Actuarial Analyst IV Medicare Part D

Actuarial Analyst IV Medicare Part D

This role will build and maintain the Part D pricing model, develops Part D bid assumptions, and supports analyses to drive strategic decision making. 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 include:

• 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; supporting the development of work plans to meet business priorities and deadlines; ensuring 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 as appropriate; 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 include:

• 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
• 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 include:

• 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 include:

• One (1) year experience in a leadership role with or without direct reports.
• Five (5) years experience with databases and spreadsheets.