Actuarial Analyst

 Job Description:

***Positions posted by El Comeback are done on behalf of companies that we support in their search for candidates.***

Our client, Triple-S is looking for an Actuarial Analyst 

  • Applies knowledge of mathematics, probability and statistics to complete tasks and demonstrates sound financial acumen during the process.
  • Compile statistical data for a variety of projects such as monitoring monthly variance analysis reports, revenue forecasting, identifying medical trends and performing premium and membership trend analysis.
  • Gathers and prepares actuarial analysis based on information from internal and external sources.
  • Model, quantify, and value insurable risks faced by our company.
  • Draft reports documenting the methods, assumptions and results of our work with direct supervision of senior actuaries within the company.
  • Extracts and validates data as needed for applications and modeling reports.
  • Performs both routine and ad hoc actuarial and statistical analyses to estimate financial outcomes.
  • Calculate premiums for large new and renewing groups, individual products, and new products.
  • Estimate claims reserves and prepare reserve analysis and trend analysis. Develop rating factors and formulas for community, merit, and experience groups.
  • Assist with rate development for Medicare Advantage and HMO capitation. Determine rating factors for merit and experience group rating.
  • Analyze incurred claims and trend by coverage and line of business.
  • Collaborate with programmers, underwriters, Product Development, and senior management to help develop plans for acquiring new business or improving existing business.
  • Estimate the cost impact of proposed changes.
  • Provide reporting and analytical support to Finance Division, Sales and Marketing Division and Underwriting Department.
  • Other related task required by supervisor.

REQUIRED EDUCATION, TRAINING, and/or PROFESSIONAL EXPERIENCE

- Bachelors degree in Mathematics, Statistics, Finance or related discipline degree level with strong Mathematical background.

REQUIRED LICENSURE/CERTIFICATIONS

- Must have approved at least one actuarial test sponsored by the Society of Actuaries.

***El Comeback is a non-profit program from ConPRmetidos that attracts and retains professional talent for Puerto Rico-based jobs. Register at elcomebackpr.org/registration-form to get matched with professional opportunities on the island.***