Humana

Associate Actuary

San Antonio, Texas, United States

Humana Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Health InsuranceIndustries

Requirements

Candidates must possess a Bachelor’s degree and have achieved the Associate of Society of Actuaries (ASA) designation, meeting the eligibility requirements for Humana’s Actuarial Professional Development Program (APDP). Strong communication skills and knowledge of medical insurance, particularly Medicare Advantage, are required.

Responsibilities

The Associate Actuary, Analytics/Forecasting analyzes and forecasts financial, economic, and other data to provide accurate and timely information for strategic and operational decisions, establishing metrics and providing data analyses to support business intelligence. They evaluate industry trends and forecast the organization’s financial position, ensuring data integrity through process development and controls. This role collaborates with stakeholders to understand business needs, troubleshoot problems, and develop cost-effective resolutions for data anomalies, beginning to influence department strategy and making decisions on complex technical approaches while exercising considerable latitude in determining objectives and approaches to assignments.

Skills

Actuarial Analytics
Data Analysis
Forecasting
Financial Modeling
Data Integrity
Root Cause Analysis
Business Intelligence
Stakeholder Collaboration
Problem Solving

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.

Key Metrics

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