Benefits Analytics & Forecasting Consultant

Jobtailor; Iowa (LA); On-site; USD 70,000 - 120,000; Full time

Job summary

Jobtailor seeks an actuarial professional to analyze medical and pharmacy utilization, costs, and plan design impacts. The role includes advising on plan contributions, delivering both in-person and virtual consultations, and preparing claim projections and trend analyses for large clients.

Responsibilities extend to tracking claims, renewing benefits, collaborating with underwriters, and building modeling tools to support decision-making with data confidentiality upheld.

Qualifications

• Bachelor's degree in mathematics, statistics, economics or a similar field.
• In process of obtaining ASA designation.
• Exceptional analytical ability demonstrated through coursework and experience.
• Ability to form productive working relationships with team members, decision makers, and insurance carrier personnel.
• Energetic and self-directed, with strong commitment, motivation, work ethic, initiative, and follow-through.
• Adaptable and able to change priorities and multitask regularly to meet deadlines.
• Experience implementing new processes to improve company efficiency and effectiveness.
• Ability to maintain strict confidentiality regarding client and company data and information.
• ASA designation is a plus, but not required.
• Insurance license required within 6 months of hire.

Responsibilities

• Analyze utilization and unit cost drivers of medical and pharmacy expenses.
• Develop recommendations related to plan designs, contributions, and types of care and providers.
• Provide in-person and virtual consultation to clients regarding employee benefits program strategies.
• Prepare claim projections and trend analyses for larger clients.
• Track claims, update forecasts, and compare funding mechanisms.
• Review and/or prepare annual benefit plan renewals.
• Interact with insurance carrier underwriting and actuarial personnel regarding ratings and premiums.
• Develop modeling tools and spreadsheets for benefit-plan decision-making.
• Develop models to predict IBNR reserve patterns with greater accuracy and reduced variance.
• Assist with integrating data analytics for disability, life, and other benefits.
• Act as an analytical resource for team members.

Skills

Utilization Analysis

Cost Driver Analysis

Claim Projections

Trend Analysis

Modeling Tools Development

IBNR Reserve Prediction

Forecast Updating

Benefit Plan Design

Education

Bachelor's degree in Mathematics

ASA designation in progress

Actuarial exam completion

Insurance license

Tools

Spreadsheets

Job description

Jobtailor seeks an actuarial professional to analyze medical and pharmacy utilization, costs, and plan design impacts. The role includes advising on plan contributions, delivering both in-person and virtual consultations, and preparing claim projections and trend analyses for large clients.

Responsibilities extend to tracking claims, renewing benefits, collaborating with underwriters, and building modeling tools to support decision-making with data confidentiality upheld.