Sr Actuarial Associate

Medica • Minnetonka, MN

8h • Hybrid

About The Position

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for. We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued. Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned.

Requirements

• Bachelor's degree or equivalent experience in related field
• 7 years of work experience beyond degree
• FSA achieved or demonstrated performance over multiple years under the supervision of a qualified actuary

Nice To Haves

• Experience pricing Self-Funded or Level-Funded products and/or experience with Stop-Loss pricing.
• Healthcare experience is preferred
• Proficiency in Excel and experience in SAS or SQL is also preferred
• Strong problem-solving skills and attention to detail
• Ability to balance several projects and deadlines at once

Responsibilities

• Responsibility for pricing assigned lines of business
• Prepare and analyze monitoring reports, develop forecasts, and update pricing factors.
• Monitor performance of existing block for opportunities and risks.

Benefits

• Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level