Problem Solving
Short- and Long-term Learning & Recall
Teamwork
Topic-Specific Communication
Analytical Skills
Client Focus
Debugging and Troubleshooting
Demonstrating Personal Flexibility
Economics
Initiative
Maintain Files and Records
Managing Diverse Relationships
Mathematics
Organizational Skills
Project Management
Statistical Programming Language
Stress Tolerance
Technical Communication
Trust

Nice To Haves

Three (3) years experience with databases and spreadsheets.
Bachelor's degree in statistics, actuarial science, mathematics , engineering, or physics.

Responsibilities

Build and maintain the Part D pricing model
Develops Part D bid assumptions
Supports analyses to drive strategic decision making
Researching and determining the likelihood of financial risk to the organization
Preparing and reviewing actuarial documentation for accuracy
Conducting product line evaluation, actuarial modeling, and financial risk and opportunity analyses
Pursues self-development and effective relationships with others by sharing resources, information, and knowledge with coworkers and customers
Completes work assignments by applying up-to-date knowledge in subject area to meet deadlines
Supports actuarial documentation by assisting with the preparation and review for accuracy of the actuarial portion of financial reports and tax returns
Supports product line evaluations by assisting with analysis of product line financials, pricing, reserve, valuation , cash flow analysis
Assists with actuarial research by conducting literature reviews with limited direction on standards, assumptions, competition, and the legal and regulatory environment
Analyzes financial risks and opportunities by applying basic actuarial methods
Supports collaborations with peer-level business partners by translating actuarial constructs into non-technical explanations
Supports actuarial modeling by learning and using actuarial models