What are the responsibilities and job description for the Quantitative Financial Analyst position at UNITE HERE HEALTH?
UNITE HERE HEALTH serves 190,000 workers and their families in the hospitality and gaming industry nationwide. Our desire to be innovative and progressive drives us to develop impactful programs and benefits designed to engage our participants in managing their own health and healthcare. Our vision is exciting and challenging. Please read on to learn more about this great opportunity!
The Quantitative Financial Analyst collects and analyzes all types of data to uncover trends, forecast costs, answer questions, solve problems, model scenarios, and report results.
Essential Job Functions And Duties
Work Schedule (may vary to meet business needs): Monday~Friday, 7.5 hours per day (37.5 hours per week) with potential for hybrid work-from-home arrangement.
We reward great work with great benefits, including but not limited to: Medical, Dental, Vision, Paid Time-Off (PTO), Paid Holidays, 401(k), Pension, Short- & Long-term Disability, Life, AD&D, Flexible Spending Accounts (healthcare & dependent care), Commuter Transit, Tuition Assistance, and Employee Assistance Program (EAP).
The Quantitative Financial Analyst collects and analyzes all types of data to uncover trends, forecast costs, answer questions, solve problems, model scenarios, and report results.
Essential Job Functions And Duties
- Create and maintain tools for each plan unit to project income and costs and set future contribution rates
- Apply statistical theory and methods to analyze and project future cost trends
- Create models from Fund data to estimate impact of demographic changes, seasonal patterns, adverse selection, and other potential risks
- Develop models and techniques to assess impact of complex benefit and eligibility rule changes
- Develop models to assist Executive Leadership and Trustees in making business decisions on Health Centers and other proposed courses of action
- Develop models to assist other departments manage work and staffing
- Create multi-year projections of income, costs, and reserves
- Estimate claims incurred but not reported (IBNR) and other financial obligations
- Conduct special studies to answer specific business questions
- Project COBRA rates for all plan units
- Create Plan Unit level financial reports
- Review vendor renewals and assess financial impact
- Create and implement process improvements within department and help other teams find efficiencies with new tools, templates, macros, or procedures as needed
- Demonstrates the Fund’s Diversity and Inclusion (D&I) principles in their conduct at work and contributes to a safe inclusive culture with equitable opportunities for success and career growth
- 2-4 years of related experience minimally
- Experience in applied numerical methods such as Internal Rates of Return, Cash Flow forecast, Net Present Value, and Regression
- Familiarity or experience with medical/pharmacy claims
- Familiarity with group insurance concepts and costing
- Knowledge of accounting principles and familiarity with financial statements
- Bachelor's degree in Mathematics, Actuarial Science, Statistics, Finance or another related quantitative field
Work Schedule (may vary to meet business needs): Monday~Friday, 7.5 hours per day (37.5 hours per week) with potential for hybrid work-from-home arrangement.
We reward great work with great benefits, including but not limited to: Medical, Dental, Vision, Paid Time-Off (PTO), Paid Holidays, 401(k), Pension, Short- & Long-term Disability, Life, AD&D, Flexible Spending Accounts (healthcare & dependent care), Commuter Transit, Tuition Assistance, and Employee Assistance Program (EAP).
Salary : $72,600 - $90,800
