Associate Actuary

San Antonio, Texas, United States

Apply with AI Apply

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Health Insurance, Financial ServicesIndustries

Requirements

Candidates must possess a Bachelor's degree and hold an ASA or FSA designation, along with membership in the American Academy of Actuaries. They must also meet the basic education requirements for issuing statements of actuarial opinion and have at least 3 years of actuarial work experience. Strong communication skills and the ability to translate technical issues for non-actuarial audiences are essential. Preferred qualifications include 3 or more years of relevant health-related actuarial work experience, 3 or more years of experience with technical skills like Excel, SQL, SAS, or VBA, and 1 or more years of experience with health insurance valuation topics.

Responsibilities

The Associate Actuary, Valuation is responsible for estimating short-term and long-term reserves for unpaid claim liability, active life reserves, and other actuarial items for financial statement reporting, with a primary focus on Medicaid. They will assist with premium deficiency reserve estimates and seasonality factors for all Humana lines of business. This role involves partnering with Corporate Finance for reporting, supporting the Appointed Actuary with actuarial opinions and memorandums, and assisting with actuarial reserves and risk control during state Department of Insurance examinations. The Associate Actuary, Valuation will influence department strategy and make decisions on technical approaches for project components with limited direction.

Skills

Actuarial valuation

Reserve estimation

Unpaid claim liability

IBNR reserves

Premium deficiency reserves

Financial statement reporting

Medicaid

Actuarial opinions

Actuarial memorandums

Risk control

Data analysis

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.

Land your dream remote job 3x faster with AI

Try Jobo Free