Actuarial Associate - Pharmacy
About The Position
Are you passionate about leveraging data and analytics to improve healthcare affordability and outcomes? As an Actuarial Associate on our Pharmacy team, you will work alongside experienced actuaries to analyze pharmacy trends, evaluate financial performance, and support strategic decision-making that impacts members and the organization. In this role, you will apply your knowledge of mathematics, statistics, and actuarial principles to support pharmacy pricing, forecasting, valuation, and healthcare economics initiatives. You'll gain exposure to complex pharmacy data and collaborate with cross-functional partners across Pharmacy, Finance, Underwriting, Healthcare Analytics, and Network Management to develop insights and solutions that help manage pharmacy costs and improve member value. This is an excellent opportunity for an analytical and detail-oriented professional seeking to build a career in healthcare actuarial science while contributing to innovative pharmacy programs and strategies.
Requirements
- Bachelor's degree or advanced degree (where required)
- 0-2 years of experience in related field
- Enrolled in the actuarial student program and is committed to completing the Society of Actuaries education system courses necessary to attain the ASA designation.
Nice To Haves
- Previous Pharmacy experience a plus
- SQL, SAS, Python experience highly preferred
Responsibilities
- Analyzes financial, statistical and mathematical data and performs actuarial calculations.
- May assist in the determination of pricing, reserves and/or cash flow projections.
- Assists in performing rate studies used in determining rate adequacy.
- Assists in actuarial research, experience studies, and statistical analyses and calculations.
- Provides support to senior analysts or actuaries as required.
- Retrieves and validates data for rate filings and actuarial models.
- Assists senior staff in the building of model enhancements and determines reasons for changes to calculated factors.
- Distributes established reports and responds to inquiries.
- Investigates trends and anomalies.
- Supports Enterprise Risk Management.
- Provides analytic support for corporate and departmental projects.
- Is a participant in good standing in the Actuarial Development Program
Benefits
- Medical, dental, and vision coverage along with numerous health and wellness programs.
- Parental leave and support plus adoption and surrogacy assistance
- Career development programs and tuition reimbursement for continued education
- 401k match including an annual company contribution
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
