Actuarial Analyst

Corewell Health • Grand Rapids, MI

3d • Onsite

About The Position

The Actuarial Analyst provides actuarial support by developing and communicating analyses that inform pricing, financial forecasts, IBNR estimates, provider risk arrangement targets, and strategic decisions. The analyst attends meetings to discuss the business impact of assumptions, evaluates scenarios, and provides impact assessments to help inform decisions. The role also helps establish targets for pricing, budgeting, risk arrangements, and other third-party contracts, and assists other departments—including Underwriting, Data & Analytics, Provider, Pharmacy, Product, and Finance—with pricing and profitability questions.

The analyst completes work and updates models with support from a more senior actuary. The role emphasizes learning core analytical concepts and business areas, providing descriptive analytics, seeking feedback and assistance, and communicating clearly when support is needed. The analyst uses tools such as Microsoft Office, business intelligence tools, and other relevant tools to summarize results.

Requirements

• Bachelor's degree in Actuarial Science or a related discipline such as business, economics, statistics, or mathematics.
• Proficiency with spreadsheet software, preferably Excel, and database software such as Access or programming languages such as SQL and/or SAS.
• Successful completion of one or more SOA Actuarial Exams, excluding VEE.

Responsibilities

• Develop and communicate analyses that inform pricing, financial forecasts, IBNR estimates, provider risk arrangement targets, and strategic decisions.
• Attend meetings to discuss the business impact of assumptions and contribute to decision-making by evaluating scenarios and providing impact assessments.
• Help establish targets for pricing, budgeting, risk arrangements, and other third-party contracts.
• Assist other departments with advice on the pricing and profitability of products, contracts, and risk arrangements.
• Complete work and update models with support from a more senior actuary.
• Provide descriptive analytics and use relevant tools to summarize results.
• Seek feedback, ask questions, shadow higher-level actuaries, and communicate when support is needed.

Benefits

• Comprehensive benefits package
• On-demand pay program powered by Payactiv
• Discounts directory
• Optional identity theft protection
• Optional home and auto insurance
• Traditional and Roth retirement options with service contribution and match savings

What This Job Offers

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