Actuarial Analyst in Boston, MA at Beacon Health Options

Date Posted: 5/21/2018

Job Snapshot

Job Description

About the Position:

The actuarial analyst is critical to the accurate and timely analysis of the financial health of the organization, and would work with the pricing and reserving analysts and actuaries. Pricing activities support the management of existing and new business profitability. Reserving activities support the accurate management of the risk businesses medical expenses. 

Position Responsibilities:

  • Develop pricing models and benchmarks for use in the underwriting and modeling of new business opportunities
  • Forecast investment requirements and potential profitability of existing and new business
  • Estimate reserves and medical cost accruals for risk business
  • Develops reports and analysis for finance and accounting teams to ensure appropriate and accurate monthly accruals
  • Calculate and monitor actuarial reserves and liabilities, including IBNR, premium deficiency reserves, and risk share calculations
  • Support actuarial aspects of financial audits and reporting on financial results to key risk clients
  • Prepare documents, graphics and exhibits for management
  • Use data effectively and efficiently

Position Requirements:

  • Education: Bachelor’s Degree, with a preference in Math, Science, Engineering or Economics. One to five exams towards an Associate in the Society of Actuaries, or equivalent
  • Relevant Work Experience: This role requires at least one year of experience in healthcare insurance analytical work
  • Knowledge, Skills, and Abilities: Strong critical thinking, pattern recognition/detection, and problem-solving skills; has the ability to think outside of the box. Strong proficiency in at least one of the following or similar: SQL or other relational database querying languages, VBA, R, SPSS, SAS, Matlab, IBM Cognos, R, Python, Toad, Business Objects, Crystal. Strong interpersonal and communication skills. Ability to work independently and as a team player

To Apply:

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Beacon Health Options is proud to be an Equal Opportunity and Affirmative Action Employer as well as a Drug Free and Tobacco Free Work Environment.  EOE/AA/M/F/Veterans/Disabled