Associate Actuary
Posted on: 19 Feb 2021
Louisville, KY
Job Description
Description
The Associate Actuary, Valuation is responsible for estimates of reserves required for unpaid claim liability, including incurred but not reported (IBNR) reserves for the Commercial segment fully insured and ASO/Stop loss products. The Associate Actuary, Valuation will also assist with the development of premium deficiency reserve estimates, seasonality factors, and other actuarial items that ought to be established for all Humana lines of business. The Associate Actuary, Valuation work assignments involve moderately complex to complex issues where the analysis of situations or data requires an in-depth evaluation of variable factors.
Responsibilities
The Associate Actuary, Valuation partners with Corporate Finance for internal & statutory reporting, supports the Appointed Actuary in development of the Actuarial Opinions and Actuarial Memorandums, and assists with actuarial reserves and risk control aspects of state Department of Insurance examinations. The Associate Actuary, Valuation begins to influence departments strategy, makes decisions on moderately complex to complex issues regarding technical approach for project components, and work is performed with limited direction while exercising considerable latitude in determining objectives and approaches to assignments.
This position will report to a Lead Actuary in Corporate Actuarial Valuation and will have significant exposure to Humanas Appointed Actuary and Chief Actuary.
Required Qualifications
* Bachelor's degree
* ASA or FSA designation
* Meets the basic education requirements for issuing statements of actuarial opinion (SOAs)
* 3 or more years of actuarial work experience
* Meets requirements for Humanas Actuarial Professional Development Program (APDP)
* Must be passionate about contributing to an organization focused on continuously improving consumer experiences
* Strong communication skills
* Ability to translate technical issues for non-Actuarial audiences
Preferred Qualifications
* 3 or more years of relevant health-related actuarial work experience
* 3 or more years of experience with relevant technical skills (Excel, SQL, SAS, VBA, etc.)
* Humana specific or Line of Business knowledge
* Independent consulting ability
* Ability to think holistically through a project
* Life and Health industry knowledge
Additional Information
Candidates selected to move forward in the process will be asked to complete a Modern Hire Assessment.
Scheduled Weekly Hours
40
Humana
Louisville, KY
Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. The company offers medical and supplemental benefit plans to individuals. It also has contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.
In addition, the company provides commercial fully-insured medical and specialty health insurance benefits comprising dental, vision, and other supplemental health and voluntary insurance benefits; financial protection products; and administrative services only products to individuals and employer groups, as well as military services, such as TRICARE South Region contract.
Further, it offers pharmacy solutions, provider services, predictive modeling and informatics services, and clinical care services, such as home health and other services to its health plan members, as well as to third parties. As of December 31, 2018, the company had approximately 17 million members in medical benefit plans, as well as approximately 6 million members in specialty products. Humana Inc. was founded in 1961 and is headquartered in Louisville, Kentucky.
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IndustryHealthcare
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No. of Employees41,600
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Website
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Jobs Posted1359
