Actuarial Analyst III- Actuarial and Underwriting (must reside in Florida)

POSITION SUMMARY

Subject matter expert for the actuarial department in one or more of the following areas: Filings, product development, financial valuation and reporting, population health management.

PRIMARY ACCOUNTABILITIES

• Develop financial models for the monitoring and projection of current and future business.
• Maintain rating models and data base support programs used in the actuarial department. Update for appropriate actuarial standards of practice, laws and regulations.
• Develop and maintain models for the calculation of appropriate claims and other reserves.
• Develop management reports necessary for the financial management of all products.
• Support the development of required state and federal premium rates and other filings.
• Assist in the determination of cash reserves (IBNR), risk funding mechanisms (SSA, 3-R’s, etc.), budget projections, and all other financial modeling including development of provider payment mechanisms
• Will be considered a Subject Matter Expert in at least one of the above disciplines: Filings, Product Development, Financial Valuation and Reporting, or Population Health Management.

MINIMUM QUALIFICATIONS

• Education: : BS or BA degree in Mathematics, Actuarial Science, or related field from accredited college or university with a 3.4 GPA.
• Licensure: None Required
• Certification: Passed three actuarial exams.
• Work Experience: 2 years of experience in at least one of the following support responsibilities: Filings, Product Development, Financial Valuation and Reporting, or Population Health Management.
• Knowledge/Skills/Abilities:
• Possess strong computer abilities with emphasis on Microsoft Excel, SQL or other programming language.
• Knowledge of laws, government regulations, and agency rules for managed care controls.
• Some level of understanding of insurance and associated terminology.
• Strong background in arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Knowledge of economics and accounting principles and practices, and reporting of financial data.
• Knowledge of document structure and content, including spelling, grammar and rules of composition.
• Be able to perform support tasks autonomously for at least one of the following responsibilities as described above: Filings, Product Development, Financial Valuation and Reporting, or Population Health Management.
• Has demonstrated an ability to work directly with Underwriting, Risk Adjustment, Finance, Decision Support, Group Services and/or Senior Management.

PREFERRED QUALIFICATIONS

• Education: No additional education required.
• Licensure: No additional required.
• Certification: No additional required.
• Work Experience: No additional required.
• Knowledge/Skills/Abilities: No additional required.

PHYSICAL REQUIREMENTS Sedentary – Office Workers

• Majority of time involves sitting or standing; occasional walking, bending, stooping.
• Long periods of computer time or at workstation.
• Light work that may include lifting or moving objects up to 20 pounds with or without assistance.
• May be exposed to inside environments with varied temperatures, air quality, lighting and/or low to moderate noise.
• Communicating with others to exchange information.
• Visual acuity and hand-eye coordination to perform tasks.
• Workspace may vary from open to confined; on site or remote.
• May require travel to various facilities within and beyond county perimeter; may require use of personal vehicle.