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The manager leads the actuarial team in analyzing data to identify risks, establish premium rates, and provide liability estimates. They are responsible for mentoring staff, overseeing formal actuarial reporting, and designing studies related to medical care costs.
JOB DESCRIPTION
Job Summary
Leads and manages team responsible for actuarial function activities including extracting, analyzing, and synthesizing data from various sources to identify risks; also supports provision of liability estimates, premium rate establishment and financial analysis and reporting.
Essential Job Duties
• Hires, onboards, trains, mentors, manages and provides technical guidance and leadership to actuarial staff.
• Reviews reporting prepared by actuary team to assure consistency and appropriateness of methodologies used.
• Oversees the creation of actuarial opinions and other formal communications, such as state or federal reporting requirements.
• Designs and performs actuarial studies related to medical care costs and trends.
• Interprets results and recommends solutions to identified issues.
• Supports ad-hoc projects related to rate filings, new business development, financial projections, budgeting and acquisitions.
• Stays abreast of actuarial professional developments and industry trends.
Required Qualifications
• At least 7 years of actuarial experience, or equivalent combination of relevant education and experience.
• At least 1 year of management/leadership experience.
• Associate in Society of Actuaries (ASA) and Member of American Academy of Actuaries (MAAA).
• Bachelor’s degree in actuarial, mathematics, statistics, economics or related field.
• Demonstrated subject matter expertise in at least one actuarial function (pricing, reserving, risk adjustment, analytics, modeling, etc.)
• Ability to justify actuarial judgements with well- supported and/or well-reasoned arguments.
• Ability to provide insights to leadership based on actuarial review.
• Advanced understanding of statistics/predictive analytics.
• Demonstrated problem-solving skills.
• Strong critical-thinking and attention to detail.
• Strong time-management skills, and ability to manage simultaneous projects and tasks to meet internal deadlines.
• Strong verbal and written communication skills.
• Proficient in Microsoft Office suite products, including key skills in Excel (VLOOKUPs and pivot tables), and applicable software program(s) proficiency.
To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V
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