Job Details

Senior Actuarial Associate

Job ID 1035

  • Oakland, CA, 94577
  • Fulltime
  • 1 - 5 years experience
  • 50000 - 60000 Annual
  • 26/07/2017
  • Accounting, Finance
  • 1 of Openings
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Job description

 Provide actuarial services to develop best-practice actuarial models and promote implementation Program-wide. Maintain accountability for the development of the organization's rate structure, maintenance of adequate reserves, and development of new products. Provide data/analytic expertise to support actuarial services including financial reporting, trend analysis, utilization studies, rate development and claims liability estimates.

 

Responsibilities

  • Essential Functions:

    • Evaluates product line performance and the risk and appropriateness of assumptions used in product development.
    • Initiates and designs high priority primary research activities on behalf of clients.
    • Addresses opportunities for process improvements and influencing change.
    • Works on projects that require more complex planning and direction setting with diverse and multiple stakeholders.
    • Analyzes the financial risks for various asset/liability matching scenarios and monitors the appropriateness of reserves.
    • Serves as an expert on the current health care market.
    • Helps identify key gaps in knowledge and needed research for Program and Regions.
    • Guides clients away from redundant, non-strategic, cost-ineffective research.
    • Sets priorities for all ad-hoc projects and analyses with key clients.
    • Assists clients in strategic planning, marketplace analysis, estimating growth potential, product research, image and reputation analysis, brand building, and service performance and improvements.
    • Makes initial determinations on reserves, dividend allocations, and surplus forecasts.

    Experience

    • Five (5) years of actuarial experience.

    Education

    • Bachelor's degree in mathematics, statistics, computer science. License, Certification, Registration
    • Belongs to the Society of Actuaries with the designation of ASA (Associate).

     Additional Requirements:

    • Ability to manage large, complex projects and oversee multiple projects at the same time.
    • Ability to apply advanced actuarial methodologies and their applications to solve business problems.
    • Ability to apply advanced principles, theories, and concepts and explain to clients.
    • Strong familiarity with the internal and external statistical plans and sources of data, and the use of spreadsheet applications.
    • Must be able to work in a Labor/Management Partnership environment.

    Preferred Qualifications:

    • Experience in both actuarial and business operations preferred.

     

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