Actuarial Associate (Full-time Remote, North Carolina Based)
About The Position
The Actuarial Associate will analyze and interpret data related to cost, membership, capitation, Rate-setting, Incurred But Not Reported (IBNR) and other items as needed. They will use SQL/excel etc. to model data and assess financial risk and help develop exhibits to assist in the socialization of financial outcomes. The Actuarial Associate will also serve as a subject matter expert to internal and external stakeholders and partner with teams to produce actionable insights. This position is a remote position, working from home and coming into the office occasionally for in-person meetings with leadership and/or team members. This position is fully remote. The selected candidate must reside in North Carolina.
Requirements
- Bachelor’s Degree in Actuarial Science, Mathematics, Business, or related field from an accredited college/university and at least three (3) or more years of related experience in an Actuarial capacity
- Candidate applying for this job is required to have passed at least 2 Society of Actuary (SOA) Actuarial Examinations
- Microsoft Office Package
- Communication- Verbal
- Organization
- Complex Problem Solving
- Time Management; Prioritization
- Written Communication; Reporting
- SQL
Nice To Haves
- Experience with Financial Close Processes is preferred
- Experience supporting Health Plan is preferred
- Training/Presentation
Responsibilities
- Evaluate information to determine the potential risks of certain events and their financial impact on the organization
- Analyze actual vs budgeted PMPM rates by Category of Service and evaluate the causes of healthcare expense patterns
- Support the development, maintenance, and preparation of IBNR models, lag schedules and liability calculations
- Adjust and refine IBNR models based on changes in the organization, the environment, or additional risks that may arise
- Assist in the development of Value Based Contract assessment and reporting
- Undertake financial reconciliation for risk sharing agreements
- Evaluate feasibility / opportunity for ‘New’ VBC arrangements
- Become an internal SME on State Rate developments
- Analyze the rate book provided by the state to validate assumptions
- Assist the Actuarial Function in the creation of documented procedures to support Completion and IBNR
- Present and communicate complex statistical and mathematical information to others
- Develop and present strategies and solutions that manage risk and costs
Benefits
- Medical, Dental, Vision, Life, Long Term Disability
- Generous retirement savings plan
- Flexible work schedules including hybrid/remote options
- Paid time off including vacation, sick leave, holiday, management leave
- Dress flexibility
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
