Actuarial Associate

The Actuarial Associate will analyze and interpret data related to cost, membership, capitation, Rate-setting, Incurred But Not Reported (IBNR) and other items as needed. They will use SQL/excel etc. to model data and assess financial risk and help develop exhibits to assist in the socialization of financial outcomes. The Actuarial Associate will also serve as a subject matter expert to internal and external stakeholders and partner with teams to produce actionable insights.

This position is full-time remote. Selected candidate must reside in North Carolina. Some travel for onsite meetings to the Home office may be required for meetings.

• Evaluate information to determine the potential risks of certain events and their financial impact on the organization
• PMPM Development / Monitoring - Analyze actual vs budgeted PMPM rates by Category of Service and evaluate the causes of healthcare expense patterns

• Support the development, maintenance, and preparation of IBNR models, lag schedules and liability calculations
• Adjust and refine IBNR models based on changes in the organization, the environment, or additional risks that may arise

• Assist in the development of Value Based Contract assessment and reporting
• Undertake financial reconciliation for risk sharing agreements
• Evaluate feasibility / opportunity for ‘New’ VBC arrangements

• Become an internal SME on State Rate developments
• Analyze the rate book provided by the state to validate assumptions

• Assist the Actuarial Function in the creation of documented procedures to support Completion and IBNR

• Present and communicate complex statistical and mathematical information to others
• Develop and present strategies and solutions that manage risk and costs

Required
:

Bachelor’s Degree in Actuarial Science, Mathematics, Business, or related field from an accredited college/university and at least three (3) or more years of related experience in an Actuarial capacity

Candidate applying for this job is required to have passed at least 2 Society of Actuary (SOA) Actuarial Examinations

Preferred
:

Experience with Financial Close Processes is preferred

Experience supporting Health Plan is preferred

• Training/Presentation
• Microsoft Office Package
• Communication
  - Verbal
• Organization
• Complex Problem Solving
• Time Management;
  Prioritization
• Written Communication;
  Reporting
• SQL

Employment for this position is contingent upon a satisfactory background and credit check, which will be performed after acceptance of an offer of employment and prior to the employee's start date.

$79,425-$101,267/Annually

Exact compensation will be determined based on the candidate's education, experience, external market data and consideration of internal equity.

An excellent fringe benefit package accompanies the salary, which includes:

• Medical, Dental, Vision, Life, Long Term Disability
• Generous retirement savings plan
• Flexible work schedules including hybrid/remote options
• Paid time off including vacation, sick leave, holiday, management leave
• Dress flexibility