Actuary – Valuation & Reserving
About The Position
Conduct analysis, pricing, and risk assessment to estimate financial outcomes. Support the Actuarial Valuation Team through experience and trend analysis, valuation activities, and communication of financial results. The role supports monthly estimates of claims incurred but not paid, with a tight turnaround during the first week of each month, and offers opportunities to develop processes, identify operational efficiencies, collaborate across departments, and gain exposure to leadership. The position is fully remote within the continental United States across all time zones. Candidates should bring healthcare and valuation actuarial experience, including experience estimating claims incurred but not paid and knowledge of NAIC actuarial opinions. Strong Excel skills are required, including VBA, arrays, PivotTables, and queries. SQL, Python, Power BI, and the ability to leverage AI tools to enhance actuarial analysis and decision-making are preferred. A bachelor's degree in a related field or equivalent experience is required. Candidates must have either at least five years of actuarial experience and an ASA designation, or at least four years of actuarial experience and an FSA designation. ASA certification is listed as required; MAAA membership is preferred.
Requirements
- Bachelor's degree in a related field or equivalent experience.
- At least five years of actuarial experience with an Associate of the Society of Actuaries (ASA) designation, or at least four years of actuarial experience with a Fellow of the Society of Actuaries (FSA) designation.
- ASA certification is listed as required.
- Healthcare and valuation actuarial experience, including estimating claims incurred but not paid and knowledge of NAIC actuarial opinions.
- Strong Excel skills, including VBA, arrays, PivotTables, and queries.
- Creative, analytical, and innovative thinking.
Nice To Haves
- Member of the American Academy of Actuaries (MAAA).
- Experience with SQL, Python, and Power BI.
- Ability to effectively leverage AI tools to enhance actuarial analysis and decision-making.
Responsibilities
- Estimate liabilities for claims incurred but not paid.
- Communicate financial results to health plans and other internal stakeholders.
- Support the NAIC actuarial opinion process.
- Apply mathematics, probability, statistics, finance, and business principles to calculate financial outcomes.
- Develop probability tables based on analysis of statistical data and other pertinent information.
- Review insurance plans and calculate required premium rates.
- Ensure cash reserves and liabilities enable payment of future benefits.
- Determine an equitable basis for distributing money for insurance benefits.
- Participate in merger and acquisition analysis.
- Perform other duties as assigned and comply with all policies and standards.
- Conduct experience and trend analysis and support valuation activities.
- Help develop new processes and identify operational efficiencies.
Benefits
- Competitive pay.
- Health insurance.
- 401K and stock purchase plans.
- Tuition reimbursement.
- Paid time off and holidays.
- Flexible approach to work, with remote, hybrid, field, or office work schedules.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
