Actuarial Associate (Full-time Remote, North Carolina Based)

Acturhire; Charlotte (NC); Remote; USD 79,000 - 101,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Retirement Plan

Flexible work arrangement

Paid time off

Job summary

Acturhire seeks an Actuarial Associate in the United States for data analysis of cost, membership, capitation, rate-setting and IBNR. You’ll model with SQL and Excel to assess financial risk and develop exhibits for socialization of outcomes.

The role serves as a subject matter expert to internal/external stakeholders and partners with teams to deliver actionable insights and presentations. Travel may be required for onsite meetings.

Qualifications

• Bachelor’s Degree in Actuarial Science, Mathematics, Business, or related field from an accredited college/university.
• At least three (3) years of related experience in an actuarial capacity.
• Candidate must have passed at least 2 SOA actuarial examinations.

Responsibilities

• Risk Assessment and Modeling: evaluate information to determine potential risks and financial impact.
• PMPM Development/Monitoring: analyze actual vs budgeted PMPM rates by Service Category.
• IBNR Calculations: support development, maintenance and liability calculations.
• Value-Based Contracts: assist in assessment and reporting; financial reconciliation for risk sharing.
• Rate Setting: internal SME on State Rate developments and validate rate book assumptions.
• Documentation: create procedures to support Completion and IBNR; socialization and presentation of findings.

Skills

Training/Presentation

Verbal Communication

Written Communication

Organization

Complex Problem Solving

Time Management

Reporting

Education

Bachelor’s Degree in Actuarial Science, Mathematics, Business, or related field

Passing at least 2 SOA actuarial examinations

Tools

SQL

Microsoft Office

Job description

TheActuarial Associate will analyze and interpret data related to cost, membership, capitation, Rate-setting, Incurred But Not Reported (IBNR) and other items as needed. They will use SQL/excel etc. to model data and assess financial risk and help develop exhibits to assist in the socialization of financial outcomes.

The Actuarial Associate will also serve as a subject matter expert to internal and external stakeholders and partner with teams to produce actionable insights.

This position is full-time remote. Some travel for onsite meetings to the Home office may be required for meetings.

Responsibilities & Duties

Risk Assessment and Modeling

• Evaluate information to determine the potential risks of certain events and their financial impact on the organization
• PMPM Development / Monitoring - Analyze actual vs budgeted PMPM rates by Category of Service and evaluate the causes of healthcare expense patterns

IBNR Calculations

• Support the development, maintenance, and preparation of IBNR models, lag schedules and liability calculations
• Adjust and refine IBNR models based on changes in the organization, the environment, or additional risks that may arise

Value-Based Contracts

• Assist in the development of Value Based Contract assessment and reporting
• Undertake financial reconciliation for risk sharing agreements
• Evaluate feasibility / opportunity for ‘New’ VBC arrangements

Rate Setting

• Become an internal SME on State Rate developments
• Analyze the rate book provided by the state to validate assumptions

Documentation and Process

• Assist the Actuarial Function in the creation of documented procedures to support Completion and IBNR

Socialization and Presentation

• Present and communicate complex statistical and mathematical information to others
• Develop and present strategies and solutions that manage risk and costs

Minimum Requirements

Education & Experience

Required:

Bachelor’s Degree in Actuarial Science, Mathematics, Business, or related field from an accredited college/university and at least three (3) or more years of related experience in an Actuarial capacity

Candidate applying for this job is required to have passed at least 2 Society of Actuary (SOA) Actuarial Examinations

Preferred:

Experience with Financial Close Processes is preferred

Experience supporting Health Plan is preferred

Knowledge, Skills, & Abilities

• Training/Presentation
• Microsoft Office Package
• Communication- Verbal
• Organization
• Complex Problem Solving
• Time Management; Prioritization
• Written Communication; Reporting
• SQL

Employment for this position is contingent upon a satisfactory background and credit check, which will be performed after acceptance of an offer of employment and prior to the employee's start date.

Salary Range

$79,425-$101,267/Annually

Exact compensation will be determined based on the candidate's education, experience, external market data and consideration of internal equity.

An excellent fringe benefit package accompanies the salary, which includes:

• Medical, Dental, Vision, Life, Long Term Disability
• Generous retirement savings plan
• Flexible work schedules including hybrid/remote options
• Paid time off including vacation, sick leave, holiday, management leave
• Dress flexibility