What are the responsibilities and job description for the Actuarial Analyst position at WPS Health Solutions New?
Role Snapshot
Our Actuarial Analyst, will work in a team setting and will apply mathematics, probability, statistics, and business principles to support rating/pricing, valuation, healthcare economics, and financial forecasting in a Health Plan / Insurance environment. This Analyst assists actuaries and provides actuarial support to various departments, including Network Management, Underwriting, Sales and Marketing, and Finance.
Salary Range
$80,000 ~ $100,000
The base pay offered for this position may vary within the posted range based on your job-related knowledge, skills, and experience.
Work Location
We are open to remote work in the following approved states:
Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Texas, Virginia, Wisconsin
**New employee living within 45 miles of WPS Headquarters (1717 W. Broadway in Madison, WI) will be expected to be able to work Hybrid 2 days a week on a regular basis. Onsite work will be tailored for team cohesion, strategy, planning and collaboration.
How do I know this opportunity is right for me? If you:
- Can assist in actuarial research, experience studies, and statistical analyses and calculations.
- Have built and maintained models for pricing, forecasting, and risk assessment.
- Thrive when analyzing financial, statistical, and mathematical data and perform actuarial calculations.
- Can provide support to senior analysts or actuaries.
- Like to get things done, completing procedural tasks accurately, identifying and resolving issues that arise.
- Enjoy retrieving and validating data for rate filings and actuarial models; assist in building rate studies, pricing tools, model enhancements, and financial reports.
- Can perform peer reviews, identify, and communicate errors and risks.
- Want to assist in preparation and coordination of all rate filings necessary for Commissioner of Insurance.
- Would like to coordinate with internal and external auditors to support regulatory audits and examinations.
Minimum Qualifications
- Bachelor’s degree in actuarial science, statistics, mathematics, or related field.
- At least 2 exams completed towards the Associate of the Society of Actuaries designation.
- 2 or more years actuarial experience.
- Demonstrated skills in planning, organizing, coordinating, and managing multiple tasks and priority projects in a changing work environment.
- Proficient in Microsoft Excel and actuarial modeling tools and programming languages (e.g., SQL, R, Python).
- Knowledge and practice in reconciling report results.
Preferred Qualifications
- 4 or more years actuarial experience.
- Experience working in a health insurance or health plan environment.
- Diverse Actuarial Analysis exposure that could include: Reserving, Pricing Products, Supporting Underwriting, Network Management, Sales and Marketing, or Finance.
Remote Work Requirements
- High speed cable or fiber internet
- Minimum of 10 Mbps downstream and at least 1 Mbps upstream internet connection (can be checked at https://speedtest.net)
- Please review Remote Worker FAQs for additional information
Benefits
- Remote and hybrid work options available
- Performance bonus and/or merit increase opportunities
- 401(k) with a 100% match for the first 3% of your salary and a 50% match for the next 2% of your salary (100% vested immediately)
- Competitive paid time off
- Health insurance, dental insurance, and telehealth services start DAY 1
- Professional and Leadership Development Programs
- Review additional benefits: (https://www.wpshealthsolutions.com/careers/fulltime_benefits.shtml)
Who We Are
WPS, a health solutions company, is a leading not-for-profit health insurer and federal government contractor headquartered in Madison, Wisconsin. WPS offers health insurance plans for individuals, families, seniors and group health plans for small to large businesses. We process claims and provide customer support for beneficiaries of the Medicare program and manage benefits for millions of active-duty and retired military personnel across the U.S. and abroad. WPS has been making healthcare easier for the people we serve for nearly 80 years. Proud to be military and veteran ready.
Culture Drives Our Success
WPS’ culture is where the great work and innovations of our people are seen, fueled and rewarded. We accomplish this by creating an open and empowering employee experience. We recognize the benefits of employee engagement as an investment in our workforce—both current and future—to effectively seek, leverage, and include differing and unique perspectives that fuel agility and innovation on high-performing teams. This results in people bringing their authentic selves to work every day in an organization that successfully adapts to business changes and new opportunities.
We are proud of the recognition we have received from local and national organization regarding our culture and workplace: WPS Newsroom - Awards and Recognition.
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Salary : $80,000 - $100,000