Associate Actuary

Job Summary

Employment Type: Full time

Become a part of our caring community and help us put health first.

Responsibilities

The Associate Actuary, Valuation is responsible for:

• 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.
• Estimates of reserves required for unpaid claim liability, including incurred but not reported (IBNR) reserves for all Humana Insurance lines of business, with a primary focus on Medicaid.
• Assisting 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.
• Partnering with Corporate Finance for internal & statutory reporting.
• Supporting the Appointed Actuary in development of the Actuarial Opinions and Actuarial Memorandums.
• Assisting with actuarial reserves and risk control aspects of state Department of Insurance examinations.

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.

The Associate Actuary, Valuation begins to influence department’s 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 an Actuary in Corporate Actuarial Valuation and will have significant exposure to Humana’s Appointed Actuary and Senior Leaders throughout the Finance Org.

Use your skills to make an impact.

Required Qualifications

• 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

• 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.)
• 1 or more years of experience with health insurance valuation topics
• Independent consulting ability
• Ability to think holistically through a project

Travel

While this is a remote position, occasional travel to Humana's offices for training or meetings may be required.

Schedule

Scheduled Weekly Hours: 40

Pay Range

$106,900 - $147,000 per year

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off.