Healthcare Analytics Associate

$45,000 - $77,000/Yr

AdvantageCare Physicians - New York, NY

Full-time - Entry Level

New York, NY

Ambulatory Health Care Services

About the position

The position involves developing, designing, and testing policies for review and approval by management. The role requires presenting statistical information to actuarial, underwriting, and other business partner leaders to support decisions regarding the pricing of plans, product development, and marketing planning. Additionally, the individual will administer finalized policies, monitor results, and provide feedback as needed. Collecting and compiling statistical data for further analysis is also a key responsibility, along with estimating the probability and likely cost of sickness, treatment, and medical services.

Responsibilities

• Design, test, and administer policies to minimize risk and maximize the profitability of insurance policies; develop and produce charts and other exhibits to explain proposals and calculations.
• Identify trends and patterns in a variety of complex data sets.
• Program and develop pricing and statistical models, spreadsheets, and databases using analytical software.
• Explain complex ideas and technical data to different audiences.
• Identify a company's risks and develop plans and recommendations to manage its risks; present findings to Actuarial management.
• Develop, maintain, and analyze projection models.
• Reconcile and analyze actuarial inputs and outputs.
• Collaborate with key leaders in order to identify and meet information needs.
• Establish actuarial, underwriting, or healthcare economics procedures and document them for internal use.
• Perform additional duties as directed.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, other physical science, or related finance/business degree required
• 2 - 3+ years of relevant, professional work experience and/or education required
• Understanding of actuarial principles and methodologies with strong mathematical and analytical skills required
• Excellent written and oral communication skills to deliver complex information to a diverse audience up to and including senior management/stakeholders required
• Capable with Excel, data extraction, simulations, automation required
• Proficiency with MS Office (Word, Excel, PowerPoint, Outlook) required
• Exposure to SQL, SAS, Python or similar preferred