Actuarial Analyst
Medica•Madison, WI
•Hybrid
About The Position
The Actuarial Analyst performs foundational actuarial analyses that support risk evaluation, pricing, forecasting and valuation. This role applies introductory actuarial and statistical concepts to analyze data, prepare basic models, and produce standard reports under close guidance. Operating with limited decision-making authority, the Actuarial Analyst focuses on accuracy, documentation, and learning established methodologies. The position contributes to team objectives by delivering reliable data and analyses and building actuarial and business knowledge.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
- Successful completion of 1 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
- Perform basic actuarial analyses using established tools, templates, and assumptions
- Compile and review historical experience data for completeness and consistency
- Support actuarial financial evaluations by preparing inputs and preliminary results
- Document methodologies and work steps to ensure transparency and reviewability
- Assist with pricing analyses by preparing data and performing calculations
- Produce standard monitoring reports to track experience and financial outcomes
- Compare actual results to expectations and flag variances for further review
- Support rate development activities under supervision of senior staff
- Update and run existing actuarial models following defined instructions
- Validate data inputs and outputs to ensure accuracy and internal consistency
- Perform routine model maintenance and quality checks
- Document model processes and assumptions in accordance with actuarial standards
- Assist with probability analyses and scenario testing using predefined parameters
- Compile results that illustrate potential cost and utilization impacts
- Prepare charts and summaries that explain analytical findings
- Incorporate feedback to refine assumptions and outputs
- Respond to basic questions about data and analyses
- Partner with team members to complete projects and meet deadlines
- Maintain organized workpapers and version control
- Build actuarial knowledge through feedback and on-the-job learning
Benefits
- competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
