Actuarial Analyst - Medicaid
About the role
Medica is a nonprofit health plan serving 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. This role provides analytical support in the areas of pricing, forecasting, reserving, and financial reporting.
Responsibilities
- Aid in the preparation of financial models, pricing structures, and reserve estimates to support business decisions
- Perform data analysis and validation using actuarial and statistical techniques
- Contribute to the development of reports, exhibits, and presentations for leadership and regulatory bodies
- Support actuarial projects related to product development, trend analysis, and risk management
- Ensure accuracy and compliance with actuarial standards, regulatory requirements, and Medica policies
- Collaborate with cross-functional teams including Finance, Underwriting, and Product Development
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
- 0-1 years of experience beyond degree
- Successful completion of 1 Society of Actuaries (SOA) exams
Preferred Qualifications
- Strong analytical, problem-solving, and critical-thinking skills
- Proficiency with Microsoft Excel; experience with SQL, SAS, R, or Python is a plus
- Excellent written and verbal communication skills
- Ability to work independently and as part of a collaborative team
Benefits
This position is an Office role, requiring an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week. The full salary grade for this position is $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. 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.
Pay
The full salary grade for this position is $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. 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.
Schedule
This position is an Office role, requiring an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or related field
- 0-1 years of experience beyond degree
- Successful completion of 1 Society of Actuaries (SOA) exams
Skills
- Strong analytical, problem-solving, and critical-thinking skills
- Proficiency with Microsoft Excel; experience with SQL, SAS, R, or Python is a plus
- Excellent written and verbal communication skills
- Ability to work independently and as part of a collaborative team
Benefits
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.
Pay
The full salary grade for this position is $70,200 - $120,400. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $70,200 - $105,315. 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.
Schedule
This position is an Office role, requiring an employee to work onsite at our Minnetonka, MN office, on average, 3 days per week.