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

• 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.
• Forecasting and trend identification.

Benefits

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 $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 - $133,245. 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, 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.

Location

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

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.