Actuarial Analyst

Role Snapshot

Our Actuarial Analyst works in a team setting applying mathematics, probability, statistics, and business principles to support rating/pricing, valuation, healthcare economics, and financial forecasting in a Health Plan/Insurance environment. The analyst assists actuaries and provides support across Network Management, Underwriting, Sales & Marketing, and Finance.

$80,000 ~ $100,000 (base pay may vary based on job-related knowledge, skills, and experience).

Remote work permitted in approved states:
Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Virginia, Wisconsin. New employees living within 45 miles of WPS Headquarters (1717 W. Broadway, Madison, WI) will work hybrid 2 days a week.

• Assist in actuarial research, experience studies, statistical analyses, and actuarial calculations.
• Build, maintain, and enhance models for pricing, forecasting, and risk assessment.
• Retrieve and validate data for rate filings and actuarial models; assist in building rate studies, pricing tools, and financial reports.
• Perform peer reviews, identify and communicate errors and risks.
• Coordinate with internal and external auditors for regulatory audits and examinations.
• Prepare and coordinate rate filings required for the Commissioner of Insurance.
• Work accurately on procedural tasks and resolve arising issues.

• Bachelor’s degree in actuarial science, statistics, mathematics, or related field.
• At least 2 exams completed toward the Associate of the Society of Actuaries designation.
• 2 or more years of actuarial experience.
• Proficient in Microsoft Excel and actuarial modeling tools/programming languages (SQL, R, Python).
• Experience in reconciling report results.
• Strong planning, organizing, coordinating, and multitasking skills.

• 4 or more years of actuarial experience.
• Experience in a health insurance or health plan environment.
• Diverse actuarial exposure, e.g., Reserving, Pricing, Underwriting support, Network Management, Sales & Marketing, Finance.

• High speed cable or fiber internet.
• Minimum of 10 Mbps downstream and at least 1 Mbps upstream.

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

WPS is a leading not‑for‑profit health insurer and federal government contractor headquartered in Madison, Wisconsin. It offers a range of health plans and manages benefits for millions of active‑duty and retired military personnel. WPS has been serving customers for nearly 80 years and values military and veteran readiness.

WPS fosters an open and empowering employee experience, encouraging engagement, inclusion, and innovation. The company sets high standards for recognition and workplace culture.

Mid‑Senior level

Full‑time

Finance and Sales