Actuarial Analyst I

Job Summary :

The Actuarial Analyst I is responsible for providing timely, accurate, and actionable data and analysis supporting the department, area, and corporate key initiatives.

Essential Functions :

Develops actionable recommendations to management relative to all analysis

Calculates profitability reports on appropriate business segments

Performs regular and ad-hoc analysis to identify opportunities to improve efficiency and affordability

Performs regular and ad-hoc analysis / studies to evaluate assumptions used in other processes

Participates in cross functional teams to address key issues facing the organization

Prepares monthly calculation of the company's IBNR reserves

Evaluates government reimbursement process to determine areas of risk and opportunity

Participates in initiatives to improve operating results

Initiates key analysis to improve overall MLR results

Performs other duties as assigned

Education and Experience :

Bachelor's degree in actuarial science, mathematics, economics or a related field is required

Strong database (SAS or Access) experience is preferred

Managed Care or healthcare experience is preferred

Competencies, Knowledge and Skills :

Intermediate interpersonal / verbal communication skills and a high level of professionalism

Intermediate written communication skills

Intermediate ability to work independently and within a team environment

Intermediate ability to work in fast paced environment with changing priorities

Intermediate ability to remain calm under pressure

Intermediate proficiency level with Microsoft Excel

Intermediate proficiency with Microsoft Suite to include, Word, Power Point and Outlook

Basic ability to effectively present information and respond to questions from peers and management

Basic ability to analyze and interpret financial data in order to coordinate the preparation of financial records

Basic knowledge of SQL, SAS, R, or other data manipulation software

Effective problem-solving skills with attention to detail

Effective listening and critical thinking skills

Licensure and Certification :

A minimum of one exam passed under the Society of Actuaries Exam Syllabus is required; exam SRM via transition credit does not meet this requirement

Active pursuit of an actuarial designation (ASA) is required

Working Conditions :

General office environment; may be required to sit or stand for extended periods of time

Compensation Range :

$61,500.00 - $98,400.00 CareSource takes into consideration a combination of a candidate's education, training, and experience as well as the position's scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee's total well-being and offer a substantial and comprehensive total rewards package.

Compensation Type : Salary

Competencies :

• Fostering a Collaborative Workplace Culture
• Cultivate Partnerships
• Develop Self and Others
• Drive Execution
• Influence Others
• Pursue Personal Excellence
• Understand the Business

This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an environment of belonging that welcomes and supports individuals of all backgrounds.

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