Actuarial Analyst IV Medicare Part D

Job Summary

This role will build and maintain the Part D pricing model, develop Part D bid assumptions, and support analyses to drive strategic decision making. The individual contributor is primarily responsible for researching and determining the likelihood of financial risk to the organization, preparing and reviewing actuarial documentation for accuracy, and conducting product line evaluation, actuarial modeling, and financial risk and opportunity analyses.

Essential Responsibilities

Practices self-development and promotes learning in others by proactively providing information, resources, advice, and expertise with coworkers and customers; building relationships with cross-functional stakeholders; influencing others through technical explanations and examples; adapting to competing demands and new responsibilities; listening and responding to, seeking, and addressing performance feedback; providing feedback to others; creating and executing plans to capitalize on strengths and develop weaknesses; supporting team collaboration; and adapting to and learning from change, difficulties, and feedback.

Completes work assignments and supports business-specific projects by applying expertise in subject area; developing work plans to meet priorities and deadlines; ensuring the team follows all procedures and policies; coordinating resources to accomplish priorities and deadlines; collaborating cross-functionally to make effective business decisions; solving complex problems; escalating high-priority issues or risks; and recognizing and capitalizing on improvement opportunities.

Develops and designs actuarial documentation by completing the actuarial portion of financial reports and tax returns; and responses to insurance regulations.

Participates in product line evaluations by conducting and interpreting analysis of product line financials, pricing, reserve, valuation, cash flow analysis; and analyzing and interpreting product line performance, risk, and assumptions used in product development.

Utilizes actuarial research by implementing non-complex developments standards, assumptions, and the legal and regulatory environment.

Assesses, analyzes and interprets financial risks and opportunities by applying advanced actuarial methods; and conducting actuarial analyses.

Collaborates with business partners by translating mathematical constructs into actionable recommendations; and complying with the Actuarial Standards of Practice.

Develops and designs advanced actuarial models; assists with the development of alternative assumptions and forecasts using in-house models or actuarial software; and validates the results.

Knowledge, Skills and Abilities : (Core)

Ambiguity / Uncertainty Management

Attention to Detail

Business Knowledge

Communication

Critical Thinking

Cross-Group Collaboration

Decision Making

Dependability

Diversity, Equity, and Inclusion Support

Drives Results

Facilitation Skills

Health Care Industry

Influencing Others

Integrity

Learning Agility

Organizational Savvy

Problem Solving

Short- and Long-term Learning & Recall

Teamwork

Topic-Specific Communication

Knowledge, Skills and Abilities : (Functional)

Analytical Skills

Client Focus

Debugging and Troubleshooting

Demonstrating Personal Flexibility

Economics

Getting Work Done Through Others

Initiative

Maintain Files and Records

Managing Diverse Relationships

Mathematics

Organizational Skills

Project Management

Statistical Programming Language

Stress Tolerance

Trust

Minimum Qualifications

Bachelors degree in mathematics or related field AND minimum six (6) years actuarial experience. Additional equivalent work experience in a directly related field may be substituted for the degree requirement.

Associate of the Society of Actuaries Certificate OR Associate of the Casualty Actuarial Society Certificate

Preferred Qualifications

One (1) year experience in a leadership role with or without direct reports.

Five (5) years experience with databases and spreadsheets.

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