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Medicare Actuary

Job in Elgin, Kane County, Illinois, 60122, USA
Listing for: Jobtailor
Full Time position
Listed on 2026-07-24
Job specializations:
  • Finance & Banking
    Actuary, Senior Financial Analyst
Salary/Wage Range or Industry Benchmark: 110000 - 165000 USD Yearly USD 110000.00 165000.00 YEAR
Job Description & How to Apply Below

Responsibilities

  • Lead the development, maintenance, and ongoing enhancement of Medicare Part D financial models, including settlements, forecasting, and experience monitoring.
  • Own actuarial components of the monthly close process, including evaluation of IBNR reserves.
  • Contribute to the development and submission of Medicare Advantage bids.
  • Build actuarial models and perform complex data analysis using large healthcare datasets to support forecasting, reserving, and strategic decision‑making.
  • Identify opportunities to improve existing processes, automate workflows, and enhance analytical capabilities.
  • Serve as a subject matter expert for Medicare Advantage and Part D‑related financial analyses.
  • Present findings, recommendations, and actuarial concepts to senior leadership in a clear and concise manner.
  • Mentor and support junior actuarial team members through technical guidance and knowledge sharing, while not having direct people management responsibilities.
Requirements
  • 4+ years of actuarial experience in a healthcare environment.
  • Medicare Advantage experience required, including Part D experience.
  • Near‑ASA (Associate of the Society of Actuaries) with ASA strongly preferred.
  • Experience supporting monthly close processes, reserving, forecasting, and Part D settlement modeling.
  • Advanced Microsoft Excel skills and proficiency in the Microsoft Office Suite.
  • Experience with SQL and healthcare data extraction and manipulation.
  • Strong analytical thinking, problem‑solving, and critical reasoning skills.
  • Ability to work independently, exercise sound judgment, and manage multiple priorities with minimal supervision.
  • Strong verbal and written communication skills with a demonstrated ability to effectively present financial and actuarial concepts to both technical and non‑technical audiences.
  • Legal authorization to work in the United States without employer sponsorship.
Core Competencies

Demonstrates expertise in Medicare Advantage and Part D financial modeling, including settlements and forecasting, while leveraging advanced analytical skills to support strategic decision‑making. Proficient in mentoring junior team members and presenting complex actuarial concepts to diverse audiences.

Certifications & Qualifications
  • Near‑ASA
  • ASA
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