Actuarial Analyst I

CareSource; United States; Remote; USD 63,000 - 100,000; Full time

Job summary

The Actuarial Analyst I at CareSource provides timely data and analysis to support department, area and corporate initiatives. You will develop actionable recommendations, calculate profitability reports, and participate in cross-functional teams to address key issues facing the organization.

The role requires a Bachelor's degree in actuarial science, mathematics, economics or a related field, plus SAS or Access experience; healthcare exposure is preferred.

Qualifications

• Bachelor's degree in actuarial science, mathematics, economics or related field.
• Strong foundation in data analysis and financial concepts.
• Experience with SAS or Access preferred; SQL/R skills valuable.

Responsibilities

• Provides timely data and analysis to support department, area and corporate initiatives.
• Develops actionable recommendations to management from analyses.
• Calculates profitability reports on relevant business segments.
• Performs regular and ad-hoc analyses to identify efficiency opportunities.
• Participates in cross-functional teams addressing key organizational issues.
• Prepares monthly calculation of the company's IBNR reserves.
• Evaluates government reimbursement processes to identify risks and opportunities.
• Contributes to initiatives to improve operating results and MLR.

Skills

Interpersonal communication

Verbal communication

Written communication

Independent work

Team collaboration

Analytical thinking

Problem solving

Attention to detail

Calm under pressure

Microsoft Excel

Education

Bachelor's degree in actuarial science, mathematics, economics or related field

Tools

SAS

Access

SQL

R

Job description

Job Summary:The Actuarial Analyst I is responsible for providing timely, accurate, and actionable data and analysis supporting the department, area, and corporate key initiatives.Essential Functions:Develops actionable recommendations to management relative to all analysisCalculates profitability reports on appropriate business segmentsPerforms regular and ad-hoc analysis to identify opportunities to improve efficiency and affordabilityPerforms regular and ad-hoc analysis/studies to evaluate assumptions used in other processesParticipates in cross functional teams to address key issues facing the organizationPrepares monthly calculation of the company's IBNR reservesEvaluates government reimbursement process to determine areas of risk and opportunityParticipates in initiatives to improve operating resultsInitiates key analysis to improve overall MLR resultsPerforms other duties as assignedEducation and Experience:Bachelor's degree in actuarial science, mathematics, economics or a related field is requiredStrong database (SAS or Access) experience is preferredManaged Care or healthcare experience is preferredCompetencies, Knowledge and Skills:Intermediate interpersonal/verbal communication skills and a high level of professionalismIntermediate written communication skillsIntermediate ability to work independently and within a team environmentIntermediate ability to work in fast paced environment with changing prioritiesIntermediate ability to remain calm under pressureIntermediate proficiency level with Microsoft ExcelIntermediate proficiency with Microsoft Suite to include, Word, Power Point and OutlookBasic ability to effectively present information and respond to questions from peers and managementBasic ability to analyze and interpret financial data in order to coordinate the preparation of financial recordsBasic knowledge of SQL, SAS, R, or other data manipulation softwareEffective problem-solving skills with attention to detailEffective listening and critical thinking skillsLicensure and Certification:A minimum of one exam passed under the Society of Actuaries Exam Syllabus is required; exam SRM via transition credit does not meet this requirementActive pursuit of an actuarial designation (ASA) is requiredWorking Conditions:General office environment; may be required to sit or stand for extended periods of timeCompensation Range:$62,700.00 - $100,400.00CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.Compensation Type (hourly/salary):SalaryOrganization Level CompetenciesFostering a Collaborative Workplace CultureCultivate PartnershipsDevelop Self and OthersDrive ExecutionInfluence OthersPursue Personal ExcellenceUnderstand the BusinessThis job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an environment of belonging that welcomes and supports individuals of all backgrounds.#LI-RW1Brand=CareSource