Actuarial Analyst III - Medicare experience needed

Kaiser Permanente; Oakland (CA); On-site; USD 127,000 - 164,000; Full time

Job summary

Kaiser Permanente seeks an experienced actuarial professional to assess financial risk, model actuarial scenarios, and prepare precise actuarial documentation. The role emphasizes collaboration with business partners and adherence to standards.

The position involves evaluating product lines, pricing, reserves, and cash flows while keeping current with industry developments and regulatory requirements. Strong communication and analytical skills are essential.

Qualifications

• Bachelor's degree in mathematics or related field; four years actuarial experience or equivalent.
• ASA/ACAS certification required or in progress.

Responsibilities

• Research and determine financial risk likelihood for the organization.
• Prepare and review actuarial documentation for accuracy.
• Conduct product line evaluation, actuarial modeling, and financial risk/opp analyses.
• Collaborate with partners; translate actuarial concepts into non-technical recommendations.
• Stay updated on actuarial standards and regulatory changes.

Skills

Analytical Skills

Mathematics

Problem Solving

Communication

Teamwork

Decision Making

Learning Agility

Attention to Detail

Diversity & Inclusion Support

Cross-Group Collaboration

Integrity

Education

Bachelor's degree in mathematics or related field

ASA/ACAS certification

Tools

Databases

Spreadsheets

Statistical Programming Language

Job description

Job Summary

This individual contributor is primarily responsible for researching and determining the likelihood of financial risk to the organization, preparing and reviewing actuarial documentation for accuracy, and conducting product line evaluation, actuarial modeling, and financial risk and opportunity analyses.

Essential Responsibilities

• Pursues self-development and effective relationships with others by proactively providing resources, information, advice, and expertise with coworkers and customers; influencing others through technical explanations and examples; providing occasional mentoring to team members; listening and responding to, seeking, and addressing performance feedback; creating plans to capitalize on strengths and develop weaknesses; anticipating and responding to the needs of others; and adapting to and learning from change, difficulties, and feedback.
• Completes work assignments by applying up-to-date expertise in subject area to generate creative solutions; ensuring all procedures and policies are followed; leveraging an understanding of data, and resources to support projects or initiatives; collaborating cross-functionally to solve business problems; identifying and monitoring priorities, deadlines, and expectations; communicating progress and information; identifying, recommending, and implementing ways to address improvement opportunities; and escalating issues or risks as appropriate.
• Supports actuarial documentation by preparing and reviewing for accuracy and reasonability the actuarial portion of financial reports and tax returns; and responses to insurance regulations.
• Participates in product line evaluations by conducting analysis of product line financials, pricing, reserve, valuation , cash flow analysis; and analyzing product line performance, risk, and assumptions used in product development.
• Stays abreast of actuarial research by examining developments in standards, assumptions, competition, and the legal and regulatory environment.
• Assesses, analyzes and interprets financial risks and opportunities by applying actuarial methods; and conducting actuarial analyses.
• Supports collaborations with business partners by understanding the business needs; translating actuarial constructs into non-technical recommendations; and complying with the Actuarial Standards of Practice.
• Supports actuarial modeling by developing and enhancing actuarial models; assisting with the development of alternative assumptions and forecasts using in-house models or actuarial software; and assisting with validating the data and results.

Knowledge, Skills and Abilities: (Core)

• Ambiguity/Uncertainty Management
• Attention to Detail
• Business Knowledge
• Communication
• Critical Thinking
• Cross-Group Collaboration
• Decision Making
• Dependability
• Diversity, Equity, and Inclusion Support
• Drives Results
• Facilitation Skills
• Health Care Industry
• Influencing Others
• Integrity
• Learning Agility
• Organizational Savvy
• Problem Solving
• Short- and Long-term Learning & Recall
• Teamwork
• Topic-Specific Communication

Knowledge, Skills and Abilities: (Functional)

• Analytical Skills
• Client Focus
• Debugging and Troubleshooting
• Demonstrating Personal Flexibility
• Economics
• Initiative
• Maintain Files and Records
• Managing Diverse Relationships
• Mathematics
• Organizational Skills
• Project Management
• Statistical Programming LanguageStress Tolerance
• Technical Communication
• Trust

Minimum Qualifications

• Bachelors degree in mathematics or related field AND Minimum four (4) years actuarial experience. Additional equivalent work experience in a directly related field may be substituted for the degree requirement.
• Associate of the Casualty Actuarial Society Certificate OR Associate of the Society of Actuaries Certificate

Preferred Qualifications

• One (1) year leadership experience.
• Four (4) years experience with databases and spreadsheets.

Primary Location: California,Oakland,Ordway

Scheduled Weekly Hours: 40

Shift: Day

Workdays: Mon, Tue, Wed, Thu, Fri

Working Hours Start: 08:00 AM

Working Hours End: 05:00 PM

Job Schedule: Full-time

Job Type: Standard

Worker Location: Flexible

Employee Status: Regular

Employee Group/Union Affiliation: NUE-PO-01|NUE|Non Union Employee

Job Level: Individual Contributor

Department: Po/Ho Corp - HP PROD MGMT-Actuarial SVCS - 0308

Pay Range: $126700 - $163900 / year

Kaiser Permanente strives to offer a market competitive total rewards package and is committed to pay equity and transparency. The posted pay range is based on possible base salaries for the role and does not reflect the full value of our total rewards package. Actual base pay determined at offer will be based on labor market data, internal alignment, and a candidate's years of relevant work experience, education, certifications, skills, and geographic location.

Travel: Yes, 5 % of the Time

Work Setting: Flexible

Worker location must align with Kaiser Permanente's Authorized States policy.

Kaiser Permanente is an equal opportunity employer committed to fair, respectful, and inclusive workplaces. Applicants will be considered for employment without regard to race, religion, sex, age, national origin, disability, veteran status, or any other protected characteristic or status.