The Actuarial Analyst is responsible for maintaining the integrity of the department's premium forecast models, automated rating systems and developing rating systems and premium models for the future. Responsibilities also include making improvements to data analysis, revenue forecasts, assisting in the development of the state filed rating memoranda. In addition, the Actuarial Analyst assists in development of pricing methodologies, analysis of the Plan's risk pool and identification of trends in HPHC's cost structure.
- The Actuarial Analyst should be familiar with market driven changes in rating methodologies, rating territories, benefit option, and products and effectively updating all systems as necessary.
- The Actuarial Analyst should be able to identify the numerous underlying issues that impact the analysis performed to resolve each project in coordination with other departments, management, and outside consultants.
- This position requires an extensive understanding of the data available within the company, the health care market, applicable actuarial techniques, and changes in the health care legislation.
- Other functions include assisting in development of rating memoranda rates for non-standard benefits requested by accounts and responses to RFP actuarial relate questions
Bachelors or Masters degree in a quantitative discipline such as Business, Mathematics, or Finance
3 years of actuarial work experience and 5+ yrs of quantitative professional work experience.
Must have a solid understanding of actuarial, underwriting, client reporting and the healthcare market.
2 - 3 exams completed.
Excellent math skills, familiarity with financial analysis, statistics and pricing required.
Advanced ability in the use of spreadsheet and database software.
Must possess strong communication skills, both verbal and written.
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