Associate Actuary, Valuation

Employment Type: Full time Location Type: Remote Salary: $106,900 - $147,000 per year

Position Overview

Become a part of our caring community and help us put health first. 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. Work assignments involve moderately complex to complex issues where the analysis of situations or data requires an in-depth evaluation of variable factors.

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.

Responsibilities

• Responsible for 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.
• Assist 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.
• Partner with Corporate Finance for internal & statutory reporting.
• Support the Appointed Actuary in the development of the Actuarial Opinions and Actuarial Memorandums.
• Assist with actuarial reserves and risk control aspects of state Department of Insurance examinations.
• Begin to influence department’s strategy and make decisions on moderately complex to complex issues regarding the technical approach for project components.
• Work is performed with limited direction while exercising considerable latitude in determining objectives and approaches to assignments.

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.

Scheduled Weekly Hours

40 hours per week.

Bonus Incentive Plan

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

Description of 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.