Actuarial Analyst III Medicare Part D

Job Summary

This role will build and maintain the Part D pricing model, develop Part D bid assumptions, and support analyses to drive strategic decision making. The individual contributor is primarily responsible for researching and determining the likelihood of financial risk to the organization, preparing and reviewing actuarial documentation for accuracy, and conducting product line evaluation, actuarial modeling, and financial risk and opportunity analyses.

• Pursues self-development and effective relationships with others by proactively providing resources, information, advice, and expertise with coworkers and customers; influencing others through technical explanations and examples; providing occasional mentoring to team members; listening and responding, seeking, and addressing performance feedback; creating plans to capitalize on strengths and develop weaknesses; anticipating and responding to the needs of others; and adapting to and learning from change, difficulties, and feedback.
• Completes work assignments by applying up-to-date expertise in subject area to generate creative solutions; ensuring all procedures and policies are followed; leveraging an understanding of data, and resources to support projects or initiatives; collaborating cross‑functionally to solve business problems; identifying and monitoring priorities, deadlines, and expectations; communicating progress and information; identifying, recommending, and implementing ways to address improvement opportunities; and escalating issues or risks as appropriate.
• Supports actuarial documentation by preparing and reviewing for accuracy and reasonability the actuarial portion of financial reports and tax returns; and responses to insurance regulations.
• Participates in product line evaluations by conducting analysis of product line financials, pricing, reserve, valuation, cash flow analysis; and analyzing product line performance, risk, and assumptions used in product development.
• Stays abreast of actuarial research by examining developments in standards, assumptions, competition, and the legal and regulatory environment.
• Assesses, analyzes and interprets financial risks and opportunities by applying actuarial methods; and conducting actuarial analyses.
• Supports collaborations with business partners by understanding the business needs; translating actuarial constructs into non‑technical recommendations; and complying with the Actuarial Standards of Practice.
• Supports actuarial modeling by developing and enhancing actuarial models; assisting with the development of alternative assumptions and forecasts using in‑house models or actuarial software; and assisting with validating the data and results.

• Bachelor’s degree in mathematics or related field AND minimum four (4) years actuarial experience. Additional equivalent work experience in a directly related field may be substituted for the degree requirement.
• Associate of the Casualty Actuarial Society Certificate OR Associate of the Society of Actuaries Certificate.

• One (1) year leadership experience.
• Four (4) years experience with databases and spreadsheets.

Primary

Location:

California, Oakland, Ordway.

Additional Locations:
Pasadena, Portland, Atlanta, Rockville, Aurora, San Diego, Rosemont, Renton.

Scheduled Weekly

Hours:

40.

Shift: Day. Workdays:
Mon, Tue, Wed, Thu, Fri. Working Hours Start: 08:00 AM. Working Hours End: 05:00 PM.

Job Schedule:

Full‑time. Job Type: Standard. Worker

Location:

Flexible. Employee Status:
Regular. Employee Group/Union Affiliation: NUE‑PO‑01|NUE|Non Union Employee. Job Level: Individual Contributor. Department:
Po/Ho Corp - HP PROD MGMT-Actuarial SVCS - 0308. Pay Range: $124,000 – $160,380 per year. Travel:
No. Flexible:
Work location is on‑site at a KP location, with the flexibility to work from home. Worker location must align with Kaiser Permanente's Authorized States policy.

Kaiser Permanente is an equal‑opportunity employer committed to fair, respectful, and inclusive workplaces. Applicants will be considered for employment without regard to race, religion, sex, age, national origin, disability, veteran status, or any other protected characteristic or status.