Actuarial Analyst II

The Blue Venture Fund; Buffalo (NY); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance

401k match

Parental leave

HSA contributions

Job summary

Wayspring is seeking an Actuarial Analyst II to join our actuarial services team in Buffalo, NY. You will help build and expand actuarial reporting across healthcare cost modeling, reserve development, pricing strategy, trend analysis, and related analyses.

This role supports the organization’s mission to transform care for individuals with substance use disorder. This position is suited for candidates pursuing ASA or FSA designation and offers broad exposure beyond traditional actuarial work,

Responsibilities

• Monitors, modifies, and identifies abnormalities in eligibility and claims data sets.
• Develops basic understanding of actuarial concepts and requirements.
• Assists in development of spreadsheet and database tools to manage, analyze, and report data.
• Gathers, prepares, and presents data for reasonableness.
• Generates reports through Excel and conducts reasonableness checks.
• Assists with IBNR reporting and other accrual submissions.
• Adhere to Wayspring information security and privacy requirements.

Job description

• Location: Wayspring, Buffalo, NY, 14220, United States
• Job Category: Corporate
• Employee Type: FT Exempt

Actuarial Analyst II Overview:

Wayspring is seeking a driven and analytically curious Actuarial Analyst to play a key role in building and expanding our actuarial reporting and analytics function. Reporting directly to the Vice President of Actuarial Services, this is a unique opportunity to gain exposure across the full spectrum of actuarial work while helping shape a growing healthcare organization that is transforming care for individuals with substance use disorder (SUD).

This position is ideal for a candidate actively pursuing their ASA or FSA designation and looking for meaningful experience beyond traditional actuarial roles. You'll work on high-impact initiatives including healthcare cost modeling, reserve development, pricing strategy, trend analysis, program savings evaluation, and IBNR reporting. Rather than being confined to a narrow specialty, you'll develop a broad actuarial foundation while partnering with leaders across finance, operations, population health, and executive leadership.

If you're looking for a role where your analysis directly influences business decisions, healthcare outcomes, and organizational growth, we'd love to meet you.

Why Wayspring?

We are passionate about breaking barriers alongside those facing substance use disorder. Whether you’re in the field or in the corporate office – our mission is felt, and your impact is recognized. There is no inner circle, and we all have a seat at the table. Leaders are accessible and silos are avoided. We respect your craft and love to be challenged. We invest not only in our mission, but in each other. Internal promotions and cross departmental training are the norm – you grow, we grow.

Responsibilities of the Actuarial Analyst

• Monitors, modifies, and identifies abnormalities in eligibility and claims data sets.
• Develops basic understanding of the actuarial related concepts and requirements and relevant business processes needed.
• Assists in development of spreadsheet and/or database tools used to manage, analyze, and report data.
• Ensures work is accurate and efficient using existing procedures, documents analysis and processes.
• Gathers, prepares, and presents data and review for reasonableness.
• Generates reports through excel, conducts reasonableness checks and offers insights for manager to review.
• With oversight, creates, maintains, and enhances calculation spreadsheets used to validate or supplement actuarial-related or system-generated values.
• Utilizes spreadsheets, accountable for detailed and complex manual calculations to provide actuarial, product and/or policy support to other departments.
• With oversight, automates departmental processes to improve efficiency and accuracy as assigned.
• Assists with special projects and/or initiatives as required.
• Works with the manager to effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities. Complete projects on time and with high standards and accuracy.
• Seeks to understand the “why” behind an analysis and generates ideas outside of specific request.
• Develops and maintains effective business relationships with both internal and external stakeholders.
• Supports trend analysis and pricing activities across all market segments in which Wayspring participates.
• Administers cost modeling and healthcare cost profits within claims and eligibility files.
• Assists with IBNR reporting and other relevant accrual submissions.
• Supports program savings analysis and other ad hoc analytic and actuarial requests.
• Adhere to Wayspring information security and privacy requirements.

Requirements & Preferred Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field
• Passing 2+ Society of Actuaries exams required
• 2-4 Years Experience Required
• Some programming experience, SQL knowledge a plus
• Microsoft Excel experience is required
• Strong analytical skills
• Strong communication skills

Company and Benefit Summary

Wayspring has reimagined substance use disorder treatment. We provide individualized care, delivered with a peer-centered approach. We focus on making sure patients have their basic needs met, like access to care, economic stability, and connection to relationships and community. Then we help each person find their own way to wellness.

• Medical, Dental and Vision Insurance Options
• Company funded HSA
• Monthly Gym Allowance
• Paid parental leave – all parents included!
• Company paid short term disability, long term disability and life insurance.
• Generous 401k match
• Premium Employee Assistance Program, inclusive of counseling sessions
• Company Contributions to Future Minded Savings (think 529, HSA, Student Loan Reimbursement, and Emergency savings fund)
• Generous PTO package (accrual policy based on years of service) and an additional 10 paid company holidays.