Associate Actuary

San Antonio, Texas, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Healthcare, InsuranceIndustries

Requirements

Candidates must possess a Bachelor's degree, the Associate of Society of Actuaries (ASA) designation, and meet eligibility requirements for Humana's Actuarial Professional Development Program (APDP). They should be members of the American Academy of Actuaries, possess strong communication skills, and have successfully completed at least 3 actuarial exams. Prior experience with coding languages like SAS and SQL, a background in Medicare Advantage or health insurance, and proficiency in developing reports and dashboards in Power BI are preferred.

Responsibilities

The Associate Actuary, Analytics/Forecasting will analyze and forecast financial, economic, and other data to support strategic and operational decisions, establishing metrics and performing business intelligence analyses. They will evaluate industry, economic, financial, and market trends to forecast the organization's financial and competitive position, ensuring data integrity through process development and controls. Responsibilities include pricing contracts, forecasting savings, handling ad-hoc analytical projects, troubleshooting data anomalies, conducting root cause analysis, and developing cost-effective resolutions. The role involves influencing department strategy and making decisions on technical approaches for project components.

Skills

Analytics

Forecasting

Financial Analysis

Economic Analysis

Data Analysis

Business Intelligence

Pricing

Data Integrity

Root Cause 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.

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