Actuarial Analyst

Corewell Health • Grand Rapids, MI

1d

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 business decisions. The role participates in meetings to discuss the business impact of assumptions, evaluate scenarios, provide impact assessments, and help establish targets for pricing, budgeting, risk arrangements, and third-party contracts. The analyst also supports other departments—including Underwriting, Data & Analytics, Provider, Pharmacy, Product, and Finance—with analysis of product, contract, and risk arrangement pricing and profitability.

The analyst completes work and updates models with support from a more senior actuary. This is a learning-focused role involving regular shadowing of higher-level actuaries, development of core analytical concepts, and exposure to multiple business and functional areas. The analyst uses Microsoft Office, business intelligence tools, and other relevant tools to summarize results and provide descriptive analytics, while communicating clearly and seeking feedback and support as needed.

Requirements

• Bachelor's degree in Actuarial Science or a related discipline such as business, economics, statistics, or mathematics.
• Proficiency in spreadsheet software, preferably Excel, and database software such as Access, or programming languages such as SQL and/or SAS.
• Successful completion of at least one SOA Actuarial Exam, not including 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.
• Advise and support other departments on the pricing and profitability of products, contracts, and risk arrangements.
• Complete work and update models with support from a more senior actuary.
• Learn core analytical concepts and multiple business and functional areas, including through regular shadowing of higher-level actuaries.
• Use Microsoft Office, business intelligence tools, and other relevant tools to summarize results and provide descriptive analytics.
• Seek feedback and support, ask questions, and communicate clearly when assistance is needed.

Benefits

• Comprehensive benefits package
• On-demand pay program powered by Payactiv
• Discounts directory for restaurants, phone plans, spas, and other purchases
• Optional identity theft protection
• Optional home and auto insurance
• Traditional and Roth retirement options with service contribution and matching savings

What This Job Offers

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