Actuarial Analyst II
Provide actuarial services to develop best-practice actuarial models and promote implementation Program-wide. Maintain accountability for the development of the organization's rate structure, maintenance of adequate reserves, and development of new products. Provide data/analytic expertise to support actuarial services including financial reporting, trend analysis, utilization studies, rate development and claims liability estimates.
Essential Functions:
- Examines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis.
- Develops and enhances procedures including review for actuarial soundness.
- Analyzes completed work for reasonableness and accuracy, and may recommend specific course of action.
- Supports the performance of in-depth, high level analyses on selected divisional and national research projects.
- Provides technical assistance to Program staff in the planning, execution, and analysis of actuarial studies.
Basic Qualifications:
Experience
- Bachelor's degree with two (2) years of related experience with minimum two (2) exams.
Education
- Bachelor's degree in mathematics, statistics, computer science or similar background.
License, Certification, Registration
- N/A
Additional Requirements:
- Intermediate level of quantitative skills including understanding of probability, sampling, and descriptive and inferential statistics.
- Excellent analytic and problem-solving skills.
- Working knowledge of primary research methods.
- Some knowledge of data analysis software.
- General application of actuarial concepts and principles.
- Full use and application of standard marketing principles, theories, concepts, and techniques.
- Must be able to work in a Labor/Management Partnership environment.
Preferred Qualifications:
- Three (3) years of related experience with three (3) exams.
- Knowledge of health care industry dynamics and trends preferred.