Actuarial Associate

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.

The Actuarial Associate will 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

• Conduct and interpret actuarial analyses, valuations, and cost estimates.
• Perform rate level pricing functions and prepare monitoring reports.
• Use statistical programming and database tools for modeling and forecasting.
• Analyze historical data to identify trends and develop future projections.
• Apply actuarial principles to complex projects with moderate decision-making authority.
• Recommend new projects and work procedures to improve team or unit performance.
• Contribute to team objectives and influence functional goals through professional expertise.
• Serve as a resource to others and support cross-functional collaboration.

The successful candidate will possess strong analytical and statistical skills, demonstrate independent judgment, and have a proven ability to manage complex projects. They will be a collaborative team player who communicates effectively and contributes to continuous improvement and innovation.

Minimum Qualifications

• Bachelor’s degree or equivalent experience in a related field.
• Minimum of 5 years of work experience beyond degree.
• Associate of the Society of Actuaries (ASA) designation.

Strongly Preferred Qualifications

• Experience in healthcare or insurance actuarial work.
• Advanced proficiency in statistical programming and database tools.
• Knowledge of ACA Individual or Small Group pricing.

Skills and Abilities

• Proficiency in actuarial analysis and modeling techniques.
• Strong statistical and analytical skills.
• Ability to interpret complex data and communicate findings effectively.
• Skilled in using statistical programming and database tools.
• Capable of working independently and managing multiple priorities.
• Effective decision-making and problem-solving abilities.
• Strong collaboration and communication skills.

This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, or Madison, WI.

The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $126,900. 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.

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.