Actuarial Analyst

Medica; Minnetonka, Northern (MN, KY); Hybrid; USD 70,000 - 105,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

PTO

Holidays

Paid volunteer time off

401K contributions

Caregiver services

Job summary

Medica, a nonprofit health plan serving communities in MN and beyond, seeks an Actuarial Analyst to join its Actuarial Services team in Minnetonka, MN. You will support pricing, forecasting, reserving, and financial reporting while advancing your actuarial exams.

This office-based role emphasizes collaboration with cross-functional teams and ongoing professional development as you contribute to model development, data analysis, and regulatory reporting.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
• 0-1 years of experience beyond degree
• Successful completion of 1 Society of Actuaries (SOA) exams

Responsibilities

• Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions
• Perform data analysis and validation using actuarial and statistical techniques
• Contribute to the development of reports, exhibits, and presentations for leadership and regulatory bodies
• Support actuarial projects related to product development, trend analysis, and risk management
• Ensure accuracy and compliance with actuarial standards, regulatory requirements, and Medica policies
• Collaborate with cross-functional teams including Finance, Underwriting, and Product Development
• Continue professional development through actuarial exams and on-the-job learning

Skills

Analytical skills

Problem solving

Communication

Education

Bachelor's degree in Actuarial Science/Mathematics/Statistics/Economics/Finance

Tools

Excel

SQL

SAS

R

Python

Job 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.

Medica is seeking an Actuarial Analyst to join our Actuarial Services team in Minnetonka, MN. This role provides analytical support in the areas of pricing, forecasting, reserving, and financial reporting. Performs other duties as assigned.

Key Accountabilities

• Assist in the preparation of financial models, pricing structures, and reserve estimates to support business decisions
• Perform data analysis and validation using actuarial and statistical techniques
• Contribute to the development of reports, exhibits, and presentations for leadership and regulatory bodies
• Support actuarial projects related to product development, trend analysis, and risk management
• Ensure accuracy and compliance with actuarial standards, regulatory requirements, and Medica policies
• Collaborate with cross-functional teams including Finance, Underwriting, and Product Development
• Continue professional development through actuarial exams and on-the-job learning

Required Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
• 0-1 years of experience beyond degree
• Successful completion of 1 Society of Actuaries (SOA) exams

Preferred Qualifications

• Strong analytical, problem-solving, and critical-thinking skills
• Proficiency with Microsoft Excel; experience with SQL, SAS, R, or Python is a plus
• Excellent written and verbal communication skills
• Ability to work independently and as part of a collaborative team

This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, or Madison, WI.

The full salary grade for this position is $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, 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.

The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.