Actuarial Associate

About the role

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.

Responsibilities

• 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.

Requirements

• 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.

Qualifications

• Required 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.
• Preferred Qualifications: Experience in healthcare or insurance actuarial work. Knowledge of reserving and monthly financial reporting. Advanced programming and technical skills in data mining, extraction, and analysis.

Skills

• Statistical programming and database tools.
• Rate level pricing functions.
• Data mining, extraction, and analysis.

Benefits

• Competitive medical, dental, vision, PTO, Holidays, paid volunteer time off.
• 401K contributions.
• caregiver services.

Pay

• The full salary grade for this position is $88,800 - $152,300.
• The typical hiring salary range for this role is expected to be between $88,800 - $133,245.

Schedule

• This position is an Office role, which requires an employee to work onsite, on average, 3 days per week.

Contact Information

• We are open to candidates located near one of the following office locations: Minnetonka, MN.
• 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.

Equal Opportunity Employer

• 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.