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.

Essential Responsibilities :

• 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.
• 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.
• Actively participate as a key team member in department meetings.

Supporting Responsibilities :

Work Experience :

At least two years actuarial experience required. Health actuarial experience preferred.

Education, Certificates, Licenses :

Baccalaureate degree in mathematics, statistics, actuarial science, or a related field. Having passed a minimum of four actuarial exams, or having demonstrated equivalent actuarial proficiency, is required. Advanced student / near-ASA is preferred but not required.

Knowledge :

Requires excellent oral and written communication skills; excellent organization skills; ability to read, analyze, and interpret documents and information; and ability to respond to common inquiries and effectively present information to a variety of groups. Advanced VBA, SAS, or SQL skills required. Advanced Microsoft Excel skills required. Completes activities in a timely fashion with extreme accuracy and attention to details, both subtle and obvious. Ability to accomplish tasks accurately under pressure, determine priorities, and to meet deadlines. Ability to identify and define problems, design and then implement solutions, and further monitor results, in a continuous cycle. Knowledge of actuarial concepts and ability to employ established procedures required.

Competencies : Adaptability

Building Customer Loyalty

Building Strategic Work Relationships

Building Trust

Continuous Improvement

Contributing to Team Success

Planning and Organizing

Work Standards

Environment :

Work inside in a general office setting with ergonomically configured equipment. Travel is required approximately 5% of the time.

Skills :

Accountability, Collaboration, Communication (written / verbal), Flexibility, Listening (active), Organizational skills / Planning and Organization, Problem Solving, 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 :

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.