Assoc. Actuary, Analytics/Forecast

Humana Inc; Kentucky; Hybrid; USD 107,000 - 147,000; Full time

Benefits offered by this job

Medical, dental & vision benefits

401(k) retirement savings

Paid time off

Paid holidays

Parental leave

Disability insurance

Life insurance

Job summary

Humana Inc. is seeking an Associate Actuary, Analytics/Forecasting to analyze financial, economic, and market data and to forecast Humana's short-, medium-, and long-term position.

The role uses Databricks to build NPV models for Medicare Supplement, Dental & Vision, and Medicaid, partnering with cross-functional teams to improve model performance. The ideal candidate holds an ASA designation, is MA AA member, and meets APDP eligibility.

Qualifications

• Bachelor's Degree required.
• ASA designation required.
• MAAA membership required.
• Meets APDP eligibility.
• Strong written and verbal communication skills.
• Sponsorship not available for this role.

Responsibilities

• Analyze financial, economic, and market data to forecast organizational performance.
• Develop and maintain analytics and forecasting models for BI support.
• Work in Databricks to build Net Present Value models for Medicare, Dental & Vision, and Medicaid.
• Ensure data integrity with processes and controls over data flow.
• Collaborate with cross-functional partners to resolve model issues and improve outcomes.
• Independently manage moderately to complex assignments and influence strategy.

Skills

Strong communication

Data analysis

Education

Bachelor's Degree

Tools

SQL

SAS

Python

Oracle

Job description

Associate Actuary, Analytics/Forecasting

Become a part of our caring community The Associate Actuary, Analytics/Forecasting analyzes and forecasts financial, economic, and other data to provide accurate and timely information for strategic and operational decisions. Establishes metrics, provides data analyses, and works directly to support business intelligence. Evaluates industry, economic, financial, and market trends to forecast the organization's short, medium and long-term financial and competitive position. The Associate Actuary, Analytics/Forecasting work assignments involve moderately complex to complex issues where the analysis of situations or data requires an in-depth evaluation of variable factors. The Associate Actuary, Analytics/Forecasting ensures data integrity by developing and executing necessary processes and controls around the flow of data. Collaborates with stakeholders to understand business needs/issues, troubleshoots problems, conducts root cause analysis, and develops cost effective resolutions for data anomalies. Begins to influence department’s strategy. Makes decisions on moderately complex to complex issues regarding technical approach for project components, and work is performed without direction. Exercises considerable latitude in determining objectives and approaches to assignments. The Associate Actuary will work primarily in Databricks to support the development of three new Net Present Valuation models for Medicare Supplement, Dental & Vision, and Medicaid. The role will assist with building and enhancing models, collaborating with cross-functional partners, identifying model issues, and proposing practical solutions to improve model performance and accuracy.

Responsibilities

• Analyze financial, economic, and market data to support forecasting and business decisions
• Develop and maintain metrics, reporting, and analytical models to support business intelligence
• Evaluate industry, economic, financial, and competitive trends affecting organizational performance
• Build, enhance, and support actuarial and forecasting models used in financial analysis
• Work primarily in Databricks to develop Net Present Valuation (NPV) models for Medicare Supplement, Dental & Vision, and Medicaid
• Ensure data integrity by establishing and executing processes and controls around data flow and quality
• Investigate data anomalies, perform root cause analysis, and implement practical, cost-effective solutions
• Collaborate with cross-functional partners to understand business needs, resolve model issues, and improve outcomes
• Identify opportunities to improve model performance, accuracy, and efficiency
• Independently manage moderately complex to complex assignments and determine appropriate technical approaches
• Contribute analytical insight that helps influence departmental strategy and forecasting practices

Required Qualifications

• Bachelor's Degree
• Associate of Society of Actuaries (ASA) designation
• Meets eligibility requirements for Humana's Actuarial Professional Development Program (APDP)
• Member of the American Academy of Actuaries (MAAA)
• Strong written and verbal professional communication skills
• Must be passionate about contributing to an organization focused on continuously improving consumer experiences
• Sponsorship is not available for this role

Preferred Qualifications

• Advanced experience using SQL or SAS to analyze, manage and interpret complex data sets and models
• Strong model building skills
• Familiarity with Python or Oracle
• Use your skills to make an impact

Reporting Relationship: This position reports directly to the Actuary, Analytics/Forecasting

Work Hours: Typical business hours are Monday-Friday, 8am-5pm some flexibility might be possible, depending on business needs.

Work at Home Requirements

To ensure Home or Hybrid Home/Office employees’ ability to work effectively, the self-provided internet service of Home or Hybrid Home/Office employees must meet the following criteria: At minimum, a download speed of 25 Mbps and an upload speed of 10 Mbps is required; wireless, wired cable or DSL connection is suggested. In certain roles, the minimum recommended internet speed required by Humana may not be sufficient for business needs. Humana reserves the right to require associates to upgrade their internet service if necessary. Work from a dedicated space lacking ongoing interruptions to protect member PHI / HIPAA information.

Travel

While this is a remote position, occasional travel to Humana's offices for training or meetings may be required.

Scheduled Weekly Hours 40 Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc. $106,900 - $147,000 per year This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.

About us

About Humana: Humana Inc. (NYSE: HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer atHumana.comand atCenterWell.com.

Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.