Associate Actuary - Data Science

Highmark Health; Lake Michigan Beach (MI); On-site; USD 90,000 - 150,000; Full time

Job summary

Highmark Inc. offers a senior actuarial analyst role within its Actuarial Executive Development Program. The position emphasizes progress toward actuarial credentials, development of analyses, and presentation materials to inform management decisions.

Responsibilities include guiding teams, applying advanced actuarial techniques across pricing, reserve analyses, and efficiency initiatives, while mentoring staff and developing new processes.

Qualifications

• Bachelor's Degree or its equivalent in Actuarial Science, Mathematics, Statistics or closely related discipline.
• Master's degree preferred in Actuarial Science/Mathematics/Statistics or closely related field.

Responsibilities

• Define and diagnose a problem; outline data requirements and devise potential solutions.
• Create studies, analyses, and presentation materials to inform decision makers and recommend actions.
• Mentor less experienced staff and provide decision support across teams.

Skills

Actuarial principles

Leadership

Analytical skills

Oral & Written communication

Problem-solving

Education

Bachelor's Degree in Actuarial Science/Math/Stats

Master's Degree (preferred)

Job description

Company : Highmark Inc. Job Description :

JOB SUMMARY

This job is a senior level actuarial analyst position. Participates in Highmark's Actuarial Executive Development Program and is expected to make continued progress towards actuarial credential. Utilizes experience and industry knowledge to define & diagnose a problem, outline data requirements for a study or analysis, and devise potential solutions. Guides and mentors less experienced staff and provides decision support to team members while initiating and leading the development of actuarial studies, analyses, and presentation materials needed to appropriately inform decision makers and making appropriate recommendations to management. Will work to develop efficient processes and will apply actuarial techniques and statistical analysis to several functions which may include insurance premium and pricing development, claim trend analysis, experience studies, medical economics, profitability analysis, wellness studies, predictive modeling, provider efficiency, provider contracting analysis or claim reserving.

ESSENTIAL RESPONSIBILITIES

Define & diagnose a problem. Outline data requirements for a study or analysis and devise potential solutions. Review the appropriateness of the results in light of experience and industry knowledge. Consider alternate explanations or viewpoints before drawing conclusions.

Create studies, analyses, and presentation materials needed to appropriately inform decision makers. Make appropriate recommendations to management across teams within the actuarial department.

Proactively ensure the internal and external consistency of all work. Use industry knowledge to perform reasonability checks as well as exceed customer expectations. Identify methods to test whether suspect results are correct.

Take the initiative to utilize internal and external knowledge forums to gain broader industry perspective. Demonstrate subject matter expertise, and as a result is sought out by others for technical input on producing accurate and efficient work. Promptly and efficiently identify outliers and anomalies in the work of others. Seek continual feedback from manager and others in order to advance personal development and career goals.

Understand the environment, goals, and objectives of the incumbent's own position, their team, and all internal customers. Use experience and industry knowledge to envision and implement new processes and propose changes to existing processes, leading to improved outcomes that better conform to corporate goals, objectives, and values. Demonstrate a capacity to shift between "big picture" and "detailed" thinking when analyzing issues and their strategic importance.

Independently manage own time and resources across many projects. Demonstrate responsiveness, flexibility, and ability to independently prioritize when shifting from one task to another. Comfortable in a dynamic, changing environment. Approach new challenges with anticipation and a view towards success. Carry out recurring projects with minimal assistance and oversight. Keep manager informed.

Interact with stakeholders in a manner that fosters cooperation and teamwork while conveying engagement and competence. Enhance department influence by providing responsive service and understanding customer needs. Effectively explain technical work to both technical and non-technical people and provide decision support to team members. Correctly interpret direct and indirect messages and verbal and non-verbal behaviors and respond appropriately.

Guide and mentor less experienced staff on a regular basis in a manner that fosters teamwork and excellence. Listen, take direction, accept criticism and feedback and adjust behavior accordingly to improve performance. Demonstrate flexibility and proactively take on additional work as needed by the team, leading by example.

Other duties as assigned or requested.

EDUCATION

• Required: Bachelor's Degree or its equivalent in Actuarial Science, Mathematics, Statistics or closely related discipline
• Substitution: None
• Preferred: Master's Degree or its equivalent in Actuarial Science, Mathematics, Statistics or closely related discipline

EXPERIENCE

• Required: 3 years experience in an Actuarial role
• Required: 6 Exam Components
• Preferred: 10 or more Exam Components

LICENSES AND CERTIFICATIONS

• Required: None
• Preferred: None

SKILLS

• Possesses and applies an in-depth knowledge of actuarial principles, concepts, practices and processes within multiple fields or disciplines
• Possesses significant expertise to complete complex assignments and ability to visualize, articulate, and solve complex problems while leading others to complete straightforward assignments
• Analytical Skills
• Oral & Written Communication Skills
• Problem-Solving

Language (Other than English):

None

Travel Requirement:

0% - 25%

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office-based

Teaches / trains others regularly

Frequently

Travel regularly from the office to various work sites or from site-to-site

Rarely

Works primarily out-of-the office selling products/services (sales employees)

Never