Actuarial Analyst

Actuarial Analyst

Join WPS—A health solutions company
, a leading not-for-profit health insurer and federal government contractor headquartered in Madison, Wisconsin. We offer health insurance plans for individuals, families, seniors and group health plans for small to large businesses. WPS is dedicated to making healthcare easier for the people we serve for nearly 80 years.

The Actuarial Analyst will work in a team setting and apply mathematics, probability, statistics, and business principles to support rating/pricing, valuation, healthcare economics, and financial forecasting in a Health Plan / Insurance environment. This role assists actuaries and provides actuarial support to departments including Network Management, Underwriting, Sales & Marketing, and Finance.

$80,000 ~ $100,000 (base pay varies within the posted range based on knowledge, skills, and experience).

Remote work available in approved states:
Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Virginia, Wisconsin.

Employees living within 45 miles of WPS Headquarters (1717 W. Broadway, Madison, WI) are expected to work hybrid 2 days per week as needed.

WPS is a health solutions company that offers health insurance plans and manages benefits for millions of active-duty and retired military personnel across the U.S. and abroad. Proud to be military and veteran ready.

WPS fosters an open and empowering employee experience, recognizing the benefits of employee engagement as an investment in our workforce. Our culture promotes inclusion, innovation, and agility, helping teams adapt to business changes and new opportunities.

• Assist in actuarial research, experience studies, and statistical analyses and calculations.
• Build and maintain models for pricing, forecasting, and risk assessment.
• Analyze financial, statistical, and mathematical data and perform actuarial calculations.
• Provide support to senior analysts or actuaries.
• Complete procedural tasks accurately and resolve arising issues.
• Retrieve and validate data for rate filings and actuarial models; assist in building rate studies, pricing tools, model enhancements, and financial reports.
• Perform peer reviews, identify, and communicate errors and risks.
• Assist in preparation and coordination of rate filings necessary for the Commissioner of Insurance.
• Coordinate with internal and external auditors for regulatory audits and examinations.

• Bachelor’s degree in actuarial science, statistics, mathematics, or related field.
• At least 2 exams completed towards the Associate of the Society of Actuaries designation.
• 2 or more years of actuarial experience.
• Demonstrated skills in planning, organizing, coordinating, and managing multiple tasks and priority projects in a changing work environment.
• Proficiency in Microsoft Excel and actuarial modeling tools and programming languages (e.g., SQL, R, Python).
• Knowledge and practice in reconciling report results.

• 4 or more years of actuarial experience.
• Experience in a health insurance or health plan environment.
• Diverse Actuarial Analysis exposure including Reserving, Pricing Products, Supporting Underwriting, Network Management, Sales & Marketing, or Finance.

• High-speed cable or fiber internet.
• Minimum of 10 Mbps downstream and at least 1 Mbps upstream connection.
• Review Remote Worker FAQs for additional information.

• Remote and hybrid work options available.
• Performance bonus and/or merit increase opportunities.
• 401(k) with a 100% match for the first 3% of salary and a 50% match for the next 2% (100% vested immediately).
• Competitive paid time off.
• Health, dental, and telehealth services start Day 1.
• Professional and Leadership Development Programs.
• Additional benefits details available at

Mid-Senior level

Full‑time

Finance and Sales;
Industries:
Insurance