Sr Actuarial Associate at MEDICA PAIN MANAGEMENT

Madison, Wisconsin, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Sep, 26

Salary

133245.0

Posted On

30 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Analysis, Pricing, Statistical Programming, Forecasting, Risk Management, Excel, SAS, SQL, Data Modeling, Problem Solving, Attention To Detail, Project Management

Industry

Insurance

Description

Medica is a nonprofit health plan with more than a million members that serves communities in Minnesota, Nebraska, Wisconsin, Missouri, and beyond. We deliver personalized health care experiences and partner closely with providers to ensure members are genuinely cared for. We're a team that owns our work with accountability, makes data-driven decisions, embraces continuous learning, and celebrates collaboration — because success is a team sport. It's our mission to be there in the moments that matter most for our members and employees. Join us in creating a community of connected care, where coordinated, quality service is the norm and every member feels valued. Analyze and evaluate the likelihood of future events in order to reduce and manage future risks. Complete and interpret actuarial analysis, valuations, cost estimates, and modeling using statistical programming and database tools. Perform rate level pricing functions and prepare monitoring reports on program or product pricing. Measure historical relationships to develop forecasts and identify trends. Performs other duties as assigned. Key Accountabilities * Responsibility for pricing assigned lines of business * Prepare and analyze monitoring reports, develop forecasts, and update pricing factors. * Monitor performance of existing block for opportunities and risks. Required Qualifications * Bachelor's degree or equivalent experience in related field * 5 years of work experience beyond degree Required Certifications/Licensure * Level 2: ASA + 3 exams/modules (must include 1 exam) OR Demonstrated performance over multiple years under the supervision of a qualified actuary Level 1: Associate: ASA Preferred Qualifications * Experience pricing Self-Funded or Level-Funded products and/or experience with Stop-Loss pricing. * Healthcare experience is preferred * Proficiency in Excel and experience in SAS or SQL is also preferred * Strong problem-solving skills and attention to detail * Ability to balance several projects and deadlines at once This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, Madison, WI, Omaha, NE, or St. Louis, MO. The full salary grade for this position is $88,800 - $152,300. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $88,800 - $133,245. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees. The compensation and benefits information is provided as of the date of this posting. Medica’s compensation and benefits are subject to change at any time, with or without notice, subject to applicable law. Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States. We are an Equal Opportunity employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.

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Responsibilities

The role involves analyzing future events to manage risks and performing rate level pricing functions for assigned lines of business. Key duties include developing forecasts, updating pricing factors, and monitoring the performance of existing blocks for risks and opportunities.