Associate Actuary

Cambia Health Solutions•Washington, DC

2d•$95,000 - $172,000•Hybrid

About The Position

The Associate Actuary leads and performs technical, analytical, reporting, and support functions as a member of Cambia’s Actuarial team. The role collaborates with peers, management, and customers to help the Actuarial and Healthcare Informatics departments and the company meet market and financial goals, in support of a person-focused healthcare experience. The position is hybrid, with three days per week in the office, at listed Cambia locations. Preference is given to current employees and candidates who live within commuting distance of certain offices or are willing to relocate. The Associate Actuary develops methodologies and recommends methodology, assumptions, and process improvements to team management; presents results and prepares or reviews written responses to complex regulator or customer questions; manages projects and develops workplans and documentation; and reviews work products for quality and compliance with applicable Actuarial Standards of Practice. The role may perform actuarial certification duties and requires effective management of work, study time, and professional development. Local or out-of-state travel may be required, and work outside normal business hours may be required. Cambia describes itself as a purpose-driven organization focused on person-centered, economically sustainable healthcare. The position includes a competitive base salary and bonus opportunities. Benefits highlighted include medical, dental, and vision coverage; a health savings account contribution; paid time off and company-paid holidays; a 401(k) with company match and potential discretionary contribution; paid parental leave; wellness programs; an Employee Assistance Fund; and commute and parking benefits. Work-from-home options are available for most roles, subject to wired internet requirements. New hires need access to a personal mobile device for multi-factor authentication.

Requirements

Bachelor’s degree in mathematics, actuarial science, statistics, economics, computer science, or a related discipline, and at least four years of increasingly responsible actuarial job experience, or an equivalent combination of education and experience.
Completed requirements for Associateship in the Society of Actuaries (ASA), or in process with equivalent actuarial experience.
Demonstrated analytical and problem-solving skills and curiosity.
Demonstrated knowledge of insurance company functions, operations, and data.
Effective verbal and written communication skills.
Ability to work independently and in teams on complex projects with significant risk and financial impacts.
Technology expertise with Microsoft Office Suite and coding tools such as SQL, SAS, or Alteryx.
Ability to meet the wired internet requirements for work-from-home options, where applicable.
Access to a personal mobile device for setting up multi-factor authentication upon joining the company.
Ability to complete a required background check.

Nice To Haves

Experience with AI tools and technologies to enhance productivity and decision-making in professional settings.
Current employee status, residence within commuting distance of Salt Lake City, Boise, Fargo, Lewiston, Springdale, or Little Rock, or willingness to relocate.

Responsibilities

Develop new methodologies and recommend methodology, assumptions, or process improvements to team management; may perform actuarial certification duties.
Present results to customers and develop and review written responses to complex regulator or customer questions.
Manage personal and team projects successfully; develop workplans and documentation.
Perform peer reviews of regular and ad hoc work products according to department and team quality assurance standards.
Understand the risk level of work products and ensure compliance with applicable Actuarial Standards of Practice.
Effectively manage work and study time and actively manage an individual development plan.
Collaborate with peers, management, and customers to support actuarial and company market and financial goals.

Benefits

Competitive base pay and bonus opportunities; stated bonus target is 10%.
401(k) plan with significant company match and a potential discretionary contribution based on company performance, with no vesting period.
Medical, dental, and vision coverage for employees and eligible family members, including mental health benefits.
Annual employer contribution to a health savings account.
Paid time off that varies by role and tenure, plus 10 company-paid holidays.
Up to 12 weeks of paid parental time off, subject to eligibility requirements.
Wellness programs that reward participation.
Employee Assistance Fund.
Commute and parking benefits.
Work-from-home options for most roles, subject to internet requirements.
Employee resource groups and Cambia-supported community outreach programs.