Actuarial Associate

Medica•St. Louis, MO

6h•Hybrid

About The Position

Medica is a nonprofit health plan with over a million members, serving communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. They focus on delivering personalized health care experiences and partnering closely with providers to ensure members are genuinely cared for. The team values accountability, data-driven decisions, continuous learning, and collaboration, aiming to be there in the moments that matter most for members and employees, creating a community of connected care. The Actuarial Associate will analyze and evaluate the likelihood of future events to reduce and manage future risks. This role involves completing and interpreting actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Responsibilities also include performing rate level pricing functions, preparing monitoring reports on program or product pricing, and measuring historical relationships to develop forecasts and identify trends.

Requirements

Bachelor’s degree or equivalent experience in a related field.
Minimum of 5 years of work experience beyond degree.
Associate of the Society of Actuaries (ASA) designation.

Nice To Haves

Experience in healthcare or insurance actuarial work.
Knowledge of reserving and monthly financial reporting.
Advanced programming and technical skills in data mining, extraction, and analysis.

Responsibilities

Analyze and evaluate the likelihood of future events in order to reduce and manage future risks.
Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools.
Perform rate level pricing functions and prepare monitoring reports on program or product pricing.
Measure historical relationships to develop forecasts and identify trends.
Performs other duties as assigned.