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Actuarial Analyst

MEDICA HEALTH PLANS

MADISON, WIJobSeen todaySeen in employer's feed today

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At a glance

Compensation
No compensation found
Location
MADISON, WI
Work Authorization
Not specified

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Job overview

The Actuary I performs foundational actuarial analyses supporting risk evaluation, pricing, forecasting, and valuation. Under close guidance, the role applies introductory actuarial and statistical concepts to analyze data, prepare basic models, and produce standard reports. It contributes reliable data and analyses to team objectives while building actuarial and business knowledge.

Skills & qualifications

RequiredNice to have

Skills

Actuarial AnalysisStatistical AnalysisData AnalysisActuarial ModelingForecasting

Full job description

JOB REQUIREMENTS: Description 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. The Actuary I performs foundational actuarial analyses that support risk evaluation, pricing, forecasting and valuation. This role applies introductory actuarial and statistical concepts to analyze data, prepare basic models, and produce standard reports under close guidance. Operating with limited decisionmaking authority, the Actuary I focuses on accuracy, documentation, and learning established methodologies. The position contributes to team objectives by delivering reliable data and analyses and building actuarial and business knowledge. Key Accountabilities Conduct Actuarial Analyses & Forecasting Perform basic actuarial analyses using established tools, templates, and assumptions Compile and review historical experience data for completeness and consistency Support actuarial financial evaluations by preparing inputs and preliminary results Document methodologies and work steps to ensure transparency and reviewability Support Pricing, Rate Development, & Product Monitoring Assist with pricing analyses by preparing data and performing calculations Produce standard monitoring reports to track experience and financial outcomes Compare actual results to expectations and flag variances for further review Support rate development activities under supervision of senior staff Build & Maintain Actuarial Models & Tools Update and run existing actuarial models following defined instructions Validate data inputs and outputs to ensure accuracy and internal consistency Perform routine model maintenance and quality checks Document model processes and assumptions in accordance with actuarial standards Support Risk Assessment & Future Event Evaluation Assist with probability analyses and scenario testing using predefined parameters Compile results that illustrate potential cost and utilization impacts Prepare charts and summaries that explain analytical findings Incorporate feedback to refine assumptions and outputs Collaborate & Develop Actuarial Capability Respond to basic questions about data and analyses Partner with team members to complete projects and meet deadlines Maintain organized workpapers and version control Build actuarial... For full info follow application link. Equal Opportunity Employer including Veterans and Disabled Individuals ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/3759967A21794069

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