Senior Actuarial Analyst

Highmark Health; Pennsylvania; Hybrid; USD 73,000 - 117,000; Full time

Job summary

Highmark Health is seeking a mid-level actuarial analyst to participate in the Actuarial Executive Development Program and advance toward actuarial credentials while applying techniques to pricing, experience studies, predictive modeling, and more.

The role emphasizes developing efficient data queries, collaborating with stakeholders, and producing analyses and materials for decision-makers in a dynamic environment.

Qualifications

• Bachelor's degree required in actuarial science or related field.
• At least 2 years actuarial experience.
• Actuarial exams: 4 components preferred, 6+ components desirable.

Responsibilities

• Develop data queries for actuarial analysis with minimal oversight.
• Create studies, analyses, and presentation materials for decision makers.
• Collaborate with stakeholders to ensure quality and relevance of actuarial work.

Skills

Actuarial principles

Analytical skills

Communication

Problem solving

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics or closely related field

Job description

Company : Highmark Inc. Job Description : Job Description

JOB SUMMARY

This job is a mid-level actuarial analyst position. Participate in Highmark’s Actuarial Executive Development Program and is expected to make continued progress towards actuarial credential and 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

• Develop efficient and transparent queries to obtain data that is appropriate to the purpose with minimal assistance and oversight.
• Consider alternate explanations or viewpoints before drawing conclusions and make appropriate recommendations to management.
• Create studies, analyses, and presentation materials needed to appropriately inform decision makers.
• Seek input and assistance as required to ensure actuarial work, analyses, and materials are appropriate and making appropriate recommendations to actuarial management.
• Proactively ensure the internal and external consistency of all work.
• Request input from others to ensure quality standards are being maintained.
• Demonstrate eagerness and curiosity with a strong desire to learn new concepts and actively develop their skills & knowledge.
• Seeks 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.
• Propose changes to existing processes, leading to improved outcomes that better conform to corporate goals, objectives, and values.
• Manage own time and resources across many projects, focusing on quality, time, scope, usefulness, and appropriateness of work.
• Demonstrate responsiveness to shift from one task to another without losing focus on current work.
• Is 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.
• Develop and maintain positive relationship with others.
• Listen, take direction, accept criticism and feedback and adjust behavior appropriately to improve performance.
• Perform assigned tasks and proactively take on additional work as needed by the team.
• Answer questions of less experienced staff and provide concise & consistent communication.
• Other duties as assigned or requested.

EDUCATION

Required Bachelor's Degree in Actuarial Science, Mathematics, Statistics or closely related field

Substitutions None

Preferred None

EXPERIENCE

Required 2 years experience in an Actuarial role

4 Exam Components Preferred 6 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 a specific field or discipline
• Possesses significant knowledge to complete assignments and begins to visualize, articulate, and solve complex problems
• 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 Physical work site required Frequently Audible Speech Constantly Hear Constantly Position self or move lower on ground, under tables/desks, etc. Never Climb Never Drive Occasionally Reach Frequently Sedentary position Frequently Move Frequently Repetitive Motion Frequently Use Hands/Fingers to Handle or Feel (beyond just data entry) Frequently Vision – Distinguish Color Frequently Vision – Far, Near, Depth Perception Frequently Move, transport, transfer – up to 10 lbs (Sedentary Work) Occasionally Move, transport, transfer – up to 20 lbs (Light Work) Occasionally Move, transport, transfer – up to 50 lbs (Medium Work) Occasionally Move, transport, transfer – excess of 50lbs (Heavy Work) Never

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job. Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies. As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Pay Range

Pay Range Minimum: $72,700.00 Pay Range Maximum: $116,600.00 Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

California Consumer Privacy Act Employees, Contractors, and Applicants Notice Highmark Health is a national, blended health organization that includes one of America’s largest Blue Cross Blue Shield insurers and a growing regional hospital and physician network. Based in Pittsburgh, Pa., Highmark Health’s 35,000 employees serve millions of customers nationwide through the nonprofit organization’s affiliated businesses, which include Highmark Inc., Allegheny Health Network, HM Insurance Group, United Concordia Dental, HM Health Solutions and HM Home & Community Services. Highmark Health’s businesses proudly serve a broad spectrum of health-related needs including health insurance, health care delivery, population health management, dental solutions, reinsurance solutions, and innovative, technology solutions.