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.
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