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PacificSource
Springfield, OR | Full Time
$89k-113k (estimate)
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PacificSource
Springfield, OR | Full Time
$77k-96k (estimate)
8 Months Ago
Actuarial Analyst II
PacificSource Springfield, OR
$77k-96k (estimate)
Full Time 8 Months Ago
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PacificSource is Hiring a Remote Actuarial Analyst II

Looking for a way to make an impact and help people? Join PacificSource and help our members access quality, affordable care! PacificSource is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability, or other protected status, such as race, religion, color, national origin, sex, sexual orientation, gender identity or age. Diversity and Inclusion: PacificSource values the diversity of the people we hire and serve. We are committed to creating a diverse environment and fostering a workplace in which individual differences are appreciated, respected and responded to in ways that fully develop and utilize each person’s talents and strengths. Provide actuarial services for all assigned segments of business. Responsible for accurate and reliable actuarial activities. Assist in actuarial analysis of risk, resulting in the attainment of PacificSource's financial and enrollment goals. Work to increase enrollment and maintain a strong financial position. Provide documented input on decisions which impact the risk assumed through various current or proposed activities. The core duties of Actuarial Analyst II include the following: Analyze claims, enrollment, administrative expense, required reserves, trends, and other factors needed to determine appropriate revenue requirements for corporate financial forecasting and other activities. Make documented recommendations based on the analysis of information regarding methods to reduce costs. Review requirements for and identify information needed to accurately assess various elements of risk, cost, and utilization, and its financial impact upon PacificSource. Establish formulas and guidelines for timely and accurate rating of existing and prospective insurance contracts. Contribute major deliverables in support of rate filing and bid process and other compliance activities required by various State and Federal law. Provide support to Product Development and Sales by offering technical expertise regarding rating and benefit evaluation. Produce reports for use by Management and appropriate departments within PacificSource, such as Product Development, Provider Network, Health Services, Finance, etc. Work to identify and define problems, design and then implement solutions, and further monitor results, in a continuous cycle. Actively participate as a key team member in department meetings. Utilize VBA, SAS, or SQL to gather informative data from raw data set. Apply advanced knowledge of Microsoft Excel to analyze data and build models for required projects. Apply principles of actuarial concepts while working to employ established procedures. Requirements: Bachelor’s degree in Mathematics, Statistics, Actuarial Science, or a related field. Must have passed a minimum of four actuarial exams, or, must have passed a minimum of two actuarial exams with a third and fourth exam (counting SOA approved VEE transition rules crediting exams) posted to SOA transcript within one year of onboarding. In addition, a minimum of one year’s experience in each of the following: Advanced VBA, SAS, or SQL skills Advanced Excel skills Actuarial concepts and established procedures Skills: Accountability, Collaboration, Communication (written/verbal), Flexibility, Group Problem Solving, Listening (active), Organizational skills/Planning and Organization, Teamwork Our Values We live and breathe our values. In fact, our culture is driven by these seven core values which guide us in how we do business: We are committed to doing the right thing. We are one team working toward a common goal. We are each responsible for customer service. We practice open communication at all levels of the company to foster individual, team and company growth. We actively participate in efforts to improve our many communities-internally and externally. We actively work to advance social justice, equity, diversity and inclusion in our workplace, the healthcare system and community. We encourage creativity, innovation, and the pursuit of excellence. Physical Requirements: Stoop and bend. Sit and/or stand for extended periods of time while performing core job functions. Repetitive motions to include typing, sorting and filing. Light lifting and carrying of files and business materials. Ability to read and comprehend both written and spoken English. Communicate clearly and effectively. Disclaimer: This job description indicates the general nature and level of work performed by employees within this position and is subject to change. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this position. Employment remains AT-WILL at all times. PacificSource is anything but a typical health insurance company. Founded in 1933, we’re an independent, not-for-profit organization that puts our members, and their communities first—across Idaho, Oregon, Montana, and Washington. It's our 1,900 employees who make it happen: promoting health equity and partnering with providers to deliver better access to optimal, affordable care. So yes, with PacificSource, you get to do great things. In our effort to put members first—more than 600,000 of them—initiative, commitment, and hard work are supported and rewarded with excellent benefits, competitive wages, and opportunities for personal growth and advancement. Benefits: Flexible telecommute policy, medical, vision, and dental insurance, incentive program, paid time off and holidays, 401(k) plan, volunteer opportunities, tuition reimbursement and training, life insurance, and options such as a flexible spending account. We love our common purpose. Empowerment, flexibility, and sharing success make for a great place to work. Here’s what else we feel good about: A mission with a real sense of shared values Competitive wages and outstanding benefits, including telecommuting Opportunities for learning development and career advancement Organizational leadership style rooted in servant and transformational leadership A commitment to support the communities we serve A belief in the importance of work-life balance April 16: Central Oregon Community College Job Fes, 10a-1p (2600 NW College Way, Bend, OR 97703) April 17: Oregon State Spring Career Fair, 11a-3p at Career Center (725 Southwest 26th Street, Corvallis OR 97331) April 18: University of Oregon Spring Career Fair, 12p-4p at the EMU Ballroom (1395 University St, Eugene OR 97403) April 24: Linn Benton Community College Career Fair, 10a-2p (6500 Pacific Blvd SW, Albany OR 97321) May 14: Idaho Business League, 10a-2p at Courtyard by Marriot (1789 S Eagle Road, Meridian ID) PacificSource is an equal opportunity employer and a company that loves helping people. We work with our employees to understand their goals, and provide training, individual development, and career advancement opportunities to help them achieve just that. In 2023 alone we had 407 internal promotions! Top Workplace 2024 USA | USA Today Certified Age Friendly Employer, 2023 | Age Friendly Institute Top Workplace 2023 and 2022 for Idaho | Idaho Press Top Workplace 2023 and 2022 for Oregon and SW Washington | The Oregonian #4 Healthiest Employer of Oregon 2021 | Portland Business Journal Healthy Worksite 2021 | Design Coalition in Montana PacificSource is an equal opportunity employer. Click here to review our AAP Policy Statement. If you have questions about working at PacificSource or need help with your application, please email HRrecruiting@PacificSource.com.

Job Summary

JOB TYPE

Full Time

SALARY

$77k-96k (estimate)

POST DATE

09/01/2023

EXPIRATION DATE

06/13/2024

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The following is the career advancement route for Actuarial Analyst II positions, which can be used as a reference in future career path planning. As an Actuarial Analyst II, it can be promoted into senior positions as an Actuary III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Actuarial Analyst II. You can explore the career advancement for an Actuarial Analyst II below and select your interested title to get hiring information.