[Remote] Actuarial Analyst I

Note: The job is a remote job and is open to candidates in USA. WellSense Health Plan is a growing regional health insurance company with a 25-year history of providing health insurance that works for their members. The Actuarial Analyst I will provide assistance and technical support for pricing, reserving, medical economics, financial forecasting, and healthcare data analytics while working with a team of actuaries.

Responsibilities

• Analyzes financial, statistical and mathematical data and performs actuarial calculations
• Assists in the rate development through analyses of benefit design, rating factors, claims experience, regulatory mandates, admin allocation, and projection of future claim cost
• Assists in regulatory rate filings, and prepares data or response for additional inquiries
• Assists in the development of monthly IBNR reserve estimates for different line of business
• Prepares monthly accruals and contract settlements for different line of business
• Assists in financial budget, reforecast and other financial projections
• Assists in risk adjustment analyses and risk score simulations
• Supports trend development, trend drivers study, and/or provider contract analytics
• Maintains established reports for internal needs and/or regulatory requirements
• Participates in internal and external audits
• Provides analytic support for corporate initiatives/projects
• Executes SQL/SAS queries and programs to extract data from data warehouse, and reviews the data to ensure accuracy and validity
• Is a participant in good standing in the Actuarial Student Program, and is committed to completing the Society of Actuaries education courses to attain the ASA or FSA designation

Skills

• Bachelor's Degree in Mathematics, Actuarial Science, Finance, Economics or related fields
• At least 1 year of progressively responsible experience in actuarial analysis, data modeling, informatics and analysis
• Commensurate educational experience in related field will be considered
• Working knowledge of MS Office products, SQL, and SAS or other statistical software
• Should be experienced in Microsoft Excel
• Ability to meet deadlines, multi-task, problem solve and use appropriate technology to analyze business problems
• Ability to work collaboratively with team members and other departments
• Good communications skills
• Successful completion of at least 1 SOA actuarial exams, desired

Benefits

• Medical
• Dental
• Vision
• Pharmacy
• Merit increases
• Flexible Spending Accounts
• 403(b) savings matches
• Paid time off
• Career advancement opportunities
• Resources to support employee and family wellbeing

Company Overview

Company H1B Sponsorship