Actuarial Analyst - 2394505

Internationalinsuranceprofessionals; Eden Prairie (MN); Hybrid; USD 97,000 - 111,000; Full time

Job summary

Optum Services, Inc. in Eden Prairie, MN, is seeking an Actuarial Analyst to compile revenue data, perform variance analyses, and develop client reporting datasets. You will forecast revenue, project expenses, and set model assumptions using actuarial techniques.

This role supports data-driven decisions across healthcare projects. Required are a math/actuarial degree, one actuarial exam, Excel with VBA, Python, and familiarity with Office tools.

Qualifications

• Bachelor's degree in Mathematics, Statistics, Actuarial Science, Finance, Economics or related field.
• Graduate-level coursework, internship or thesis in actuarial field.
• Completion of at least one Actuarial exam.
• Excel with VBA coding.
• Microsoft Office suite (Outlook/Teams/PowerPoint).
• Interpret, modify, and create Python code.
• Foundational actuarial concepts such as premium, claims, and reserves.
• Healthcare modeling concepts such as runout, claims triangles, incidence, severity, and VaR.

Responsibilities

• Comply revenue and statistical data for various projects.
• Produce monthly variance analyses and forecast revenue.
• Perform expense cost projections and unpaid claim reserves.
• Access and extract data from databases and review for accuracy.
• Develop and generate data reports and models.
• Measure historical relationships to identify trend drivers.

Skills

Actuarial analysis

Excel VBA

Python

Data analysis

Office tools

Education

Bachelor's degree in Mathematics, Statistics, Actuarial Science, Finance, Economics or related field

Graduate-level coursework / internship / thesis in actuarial field

Tools

Excel

Outlook

Teams

PowerPoint

Job description

Actuarial Analyst (Job ID: 2394505)

EMPLOYER: Optum Services, Inc

LOCATION: 1 Optum Circle, Eden Prairie, MN 55344 (Telecommuting is available from anywhere in the U.S.)

Duties

Comply revenue and statistical data for various projects, including producing monthly variance analysis reports and forecast revenue; perform expense cost projections and unpaid claim reserve estimates; access and extract data from databases, review it for accuracy, and resolve any issues; develop and generate data reports, apply actuarial approaches while balancing principles with business realities; measure historical relationships to identify trend drivers, create and test models, and maintain them for efficiency; analyze healthcare claims data, perform quantitative analysis, and develop detailed data sets for client reporting and analytics; and set and defend key model assumptions. Telecommuting is available from anywhere in the U.S.

Requirements

Employer will accept a Bachelor's degree in Mathematics, Statistics, Actuarial Science, Finance, Economics or related field, and the completion of a graduate-level coursework, research project, internship, or thesis or one (1) year of experience involving the following:

• Completion of at least one Actuarial exam;
• Microsoft Excel, including VBA coding;
• Microsoft Office suite including Outlook, Teams, or PowerPoint;
• Interpret, modify, and create Python code;
• Foundational actuarial concepts such as premium, claims, and reserves; and
• Healthcare modeling concepts such as runout, claims triangles, incidence, severity, and VaR.

Rate of Pay

$97,162 - $111,417 per year

About Optum

Careers with Optum. Here's the idea. We built an entire organization around one giant objective; make health care work better for everyone. So when it comes to how we use the world's large accumulation of health-related information, or guide health and lifestyle choices or manage pharmacy benefits for millions, our first goal is to leap beyond the status quo and uncover new ways to serve. Optum, part of the UnitedHealth Group family of businesses, brings together some of the greatest minds and most advanced ideas on where health care has to go in order to reach its fullest potential. For you, that means working on high performance teams against sophisticated challenges that matter. Optum, incredible ideas in one incredible company and a singular opportunity to do your life's best work.(sm)

UnitedHealth Group offers a full range of comprehensive benefits, including medical, dental and vision, as well as matching 401k and an employee stock purchase plan.

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.