Senior Actuarial Analyst - Medicaid

Socket.dev; Minnetonka (MN); On-site; USD 70,000 - 105,000; Full time

Benefits offered by this job

PTO

Holidays

401K contributions

Caregiver services

Medical, dental, vision benefits

Paid volunteer time off

Job summary

Medica, a nonprofit health plan based in Minnetonka, Minnesota, seeks an actuary/analyst to analyze and evaluate future events, build actuarial models, and perform pricing analyses for programs and products. You will collaborate with Finance, Underwriting and Product Development to deliver data-driven insights.

The role requires a Bachelor's degree, 3+ years of experience beyond degree, and actuarial exams.

Qualifications

• Bachelor's degree or equivalent experience in a related field.
• 3+ years of work experience beyond degree.
• Strong written and communication skills.

Responsibilities

• Build and maintain actuarial models to support business goals and initiatives
• Perform data analysis and validation using actuarial and statistical techniques
• Collaborate with cross-functional teams including Finance, Underwriting and Product Development
• Perform ad hoc analyses as needed

Skills

Data analysis

Communication skills

Education

Bachelor's degree in a related field

Tools

SQL

R

SAS

Python

Job description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for.

We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued.

Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned.

Key Accountabilities

• Build and maintain actuarial models to support business goals and initiatives
• Perform data analysis and validation using actuarial and statistical techniques
• Collaborate with cross-functional teams including Finance, Underwriting and Product Development
• Perform ad hoc analyses as needed

Required Qualifications

• Bachelor's degree or equivalent experience in a related field
• 3+ years of work experience beyond degree
  • Strong written and communication skills

Required Certifications/Licensure

• 3 Actuarial exams/courses

Preferred Qualifications

• Health insurance experience
• Database experience - SQL, R, SAS, Python
• Medicaid experience a plus

This position is an Office role, which requires an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.

The full salary grade for this position is $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.