Actuarial Analyst I

Point32Health; Canton (MA); On-site; USD 61,000 - 92,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Retirement plans

Paid time off

Life and disability insurance

Tuition program

Job summary

Point32Health is seeking an Actuarial Analyst I to support a broad range of financial and actuarial functions, including rate reviews, planning, trend analysis and provider cost analysis. You will collaborate with underwriting, sales, contracting and medical management to deliver insights and drive improvements.

The role requires a college degree, 1–3 actuarial exams, and 1–3 years of analytic experience, with proficiency in relational databases, data warehouses, Excel, and statistical modeling.

Qualifications

• College degree required.
• Completion of 1-3 actuarial exams.
• 1–3 years’ demonstrated experience in analytic work.
• Experience with relational databases, data warehouses, Excel and statistical modeling.

Responsibilities

• Planning, design and project/process management.
• Technical analysis using data systems and query tools.
• Data checks and validation for consistency.
• Interpreting results to answer business questions.
• Packaging results for presentation to stakeholders.

Skills

Verbal and written skills

Matrix environment

Actuarial department standards

Management oversight

Analytical judgment

Team player

Education

College degree

Actuarial exams (1-3)

Tools

Relational databases

Data warehouses

Excel

Statistical modeling

Job description

Who We Are

Point32Health is a leading not-for-profit health and well-being organization dedicated to delivering high-quality, affordable healthcare. Serving nearly 2 million members, Point32Health builds on the legacy of Harvard Pilgrim Health Care and Tufts Health Plan to provide access to care and empower healthier lives for everyone. Our culture revolves around being a community of care and having shared values that guide our behaviors and decisions. We’ve had a long-standing commitment to inclusion and equal healthcare access and outcomes, regardless of background; it’s at the core of who we are. We value the rich mix of backgrounds, perspectives, and experiences of all of our colleagues, which helps us to provide service with empathy and better understand and meet the needs of the communities where we serve, live, and work.

We enjoy the important work we do every day in service to our members, partners, colleagues and communities. Learn more about who we are at Point32Health.

Job Summary

The Actuarial Analyst I support the analysis and data needs for a broad range of financial and actuarial functions. This support will include rate reviews, financial planning and projections, trend analysis, product development, provider reimbursement analysis, fee schedule development, provider risk analysis, and medical cost containment analysis. This role will work closely with a variety of departments including underwriting, sales, contracting, and medical management. Familiarity with the health insurance industry as well as experience in relational databases, data warehouses, Excel and statistical modeling as well as strong interpersonal skills are required. The position is eligible to participate in the Actuarial Student Program, including job rotations every 18-36 months and comprehensive support of the pursuit of Fellowship in the Society of Actuaries.

Job Description

Key Responsibilities/Duties – what you will be doing (top five):

• Planning, Design, Project/Process Management
  • Performs analytic project work assigned by manager
  • Provides input into analytic project plan development
• Technical Analysis
  • Uses data systems and query tools to complete work projects, primarily by modifying existing code and tools
• Checking/Validation/Peer Review
  • Performs basic checks for data consistency, according to defined criteria
• Analysis/Interpretation
  • Examines and interprets results in the context of the specific business questions being addressed
• Communication/Presentation of Results
  • Packages results to demonstrate how the analysis answers identified questions
• Other projects and duties as assigned.

Qualifications – What You Need To Perform The Job

Education, Certification and Licensure

• College degree required.
• Completion of 1-3 actuarial exams

Experience (minimum Years Required)

• 1 – 3 years’ demonstrated experience in analytic work
• Experience in the use of personal computers, relational databases, statistical packages, spreadsheet and/or database applications

Skill Requirements

• Well-developed verbal and written skills
• Able to operate in a matrix environment
• Able to follow Actuarial department standards and processes
• Receives regular management oversight of all tasks, projects and processes
• Applies own judgment to limited analytical/technical issues
• Must be able to work cooperatively as a team member.

Working Conditions and Additional Requirements (include special requirements, e.g., lifting, travel)

• Must be able to work under normal office conditions and work from home as required.
• Work may require simultaneous use of a telephone/headset and PC/keyboard and sitting for extended durations.
• May be required to work additional hours beyond standard work schedule.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Management retains the discretion to add to or change the duties of the position at any time.

Salary Range

$61,296.77 -$91,945.15

Compensation & Total Rewards Overview

The annual base salary range provided for this position represents a range of salaries for this role and similar roles across the organization. The actual salary for this position will be determined by several factors, including the scope and complexity of the role; the skills, education, training, credentials, and experience of the candidate; as well as internal equity. As part of our comprehensive total rewards program, colleagues are also eligible for variable pay. Eligibility for any bonus, commission, benefits, or any other form of compensation and benefits remains in the Company's sole discretion and may be modified at the Company’s sole discretion, consistent with the law.

Point32Health offers their Colleagues a competitive and comprehensive total rewards package which currently includes:

• Medical, dental and vision coverage
• Retirement plans
• Paid time off
• Employer-paid life and disability insurance with additional buy-up coverage options
• Tuition program
• Well-being benefits
• Full suite of benefits to support career development, individual & family health, and financial health

For more details on our total rewards programs, visit https://www.point32health.org/careers/benefits/

We welcome all

All applicants are welcome and will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.