Actuarial Analyst - Medicaid

Medica•Minnetonka, MN

6d•Hybrid

About The Position

Medica is a nonprofit health plan serving over a million members across multiple states. They are seeking an Actuarial Analyst to join their Actuarial Services team in Minnetonka, MN. This role will provide analytical support for pricing, forecasting, reserving, and financial reporting, performing other duties as assigned.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field.
0-1 years of experience beyond degree.
Successful completion of 1 Society of Actuaries (SOA) exams.
Eligibility to work in the US; Medica does not offer work visa sponsorship.
Verification of identity and eligibility to work in the United States.

Nice To Haves

Strong analytical, problem-solving, and critical-thinking skills.
Proficiency with Microsoft Excel.
Experience with SQL, SAS, R, or Python is a plus.
Excellent written and verbal communication skills.
Ability to work independently and as part of a collaborative team.

Responsibilities

Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions.
Perform data analysis and validation using actuarial and statistical techniques.
Contribute to the development of reports, exhibits, and presentations for leadership and regulatory bodies.
Support actuarial projects related to product development, trend analysis, and risk management.
Ensure accuracy and compliance with actuarial standards, regulatory requirements, and Medica policies.
Collaborate with cross-functional teams including Finance, Underwriting, and Product Development.
Continue professional development through actuarial exams and on-the-job learning.