Associate Actuary at Humana

San Antonio, Texas, United States

Humana Logo
Not SpecifiedCompensation
Entry Level & New Grad, Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, HealthcareIndustries

Requirements

Candidates must possess a Bachelor’s degree and be in the process of obtaining the Associate of the Society of Actuaries (ASA) designation, or hold a Master of Actuarial Affairs (MAAA). Strong communication skills are required, along with a passion for contributing to an organization focused on continuously improving consumer experiences.

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, economic, financial, and market trends to forecast the organization's financial position, ensures data integrity by developing processes and controls, collaborates with stakeholders to understand business needs and troubleshoots data anomalies, and begins to influence department strategy. The role involves working with various data requests and performing valuations to inform financial strategy related to the Medicare Advantage line of business.

Skills

Actuarial Analysis
Forecasting
Data Analysis
Data Integrity
Communication
Problem Solving
Valuation
Financial Modeling
Medicare Advantage

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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