Sr. Actuarial Analyst

Madison•Madison, WI

2d•$70,200 - $120,400•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. The role is an office position 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, work experience, certifications or licensure, position scope and responsibility, internal pay equity, and external market data. Medica offers a total rewards package that includes medical, dental, and vision coverage, PTO, holidays, paid volunteer time off, 401(k) contributions, caregiver services, and other benefits. Medica does not offer work visa sponsorship for this role; candidates must be legally authorized to work in the United States at the time of application.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related field.
At least 3 years of work experience beyond the degree.
Four actuarial exams or modules.
Legally authorized to work in the United States at the time of application; employment is contingent on verification of identity and work eligibility.

Responsibilities

Conduct 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 the direction of senior staff 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 reports monitoring pricing performance, financial results, and emerging experience.
Analyze variances 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, under 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, or market dynamics.
Prepare summaries and visualizations that communicate risk drivers and potential financial implications.
Collaborate with senior actuaries to refine risk assumptions and incorporate new information as experience develops.
Explain and interpret actuarial findings and provide analytical insights to partners across Finance, Product, and Operations.
Contribute to cross-functional projects by preparing data, performing analyses, and summarizing actuarial impacts.
Respond with growing independence to internal questions about methodologies, results, and assumptions.
Share observations, document processes, and identify opportunities to improve existing workflows.
Perform other duties as assigned.