Sr. Actuarial Analyst

Medica•Madison, WI

3d•$70,200 - $105,315•Hybrid

About The Position

The Sr. Actuarial Analyst performs actuarial analyses and develops models to evaluate future risks and support pricing, forecasting, valuation, and financial decision-making. The role applies developing professional knowledge to analyze historical experience, identify trends, and estimate financial impacts. With growing independence, the analyst interprets actuarial results, supports rate development, and produces monitoring reports that inform business and product performance. The position contributes to team objectives by delivering accurate, well-documented analyses and recommending insights that support future planning. Other duties may be assigned. This is an office role requiring onsite work at Medica’s Madison, Wisconsin office an average of three days per week. The full salary grade is $70,200–$120,400, with a typical hiring range of $70,200–$105,315. Salary placement depends on factors including education, experience, certifications or licensure, role scope and responsibility, internal pay equity, and external market data. Medica offers a total rewards package that includes medical, dental, and vision benefits, PTO, holidays, paid volunteer time off, 401(k) contributions, caregiver services, and other benefits. Medica does not offer work visa sponsorship; applicants must be legally authorized to work in the United States at the time of application. Employment is contingent on identity and work-eligibility verification.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
At least 3 years of work experience beyond degree.
Four actuarial exams or modules.
Legally authorized to work in the United States at the time of application; work visa sponsorship is not offered.

Responsibilities

Perform actuarial analyses, including reserve estimates, cost projections, and experience studies, using established methods and tools.
Evaluate historical data to identify trends, patterns, and relationships that inform actuarial assumptions.
Prepare actuarial financial evaluations and document methodologies, data sources, and assumptions.
Develop forecasts under senior staff direction using appropriate actuarial and statistical techniques.
Assist in developing product and program rate levels and pricing assumptions in alignment with regulatory and organizational standards.
Prepare monitoring reports tracking pricing performance, financial results, and emerging experience.
Analyze differences between expected and actual results and communicate potential drivers to team members.
Recommend preliminary adjustments or considerations based on observed trends and model outcomes.
Develop and maintain models using statistical programming languages and database tools such as SQL, R, and Python, following established guidelines.
Validate model data inputs and outputs for consistency, reliability, and accuracy.
Automate recurring processes where appropriate to improve efficiency and reduce manual effort.
Document model logic, assumptions, and limitations to support reproducibility and internal review.
Analyze the likelihood and financial impact of future events using actuarial principles, probability analysis, and scenario testing.
Assist in quantifying risks related to utilization, cost trends, benefit changes, and market dynamics.
Prepare summaries and visualizations communicating risk drivers and potential financial implications.
Collaborate with senior actuaries to refine risk assumptions and incorporate new experience information.
Explain and interpret actuarial findings and provide analytical insights to partners in Finance, Product, and Operations.
Contribute to cross-functional projects by preparing data, conducting analyses, and summarizing actuarial impacts.
Respond with growing independence to internal questions about methodologies, results, and assumptions.
Support continuous improvement by sharing observations, documenting processes, and identifying workflow enhancements.
Perform other duties as assigned.