Actuarial Analyst
About The Position
Our Actuarial Analyst , will work in a team setting and will apply mathematics, probability, statistics, and business principles to support rating/pricing, valuation, healthcare economics, and financial forecasting in a Health Plan / Insurance environment. This Analyst assists actuaries and provides actuarial support to various departments, including Network Management, Underwriting, Sales and Marketing, and Finance. Salary Range $80,000 ~ $100,000 The base pay offered for this position may vary within the posted range based on your job-related knowledge, skills, and experience. Work Location We are open to remote work in the following approved states: Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Virginia, Wisconsin New employee living within 45 miles of WPS Headquarters ( 1717 W. Broadway in Madison, WI) will be expected to be able to work Hybrid 2 days a week on a regular basis. Onsite work will be tailored for team cohesion, strategy, planning and collaboration. How do I know this opportunity is right for me? If you: Can assist in actuarial research, experience studies, and statistical analyses and calculations. Have built and maintained models for pricing, forecasting, and risk assessment. Thrive when analyzing financial, statistical, and mathematical data and perform actuarial calculations. Can provide support to senior analysts or actuaries. Like to get things done, completing procedural tasks accurately, identifying and resolving issues that arise. Enjoy retrieving and validating data for rate filings and actuarial models; assist in building rate studies, pricing tools, model enhancements, and financial reports. Can perform peer reviews, identify, and communicate errors and risks. Want to assist in preparation and coordination of all rate filings necessary for Commissioner of Insurance. Would like to coordinate with internal and external auditors to support regulatory audits and examinations.
Requirements
- Bachelor’s degree in actuarial science, statistics, mathematics, or related field.
- At least 2 exams completed towards the Associate of the Society of Actuaries designation.
- 2 or more years actuarial experience.
- Demonstrated skills in planning, organizing, coordinating, and managing multiple tasks and priority projects in a changing work environment.
- Proficient in Microsoft Excel and actuarial modeling tools and programming languages (e.g., SQL, R, Python).
- Knowledge and practice in reconciling report results.
- High speed cable or fiber internet
- Minimum of 10 Mbps downstream and at least 1 Mbps upstream internet connection (can be checked at https://speedtest.net )
Nice To Haves
- 4 or more years actuarial experience.
- Experience working in a health insurance or health plan environment.
- Diverse Actuarial Analysis exposure that could include: Reserving, Pricing Products, Supporting Underwriting, Network Management, Sales and Marketing, or Finance.
Responsibilities
- Assist in actuarial research, experience studies, and statistical analyses and calculations.
- Build and maintain models for pricing, forecasting, and risk assessment.
- Analyze financial, statistical, and mathematical data and perform actuarial calculations.
- Provide support to senior analysts or actuaries.
- Complete procedural tasks accurately, identifying and resolving issues that arise.
- Retrieve and validate data for rate filings and actuarial models; assist in building rate studies, pricing tools, model enhancements, and financial reports.
- Perform peer reviews, identify, and communicate errors and risks.
- Assist in preparation and coordination of all rate filings necessary for Commissioner of Insurance.
- Coordinate with internal and external auditors to support regulatory audits and examinations.
Benefits
- Remote and hybrid work options available
- Performance bonus and/or merit increase opportunities
- 401(k) with a 100% match for the first 3% of your salary and a 50% match for the next 2% of your salary ( 100% vested immediately )
- Competitive paid time off
- Health insurance, dental insurance, and telehealth services start DAY 1
- Professional and Leadership Development Programs
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
