[Remote] Associate Actuary at Humana

San Antonio, Texas, United States

Humana Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Health Insurance, Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

Actuarial valuationReserve estimationUnpaid claim liabilityIBNR reservesPremium deficiency reservesFinancial statement reportingMedicaidActuarial opinionsActuarial memorandumsRisk controlData analysis

Questions & Answers

Common questions about this position

What is the salary range for the Associate Actuary position?

The pay range is $106,900 - $147,000 per year for full-time (40 hours) employment.

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 need a Bachelor's Degree, ASA or FSA designation, membership in the American Academy of Actuaries, meeting SOA education requirements, 3+ years of actuarial work experience, passion for improving consumer experiences, strong communication skills, and ability to translate technical issues for non-actuarial audiences.

What is the work environment like at Humana for this role?

The role involves moderately complex to complex issues with limited direction, significant exposure to the Appointed Actuary and Senior Leaders in Finance, and a focus on contributing to an organization improving consumer experiences in a caring community.

What makes a strong candidate for the Associate Actuary role?

Strong candidates will have the required ASA/FSA designation and 3+ years of actuarial experience, plus preferred qualifications like health-related actuarial experience, skills in Excel/SQL/SAS/VBA, health insurance valuation knowledge, independent consulting ability, and holistic project thinking.

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

Risks

Potential over-reliance on AI could disrupt operations if systems fail or are compromised.
Rising medical costs and tightening Medicare reimbursements may strain financial performance.
Leadership change with new CEO Jim Rechtin could lead to strategic disruptions.

Differentiation

Humana is a leader in Medicare Advantage plans, focusing on seniors and military personnel.
The company emphasizes inclusivity, offering free language interpreter services for accessibility.
Humana leverages AI and cloud technologies through a partnership with Google Cloud.

Upsides

Humana's investment in Healthpilot enhances digital enrollment for Medicare options.
The company is the first insurer to cover TMS therapy for adolescent depression.
Humana's focus on value-based care aims to improve outcomes for kidney disease patients.

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