Actuary
Steadily$120,000 - $160,000/year
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, InsuranceIndustries
Requirements
- Bachelor's Degree
- ASA or FSA designation
- Member of the American Academy of Actuaries
- Meets the basic education requirements for issuing statements of actuarial opinion (SOAs)
- 3 or more years of actuarial work experience
- 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
- 5 or more years of relevant health-related actuarial work experience
- 1 or more years of experience with health insurance valuation topics
- Independent consulting ability
- Ability to think holistically through a project
Responsibilities
- Estimates of short term and long term reserves required for unpaid claim liability, active life reserves, and other actuarial items that ought to be established, appropriate margins, and premium deficiency reserves for monthly, quarterly, and annual financial statement reporting
- Works on problems of diverse scope and complexity ranging from moderate to substantial
- Partners with Finance for internal & statutory reporting
- Completes asset adequacy testing in support of the Actuarial Opinions and Actuarial Memorandums for the Appointed Actuary
- Handles actuarial reserves and risk control aspects of state Department of Insurance examinations, external auditors, and internal auditing of reserves and liabilities
- Advises executives to develop functional strategies (often segment specific) on matters of significance
- Exercises independent judgment and decision making on complex issues regarding job duties and related tasks, and works under minimal supervision
- Uses independent judgment requiring analysis of variable factors and determining the best course of action
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary range for the Actuary, Valuation position?
The starting base pay range is $129,300 - $177,800 per year, which may vary based on geographic location, skills, knowledge, experience, education, and certifications.
Is this a remote position, and is travel required?
This is a remote position, but occasional travel to Humana's offices for training or meetings may be required.
What are the required qualifications for this role?
Candidates must have a Bachelor's Degree, ASA or FSA designation, membership in the American Academy of Actuaries, meet SOA education requirements, and 3+ years of actuarial work experience, plus strong communication skills.
Are there any benefits offered with this position?
Humana offers competitive benefits that support whole-person well-being for associates.
What makes a strong candidate for this Actuary, Valuation role?
Strong candidates will have 5+ years of health-related actuarial experience, 1+ year in health insurance valuation, independent consulting ability, and the ability to think holistically through projects, in addition to required qualifications.
Humana
Health insurance provider for seniors and military
About Humana
Humana provides health and well-being services, focusing on Medicare Advantage plans for seniors, military personnel, and communities. Their plans include HMO, PPO, and PFFS options, designed to improve health outcomes through comprehensive and flexible coverage. Humana's revenue comes from government contracts and member premiums, and they aim to maintain high renewal rates by offering quality service and competitive benefits. The company stands out by fostering a culture of inclusivity and belonging among its employees, while also ensuring accessibility for all members, including offering free language interpreter services. Humana's goal is to deliver value to its members through an extensive provider network and innovative health solutions.
Louisville, KentuckyHeadquarters
1961Year Founded
IPOCompany Stage
Social Impact, HealthcareIndustries
10,001+Employees