Actuarial Analyst

Medica • Minnetonka, MN

4d • Hybrid

About The Position

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for. We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued. Medica is seeking an Actuarial Analyst to join our Actuarial Services team in Minnetonka, MN. This role provides analytical support in the areas of pricing, forecasting, reserving, and financial reporting. Performs other duties as assigned.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
• 3 years of experience beyond degree
• Successful completion of 3 Society of Actuaries (SOA) exams

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

Benefits

• Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level