CareSource
Actuarial Analyst I
CareSource, Dayton, Ohio, United States, 45402
Job Summary:
The Actuarial Analyst I is responsible for providing timely, accurate, and actionable data and analysis supporting the department, area, and corporate key initiatives.
Essential Functions:Develops actionable recommendations to management relative to all analysisCalculates profitability reports on appropriate business segmentsPerforms regular and ad-hoc analysis to identify opportunities to improve efficiency and affordabilityPerforms regular and ad-hoc analysis/studies to evaluate assumptions used in other processesParticipates in cross functional teams to address key issues facing the organizationPrepares monthly calculation of the company's IBNR reservesEvaluates government reimbursement process to determine areas of risk and opportunityParticipates in initiatives to improve operating resultsInitiates key analysis to improve overall MLR resultsPerforms other duties as assigned
Education and Experience:Bachelor's degree in actuarial science, mathematics, economics or a related field is requiredStrong database (SAS or Access) experience is preferredManaged Care or healthcare experience is preferred
Competencies, Knowledge and Skills:Intermediate interpersonal/verbal communication skills and a high level of professionalismIntermediate written communication skillsIntermediate ability to work independently and within a team environmentIntermediate ability to work in fast paced environment with changing prioritiesIntermediate ability to remain calm under pressureIntermediate proficiency level with Microsoft ExcelIntermediate proficiency with Microsoft Suite to include, Word, Power Point and OutlookBasic ability to effectively present information and respond to questions from peers and managementBasic ability to analyze and interpret financial data in order to coordinate the preparation of financial recordsBasic knowledge of SQL, SAS, R, or other data manipulation softwareEffective problem-solving skills with attention to detailEffective listening and critical thinking skills
Licensure and Certification:A minimum of one exam passed under the Society of Actuaries Exam Syllabus is required; exam SRM via transition credit does not meet this requirementActive pursuit of an actuarial designation (ASA) is required
Working Conditions:General office environment; may be required to sit or stand for extended periods of time
Compensation Range:$60,300.00 - $96,500.00 CareSource takes into consideration a combination of a candidate's education, training, and experience as well as the position's scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. We are highly invested in every employee's total well-being and offer a substantial and comprehensive total rewards package.Compensation Type:SalaryCompetencies:- Create an Inclusive Environment- Cultivate Partnerships- Develop Self and Others- Drive Execution- Influence Others- Pursue Personal Excellence- Understand the BusinessThis job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an inclusive environment that welcomes and supports individuals of all backgrounds.
The Actuarial Analyst I is responsible for providing timely, accurate, and actionable data and analysis supporting the department, area, and corporate key initiatives.
Essential Functions:Develops actionable recommendations to management relative to all analysisCalculates profitability reports on appropriate business segmentsPerforms regular and ad-hoc analysis to identify opportunities to improve efficiency and affordabilityPerforms regular and ad-hoc analysis/studies to evaluate assumptions used in other processesParticipates in cross functional teams to address key issues facing the organizationPrepares monthly calculation of the company's IBNR reservesEvaluates government reimbursement process to determine areas of risk and opportunityParticipates in initiatives to improve operating resultsInitiates key analysis to improve overall MLR resultsPerforms other duties as assigned
Education and Experience:Bachelor's degree in actuarial science, mathematics, economics or a related field is requiredStrong database (SAS or Access) experience is preferredManaged Care or healthcare experience is preferred
Competencies, Knowledge and Skills:Intermediate interpersonal/verbal communication skills and a high level of professionalismIntermediate written communication skillsIntermediate ability to work independently and within a team environmentIntermediate ability to work in fast paced environment with changing prioritiesIntermediate ability to remain calm under pressureIntermediate proficiency level with Microsoft ExcelIntermediate proficiency with Microsoft Suite to include, Word, Power Point and OutlookBasic ability to effectively present information and respond to questions from peers and managementBasic ability to analyze and interpret financial data in order to coordinate the preparation of financial recordsBasic knowledge of SQL, SAS, R, or other data manipulation softwareEffective problem-solving skills with attention to detailEffective listening and critical thinking skills
Licensure and Certification:A minimum of one exam passed under the Society of Actuaries Exam Syllabus is required; exam SRM via transition credit does not meet this requirementActive pursuit of an actuarial designation (ASA) is required
Working Conditions:General office environment; may be required to sit or stand for extended periods of time
Compensation Range:$60,300.00 - $96,500.00 CareSource takes into consideration a combination of a candidate's education, training, and experience as well as the position's scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. We are highly invested in every employee's total well-being and offer a substantial and comprehensive total rewards package.Compensation Type:SalaryCompetencies:- Create an Inclusive Environment- Cultivate Partnerships- Develop Self and Others- Drive Execution- Influence Others- Pursue Personal Excellence- Understand the BusinessThis job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an inclusive environment that welcomes and supports individuals of all backgrounds.