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Actuarial Analyst

Company: Sentara Health
Location: Gainesville
Posted on: February 10, 2024

Job Description:

City/State
Gainesville, FL

Overview

Work Shift
First (Days) (United States of America)

AvMed, a division of Sentara Health Plans in the Florida market, is hiring an Actuarial Analyst in Miami and/or Gainesville, Florida. This is a hybrid position, 2 days in office and 3 days remote.

Scope of position:The Actuarial Analyst is responsible for performing actuarial analysis in the development of liabilities and/or in support of pricing activities.

Essential Job Functions:

  • Assists in the assessment of feasibility, anti-selection risk, marketability, alternative product options, existing product options, improvements, market needs, configuration issues, and portfolio placement of new products.
  • Develops and analyzes financial projections.
  • Assists in the development of risk adjustment projections for both the Commercial and Medicare product line.
  • Provides assistance to underwriters and marketing in valuing groups benefit changes.
  • Assists with the production and review of regulatory filings and related analyses.
  • Assists and participates in negotiations and sales presentations with customers where appropriate.
  • Researches, evaluates and analyzes medical care costs trends by region, market segment and product line and conduct variance analysis with respect to utilization and unit costs.
  • Provides support in the development of operational systems and reporting tools for use by the Commercial Group Underwriting Unit to include automated excel-based rating programs and other actuarial tools used within the department.
  • Assists in the development of underwriting guidelines and policies conducive to profitability and the avoidance of adverse selection.
  • Assists the unit Manager with the coordination of all regulatory audit activities for the Underwriting and Financial Department, including DFS Market Conduct Exams, Medicare ACR audit and OPM audit.
  • Performs additional duties and responsibilities as assigned by management
  • Assists in the assessment of feasibility, anti-selection risk, marketability, alternative product options, existing product options, improvements, market needs, configuration issues, and portfolio placement of new products.
  • Develops and analyzes financial projections.

    Minimum Requirements:
    • Bachelor's in mathematics, Economics, Actuarial Services, or related field
    • Master s preferred
    • 1-2 years of years of working with risk models, mathematical or actuarial analysis, preferably in a health insurance field
    • Successful completion of at least one Society of Actuaries examination required two or more exams completed preferred
    • An equivalent combination of education and experience may be considered.

      Preferred Requirements:
      • Automated or Statistical Analysis Tools
      • Analytical and Problem Solving
      • Excellent verbal and written communication skills
      • Strong analytical skills and financial analysis experience including experience with Excel, Word, and PowerPoint
      • Demonstrates strong negotiating and influencing skills that are organized and constructed for successful outcomes, is well planned and prepared for, and is centered around win-win solutions

        Our Benefits:

        As the third-largest employer in Virginia, Sentara Health was named by Forbes Magazine as one of America's best large employers. We offer a variety of amenities to our employees, including, but not limited to:
        • Medical, Dental, and Vision Insurance
        • Paid Annual Leave, Sick Leave
        • Flexible Spending Accounts
        • Retirement funds with matching contribution
        • Supplemental insurance policies, including legal, Life Insurance and AD&D among others
        • Work Perks program including discounted movie and theme park tickets among other great deals
        • Opportunities for further advancement within our organization

          Sentara employees strive to make our communities healthier places to live. We're setting the standard for medical excellence within a vibrant, creative, and highly productive workplace. For information about our employee benefits, please visit: Benefits - Sentara (sentaracareers.com)

          Join our team! We are committed to quality healthcare, improving health every day, and provide the opportunity for training, development, and growth!

          Note: Sentara Healthcare offers employees comprehensive health care and retirement benefits designed with you and your family's well-being in mind. Our benefits packages are designed to change with you by meeting your needs now and anticipating what comes next. You have a variety of options for medical, dental and vision insurance, life insurance, disability, and voluntary benefits as well as Paid Time Off in the form of sick time, vacation time and paid parental leave. Team Members have the opportunity to earn an annual flat amount Bonus payment if established system and employee eligibility criteria is met.

          Keywords: Talroo-Health Plan, #INDEED, SQL

          Job Summary

          Assist in any and all of the functions normally associated with a qualified health actuary including: IBNR calculation; the determination of rating factors such as age, sex, location, or industry; development of rates and filings for the BOI; suggestions for periodic group rating changes; development of necessary rates for government programs; assistance with the development, implementation and maintenance of new products, services and systems, including any necessary rate development; providing actuarial input to the Corporate management staff level; and reporting on the financial status of entire products or segments of products.

          Minimum completion of one actuarial exam.

          Qualifications:

          BLD - Bachelor's Level Degree (Required)

          Skills

          Sentara Healthcare prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.

          Per Clinical Laboratory Improvement Amendments (CLIA), some clinical environments require proof of education; these regulations are posted at ecfr.gov for further information. In an effort to expedite this verification requirement, we encourage you to upload your diploma or transcript at time of application.

          In support of our mission to improve health every day, this is a tobacco-free environment. Associated topics: actuarial, actuarial assistant, actuary consultant, associate actuary, cost, director actuary, mathmatics, model, probability, statistics

Keywords: Sentara Health, Gainesville , Actuarial Analyst, Professions , Gainesville, Florida

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