Actuarial Associate

Medica • Minnetonka, MN

11h • 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.

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.
• Strong analytical and statistical skills.
• Demonstrate independent judgment.
• Proven ability to manage complex projects.
• Collaborative team player who communicates effectively.
• Contributes to continuous improvement and innovation.
• 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 tools.
• Capable of working independently and managing multiple priorities.
• Effective decision-making and problem-solving abilities.
• Strong collaboration and communication skills.
• Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

Nice To Haves

• Experience in healthcare or insurance actuarial work.
• Advanced proficiency in statistical programming and database tools.
• Knowledge of Medicare pricing, including Medicare Advantage Part C, Medicare Advantage Part D, Cost Plans, or Medical Supplement plans.

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.

Benefits

• competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services

What This Job Offers

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