JOB DESCRIPTION Job Summary
Provides analyst support for actuarial function activities including extracting, analyzing, and synthesizing data from various sources to identify risks. Estimates liabilities, establishes premium rates, and supports financial analysis and reporting.
Essential Job Duties
• Collaborates with actuarial team to complete incurred but not reported (IBNR) estimates and rate adequacy studies, and documents assumptions.
• Analyzes results to identify early signs of trends or other issues related to medical care costs.
• Designs and performs actuarial studies related to medical care costs and trends.
• Generates and distributes routine reports to support IBNR calculations, pricing and financial reporting.
• Extracts and compiles information from various systems to support executive decision-making.
• Researches and develops reports and analysis for senior leadership, and effectively communicates results.
• Assists in the preparation of claim experience reports, rate models and state regulatory reports.
Required Qualifications
• At least 1 year of actuarial experience, or equivalent combination of relevant education and experience.
• At least 2 passing Society of Actuaries (SOA) exams.
• Bachelor's degree in actuarial, mathematics, statistics, economics or related field.
• Advanced understanding of statistics/predictive analytics.
• Demonstrated problem-solving skills.
• Strong critical-thinking and attention to detail.
• Ability to effectively collaborate with technical and non-technical stakeholders.
• Strong time-management skills, and ability to manage simultaneous projects and tasks to meet internal deadlines.
• Understands the basic concepts of insurance, as well as key actuarial/technical terminology related to area of practice.
• Consistently provides accurate and timely work product.
• Effective verbal and written communication skills.
• Proficient in Microsoft Office suite products, including key skills in Excel (VLOOKUPs and pivot tables), and applicable software program(s) proficiency.
To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V
Working at
Molina Healthcare
Molina Healthcare is a leading managed healthcare company dedicated to providing quality healthcare services to underserved communities. With a strong commitment to improving access to care, Molina Healthcare offers a wide range of health insurance plans and solutions. As an actuary at Molina Healthcare, you'll play a crucial role in assessing and managing risks to ensure the financial stability of the company's healthcare offerings. Actuaries at Molina Healthcare utilize their expertise in statistical analysis and risk assessment to develop pricing strategies, analyze healthcare trends, and provide insights that support evidence-based decision-making. Molina Healthcare's focus on serving vulnerable populations and providing cost-effective care creates unique challenges and opportunities for actuaries. Collaborating with cross-functional teams, actuaries at Molina Healthcare analyze complex healthcare data, identify trends, and develop innovative solutions that improve health outcomes while managing costs. Professional growth is highly valued at Molina Healthcare, and actuaries have access to ongoing training and development opportunities. Actuaries can enhance their skills and expertise while contributing to the company's mission of providing quality healthcare to those who need it most. Join Molina Healthcare's esteemed actuarial team and embark on a fulfilling career where you can make a meaningful impact on underserved communities, drive healthcare innovation, and enjoy a supportive work environment.