Job description
Job Summary:
The Actuarial Analyst I prepares baseline analysis an expectations of future rate changes and supports the department and organization in all other statistical estimates/measures needed.
Essential Functions:
- Complete Incurred But Not Reported (IBNR) reserve estimates for assigned CareSource lines of business on a monthly basis
- Ensure financial integrity of lag cell data via reconciliation procedures
- Support IBNR results to external actuaries engaged as part of audit or other events
- Assist in developing internal statistical models to support key business goals / initiatives
- Support projects that help to determine key assumptions that are included in our rate development practices
- Prepare baseline analysis on expectations of rate changes for future years
- Support the rate development activities across assigned lines of business
- Support new business in providing benefit plan rating factors / adjustments
- Complete federal or state rate and benefit plan filing requirements as necessary
- Perform any other job duties as requested
Education and Experience:
- Bachelor's degree in actuarial science, mathematics, economics or a related field is required
- Strong database (SAS or Access) experience is preferred
- Managed Care or healthcare experience is preferred
Competencies, Knowledge and Skills:
- Advanced proficiency level with Microsoft Excel
- Intermediate proficiency with Microsoft Suite to include, Word, Power Point and Outlook
- Familiar with a variety of analysis concepts, practice and procedures
- Basic knowledge of SQL, SAS, R, or other data manipulation software
- Excellent written and verbal communication skills
- Ability to develop, prioritize and accomplish goals
- Auditing skills
- Ability to work independently and within a team environment
- Strong interpersonal skills and high level of professionalism
- Effective problem solving skills with attention to detail
- Effective listening and critical thinking skills
Licensure and Certification:
- Active pursuit of an actuarial designation is required with up to three exams successfully passed
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time
Organization Level Competencies
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Leveraging Feedback
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Customer Orientation
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Valuing Differences
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Managing Work
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Earning Trust
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Quality Orientation
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Adaptability
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Influencing
-
Collaborating
This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer, including disability and veteran status. We are committed to a diverse and inclusive work environment.
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