Actuarial Associate

Medica•Madison, WI

4d•Hybrid

About The Position

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for. We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued. The Actuarial Associate will 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. Key Accountabilities Conduct and interpret actuarial analyses, valuations, and cost estimates Perform rate level pricing functions and prepare monitoring reports Use statistical programming and database tools for modeling and forecasting Analyze historical data to identify trends and develop future projections Apply actuarial principles to complex projects with moderate decision-making authority Recommend new projects and work procedures to improve team or unit performance Contribute to team objectives and influence functional goals through professional expertise Serve as a resource to others and support cross-functional collaboration The successful candidate will possess strong analytical and statistical skills, demonstrate independent judgment, and have a proven ability to manage complex projects. They will be a collaborative team player who communicates effectively and contributes to continuous improvement and innovation.

Requirements

Bachelor’s degree or equivalent experience in a related field
5 years of work experience beyond degree
Associate of the Society of Actuaries (ASA) designation
Proficiency in actuarial analysis and modeling techniques
Strong statistical and analytical skills
Ability to interpret complex data and communicate findings effectively
Skilled in using statistical programming and database tool
Capable of working independently and managing multiple priorities
Effective decision-making and problem-solving abilities
Strong collaboration and communication skills

Nice To Haves

Experience in healthcare or insurance actuarial work
Advanced proficiency in statistical programming and database tools
Knowledge of ACA Individual or Small Group pricing

Responsibilities

Conduct and interpret actuarial analyses, valuations, and cost estimates
Perform rate level pricing functions and prepare monitoring reports
Use statistical programming and database tools for modeling and forecasting
Analyze historical data to identify trends and develop future projections
Apply actuarial principles to complex projects with moderate decision-making authority
Recommend new projects and work procedures to improve team or unit performance
Contribute to team objectives and influence functional goals through professional expertise
Serve as a resource to others and support cross-functional collaboration