Actuarial Analyst I

Utah; Murray, Northern (UT, KY); Hybrid; USD 65,000 - 95,000; Full time

Job summary

University of Utah Health seeks an analytical actuarial analyst to provide data and modeling support for actuarial services, including trend analysis, forecasting, and premium analysis. The role develops pricing for new products and evaluates plan offerings with predictive modeling for risk profiles.

The position supports pricing, financial projections, and claim liability estimates within a collaborative, patient-focused academic health system.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar quantitative field.
• Excellent communication and analytical skills and the ability to prioritize multiple priorities.
• One to two actuarial exams or equivalent experience; master’s degree is preferred.

Responsibilities

• Analyzes and summarizes data by applying mathematical, statistical and financial knowledge related to unpaid claim liability, forecasting and premium analysis.
• Conducts trend analysis and studies including tracking of industry trends and benchmarks.
• Develops pricing and analysis for new product development.
• Analyzes risk profiles of populations using predictive modeling techniques on both a concurrent and prospective basis.
• Analyzes completed work for accuracy, reasonableness and actuarial soundness.
• Troubleshoot processes and resolve complex issues.
• Conducts competitive market research regarding plan offerings, pricing and market share.
• Assists in the preparation and evaluation of special actuarial projects.
• Analyzes large claims and the impact to financial results.

Education

Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or similar background in quantitative analysis.

One to two actuarial exams or equivalent experience.

Master’s degree in a related field (preferred).

Job description

Overview

As a patient-focused organization, University of Utah Health exists to enhance the health and well-being of people through patient care, research and education. Success in this mission requires a culture of collaboration, excellence, leadership, and respect. University of Utah Health seeks staff that are committed to the values of compassion, collaboration, innovation, responsibility, integrity, quality and trust that are integral to our mission. EO/AA

• This position provides data and analytical expertise to support actuarial services including trend analysis, financial projections, reporting and claim liability estimates. The analyst performs studies to support pricing and associated rate filings. This role develops actuarial models to support new products and provider payment arrangements.

Corporate Overview: University of Utah Health is an integrated academic healthcare system with five hospitals including a level 1 trauma center, eleven community health centers, over 1,600 providers, and a health plan serving over 200,000 members. University of Utah Health is nationally ranked and recognized for our academic research, quality standards and overall patient experience. In addition to our clinical delivery system, we have a School of Medicine, School of Dentistry, College of Nursing, College of Pharmacy, and College of Health providing education and training for over 1,250 providers annually. We have over 2 million patient visits annually and research grants exceeding $350 million. University of Utah Hospitals and Clinics represents our clinical operations for the larger health system.

Responsibilities

Essential Functions

• Analyzes and summarizes data by applying mathematical, statistical and financial knowledge related to unpaid claim liability, forecasting and premium analysis.
• Conducts trend analysis and studies including tracking of industry trends and benchmarks.
• Develops pricing and analysis for new product development.
• Analyzes risk profiles of populations using predictive modeling techniques on both a concurrent and prospective basis.
• Analyzes completed work for accuracy, reasonableness and actuarial soundness. Troubleshoot processes and resolve complex issues.
• Conducts competitive market research regarding plan offerings, pricing and market share.
• Assists in the preparation and evaluation of special actuarial projects.
• Analyzes large claims and the impact to financial results.

Knowledge / Skills / Abilities

• Ability to prioritize and manage multiple competing priorities.
• Demonstrated self-starter with minimal need for intervention or supervision.
• Excellent oral and written communication skills and the ability to appropriately adjust communication for the audience.
• Excellent problem-solving and analytical skills with the ability to think logically and perform analysis in a timely manner.

Qualifications

Required

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or similar background in quantitative analysis.

Qualifications (Preferred)

Preferred

• Knowledge of the Utah healthcare market preferred.
• One to two actuarial exams or equivalent experience.
• Master’s degree in a related field preferred.

Working Conditions and Physical Demands

Employee must be able to meet the following requirements with or without an accommodation.

• This is a sedentary position in an office setting that may exert up to 10 pounds and may lift, carry, push, pull or otherwise move objects. This position involves sitting most of the time and is not exposed to adverse environmental conditions.

Physical Requirements

Listening, Sitting, Speaking, Standing

Multi-lingual Candidates Welcomed

EEO Statement

University of Utah Health Hospitals and Clinics, a part of The University of Utah, values candidates who have experience working in settings with students and patients from all backgrounds and possess a strong commitment to improving access to higher education and quality healthcare for historically underrepresented students and patient populations.

All qualified individuals are encouraged to apply. Veterans’ preference is extended to qualified applicants, upon request and consistent with University policy and Utah state law. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.

University of Utah Health Hospitals and Clinics, a part of The University of Utah, is an Affine Action/Equal Opportunity employer and does not discriminate based upon race, ethnicity, color, religion, national origin, age, disability, sex, sexual orientation, gender, gender identity, gender expression, pregnancy, pregnancy-related conditions, genetic information, or protected veteran's status. The University does not discriminate on the basis of sex in the education program or activity that it operates, as required by Title IX and 34 CFR part 106. The requirement not to discriminate in education programs or activities extends to admission and employment. Inquiries about the application of Title IX and its regulations may be referred to the Title IX Coordinator, to the Department of Education, Office for Civil Rights, or both.

To request a reasonable accommodation for a disability, please contact the University of Utah Health Hospitals and Clinics Human Resources office at 801-581-6500. If you or someone you know has experienced discrimination or sexual misconduct including sexual harassment, you may contact the Director/Title IX Coordinator in the Office of Equal Opportunity (OEO). More information, including the Director/Title IX Coordinator's office address, electronic mail address, and telephone number can be located at: www.utah.edu/nondiscrimination/. Online reports may be submitted at oeo.utah.edu/

The University is a participating employer with Utah Retirement Systems (“URS”). Eligible new hires with prior URS service, may elect to enroll in URS if they make the election before they become eligible for retirement (usually the first day of work). Contact Hospitals and Clinics Human Resources at [phone] for information. Individuals who previously retired and are receiving monthly retirement benefits from URS are subject to URS’ post-retirement rules and restrictions. Please contact Utah Retirement Systems at [phone] or [phone] or Hospitals and Clinics Human Resources at [phone] if you have questions regarding the post-retirement rules.

This position may require the successful completion of a criminal background check and/or drug screen.

Requisition Number 85142
Reg/Temp Regular
Employment Type Full-Time
Shift Day
Work Schedule Monday - Friday, 8AM - 5PM
Location Name University of Utah Health Plans
Workplace Set Up Hybrid
City Murray
State UT
Department UIP CST 01H UUHP ACTUARIAL DPT
Category Health Plans
Workplace Set Up Hybrid