Senior Actuarial Analyst

highmarkhealth; Pennsylvania; Hybrid; USD 70,000 - 95,000; Full time

Job summary

Highmark Inc. is seeking a mid-level actuarial analyst to participate in the Actuarial Executive Development Program and advance toward actuarial credentials.

The role involves applying actuarial techniques and statistical analysis to pricing, reserve studies, profitability analyses, and predictive modeling across multiple functions. You will develop data queries, prepare analyses and materials for decision-makers, and ensure quality and consistency of all work.

Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics or closely related field.
• 2 years experience in an Actuarial role.
• 4 Exam Components (minimum)

Responsibilities

• Develop efficient and transparent queries to obtain data with minimal supervision.
• Create studies, analyses, and presentation materials to inform decision makers.
• Ensure internal and external consistency of all work.
• Demonstrate eagerness to learn and actively develop skills.
• Interact with stakeholders and explain technical work to technical and non-technical people.

Skills

Actuarial Principles

Analytical Skills

Oral & Written Communication

Problem-Solving

Education

Bachelor's Degree in Actuarial Science or 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 accordingly 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 be