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Actuarial Analyst

Company: ABCS, Inc.
Location: Phoenix
Posted on: January 16, 2022

Job Description:

Direct hire roles - 2 roles open--100% remote$90k to $125k base salary DOEAnnual Bonus and relocation assistance is available--Certified Actuarial Analyst is preferred----CORPORATE RESPONSIBILITIESComply with corporate and departmental policies and procedures, including, but not limited to Code Blue, Compliance, HIPAA, Computer Responsibility, Accreditation Standards, Attendance, Staff Qualifications and Quality Management Accountabilities.--Here is the job description:Job Title: Actuarial Analyst (All Level)Job Location: Phoenix, AZ (Remote till COVID)Job Type: Fulltime/Direct Hire--JOB LEVELS:Actuarial Analyst I - III Lead Actuarial Analyst I-II Senior Actuarial Analyst I-V --PURPOSE OF THE JOBPerforms advanced analytics to facilitate fact-based decision-making regarding price development of products and various benefit options to ensure attainment of profit targets.--QUALIFICATIONREQUIRED EDUCATION------------------Bachelor Degree in actuarial science, business, mathematics, statistics, economics or related field of study--PREFERRED QUALIFICATIONS

  • Preferred Work Experience
  • 5 years of experience working for a healthcare organization / health insurer (Applies to All Levels)
  • 5 years of experience in an actuarial field (Applies to All Levels)
  • Preferred Education
  • Bachelor's Degree in business, mathematics, statistics, or related field of study (Applies to All Levels)
  • Preferred Certifications
  • Associate, Society of Actuaries (ASA) (Applies to All Levels)
  • Member of the American Academy of Actuaries (MAAA) (Applies to All Levels)--ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIESACTUARIAL ANALYST I-III / ASSOCIATE ACTUARY I-III
    • Under general supervision, determine adequate and competitive premium levels for Individual, Commercial and Government products
    • Under general supervision, prepare and submit rate filings to Federal and State authorities
    • Under general supervision, analyze benefit changes, prepare competitive analysis and summarize results
    • Under general supervision, complete financial forecast scenario modeling to evaluate and ensure profitable business segments
    • Under general supervision, prepare impact analysis for benefit changes, develop pricing factors to ensure adequate premium coverage for each product line
    • Develop sensitivity testing analysis and summarize results to management
    • Display knowledge of Individual, Commercial and Government products, pricing, and forecasting
    • Display initiative in research beyond the specific assignment
    • Meaningfully contribute to the area's workload, considering volume and complexity--LEAD ACTUARIAL ANALYST I-II / LEAD ASSOCIATE ACTUARY I-II
      • Manage workload with minimal supervisory instructions, limited project management assistance, and limited review of results, beyond pre-release peer review.
      • Provide support to business partners (general managers) in pricing, product and market analysis with minimal supervision
      • Display initiative in research beyond the specific assignment
      • Communicate (both verbally and in writing) and interprets results, recommendations and abstract concepts to internal and external customers. Anticipate and address possible customer questions and concerns.
      • Prepare, submit and or present recommendations to the Actuarial department's management team on financial analysis.
      • Pursue expansion of current knowledge and skills.
      • Meaningfully contribute to the area's workload, considering volume and complexity.
      • Train other analysts and provide peer review.--SENIOR ACTUARIAL ANALYST I-IV / SENIOR ASSOCIATE ACTUARY I-IV
        • Report to a manager who provides minimal supervisory instructions, limited project management, and minimal or limited review of results, beyond pre-release peer review.
        • Along with research, create analyses and recommendations that will allow to meet its goals
        • Plan and lead complex projects from inception to completion. Includes working independently on creating timelines, working with other areas to define deliverables, monitoring progress, implementing the project and resolving/monitoring post-implementation issues.
        • Communicate (both verbally and in writing) and interprets results, recommendations and abstract concepts to internal and external customers. Anticipate and addresses possible customer questions and concerns.
        • Incorporate strategic planning in all areas of responsibility.
        • Train and mentor other analysts and provide peer review.--ALL LEVELS
          • Each progressive level includes the ability to perform the essential functions of any lower levels and train employees in those levels.
          • The position requires a full-time work schedule. Full-time is defined as working at least 40 hours per week, plus any additional hours as requested or as needed to meet business requirements.
          • Perform all other duties as assigned--COMPETENCIESREQUIRED COMPETENCIESRequired Job Skills (Applies to All Levels)
            • Advanced skill in mathematics and statistics
            • Intermediate to advanced proficiency in spreadsheet, word processing and presentation software
            • Basic proficiency in data warehouse querying tools, and programming.--Required Professional Competencies (Applies to All Levels)
              • Analytical knowledge necessary to generate reports, actuarial analyses, and mathematical models based on available data and then make sound decisions based on reported data
              • Ability to solve problems independently and draw accurate conclusions from limited data using basic mathematical modeling and actuarial techniques.
              • Ability to deal with ambiguity and make recommendations with less than complete or conflicting information while maintaining appropriate time management.
              • Ability to maintain confidentiality and privacy
              • Ability to communicate effectively, both orally and in writing, to all levels in all departments.
              • Ability to summarize technical information to a non-technical audience.
              • Ability to build and maintain productive working relationships with others.--PREFERRED COMPETENCIESPreferred Job Skills
                • Advanced proficiency in spreadsheet, word processing and presentation software
                • Intermediate proficiency with data warehouses and query tools / design
                • Project management skill needed to create timelines, track deliverables and task progress, resolve issues, and communicate project status

Keywords: ABCS, Inc., Phoenix , Actuarial Analyst, Professions , Phoenix, Arizona

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