Senior Actuarial Analyst / Associate Actuary

Texicare; Minnesota; Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health insurance

401k with match

Paid time off

Job summary

Texicare, a mission-driven health affiliate, is seeking a Senior Actuarial Analyst or Associate Actuary to apply actuarial and analytical expertise across pricing, reserving, forecasting, and financial planning. You will develop models, analyze claims data, and translate findings into actionable insights, partnering with Finance, Product, Provider Network, and Compliance to drive informed decisions.

Ideal candidates have a bachelor’s degree, 2+ years actuary experience, four SOA exams, and

Qualifications

• Bachelor’s degree or equivalent education/experience.
• Minimum of two (2) years actuarial experience.
• Successful completion of at least four (4) SOA examinations.
• Experience with health insurance actuarial analyses and financial planning.
• Experience with actuarial models and large healthcare/financial datasets.
• Proficiency in Excel; SQL or analytical tools.
• Strong communication and collaboration across functions.

Responsibilities

• Perform complex actuarial analyses to support pricing, reserving, forecasting, provider reimbursement, product development, risk adjustment, and financial planning.
• Develop, maintain, and enhance actuarial models and projections using claims, medical cost trends, utilization, and beneficiary data.
• Translate analyses into actionable insights and recommendations for business decisions.
• Collaborate with Finance, Product, Clinical, Provider Network, Compliance, and Underwriting teams.
• Communicate findings clearly to technical and non-technical audiences.
• Improve methodologies and automate processes to increase accuracy and efficiency.

Skills

Actuarial analysis

SOA exams

Excel

SQL

Data analysis

Communication

Project management

Independent work

Large datasets

Automation tools

Education

Bachelor’s degree

Tools

VBA

Python

R

SAS

Power BI

Tableau

Job description

About Texicare

Founded in 2023 as a mission-driven health affiliate of Texas Mutual, Texicare was created by a group of seasoned healthcare professionals, and is headquartered in Austin, Texas.

Founded in 2023 as a mission-driven health affiliate of Texas Mutual, Texicare was created by a group of seasoned healthcare professionals, and is headquartered in Austin, Texas.

Texicare is committed to changing the healthcare landscape by providing small businesses with innovative solutions that increase access to easy-to-use, more affordable, quality health care for Texans and their families. Texicare’s vision is to transform the healthcare ecosystem for the better, helping to create a healthier and happier Texas. Our healthcare plans were designed to be used, to remove barriers to care, to truly make a difference in people’s lives.

We’re looking for passionate, mission-driven individuals to join us in creating a healthier and happier Texas.

Position Summary

This position may be filled as either a Senior Actuarial Analyst or Associate Actuary based on the selected candidate’s experience, SOA credentialing progress, technical expertise, and demonstrated scope of responsibility. In this role, you’ll apply actuarial and analytical expertise to evaluate healthcare and financial performance and support decisions across pricing, reserving, forecasting, provider reimbursement, product development, risk adjustment, and financial planning. You’ll develop actuarial models and projections, analyze complex healthcare data, and translate findings into meaningful insights and recommendations that help the business understand financial performance, evaluate risk, and make informed decisions. You’ll partner with leaders across Finance, Product, Clinical, Provider Network, Compliance, Underwriting, and other areas of the business. At the Senior Actuarial Analyst level, you’ll drive assigned analyses and develop actionable recommendations and insights. At the Associate Actuary level, you’ll take broader ownership of actuarial analyses and workstreams while serving as a growing technical authority and trusted actuarial resource to the business.

Essential Job Functions

In this role, you will:

• Perform complex actuarial analyses supporting pricing, reserving, forecasting, provider reimbursement, product development, risk adjustment, and financial planning to evaluate performance, quantify risk, and support business decisions.
• Develop, maintain, and enhance actuarial models and financial projections by analyzing claims experience, medical cost trends, utilization, membership, benefit changes, provider reimbursement, and other drivers of health plan performance.
• Translate actuarial analyses into actionable insights and recommendations by evaluating assumptions, alternative scenarios, financial impacts, emerging trends, and business risks.
• Partner with Finance, Product, Clinical, Provider Network, Compliance, Underwriting, and other stakeholders to evaluate business initiatives and provide actuarial expertise that supports operational and financial decision-making.
• Communicate actuarial findings and recommendations to business partners, clearly explaining methodologies, assumptions, financial implications, risks, and potential courses of action.
• Improve actuarial methodologies, models, reporting, and analytical processes through automation, enhanced tools, and process improvements that increase accuracy, efficiency, and decision-making capabilities.

To Be Successful In This Role, You Must Have

• A bachelor’s degree or any equivalent combination of education, training, and experience.
• Minimum of two (2) years of actuarial experience.
• Successful completion of at least four (4) Society of Actuaries (SOA) examinations.
• Experience performing actuarial analyses within health insurance, managed care, healthcare consulting, or a related environment.
• Experience with one or more actuarial functions such as pricing, reserving, forecasting, medical cost analysis, provider reimbursement, risk adjustment, product development, or financial planning.
• Experience developing, maintaining, and validating actuarial models and working with large and complex healthcare or financial datasets.
• Strong analytical and problem-solving skills with demonstrated ability to interpret results, identify meaningful trends, and develop insights or recommendations.
• Advanced proficiency with Microsoft Excel and experience with SQL and/or analytical tools or programming languages used to analyze large datasets.
• Strong written and verbal communication skills with the ability to explain analytical findings and financial implications to technical and non-technical audiences.
• Ability to independently manage assigned work, balance multiple priorities, and collaborate effectively across functional areas.

It Would Be Great If You Have

• Experience with commercial health insurance, ACA Marketplace products, employer-sponsored coverage, or other health plan products.
• Experience with medical cost trend analysis, provider contracting or reimbursement, risk adjustment, benefit design, or healthcare financial forecasting.
• Experience with analytical programming or data visualization tools such as VBA, Python, R, SAS, Power BI, Tableau, or similar technologies.
• Experience with commercial health insurance rating, rate manuals, and rate algorithm tools like Optum StepWise.

Benefits

• Automatic 4% employer contribution to retirement plan
• 401k plan with 100% match up to 6%
• Flexible time off for vacation, illness, etc.
• Nine paid holidays
• Day one health, Rx, vision, and dental insurance
• Life and disability insurance
• Flexible spending account
• Pet coverage and pet Rx discounts
• Free identity theft protection
• Free 2nd medical opinion service

Location

Texicare offers a flexible work environment centered on collaboration and connection. This position is open to candidates residing in Wisconsin, Minnesota, Colorado, or Texas. Team members living in the greater Austin area are expected to work from our Austin office at least two days per week. Those located outside the greater Austin area may work remotely, with occasional travel to Austin as needed.

Texicare is an equal opportunity employer.