WellSense Health Plan
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It’s an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.
Job Summary The Actuarial Analyst I is a key member of the Finance / Actuarial Services team. Under direct guidance and supervision, the Actuarial Analyst I applies knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for pricing, reserving, medical economics, financial forecasting, and/or healthcare data analytics. The Actuarial Analyst I works with a team of actuaries to assist with the actuarial components of health programs, and provides actuarial support to Finance, and/or other departments in the company.
Our Investment In You
Full‑time remote work
Competitive salaries
Excellent benefits
Key Functions/Responsibilities
Analyzes financial, statistical and mathematical data and performs actuarial calculations
Assists in the rate development through analyses of benefit design, rating factors, claims experience, regulatory mandates, admin allocation, and projection of future claim cost
Assists in regulatory rate filings, and prepares data or response for additional inquiries
Assists in the development of monthly IBNR reserve estimates for different line of business
Prepares monthly accruals and contract settlements for different line of business
Assists in financial budget, reforecast and other financial projections
Assists in risk adjustment analyses and risk score simulations
Supports trend development, trend drivers study, and/or provider contract analytics
Maintains established reports for internal needs and/or regulatory requirements
Participates in internal and external audits
Provides analytic support for corporate initiatives/projects
Executes SQL/SAS queries and programs to extract data from data warehouse, and reviews the data to ensure accuracy and validity
Is a participant in good standing in the Actuarial Student Program, and is committed to completing the Society of Actuaries education courses to attain the ASA or FSA designation
Qualifications Education
Bachelor’s Degree in Mathematics, Actuarial Science, Finance, Economics or related fields
Experience
At least 1 year of progressively responsible experience in actuarial analysis, data modeling, informatics and analysis
Commensurate educational experience in related field will be considered
Successful completion of at least 1 SOA actuarial exam, desired
Competencies, Skills, and Attributes
Working knowledge of MS Office products, SQL, and SAS or other statistical software
Should be experienced in Microsoft Excel
Ability to meet deadlines, multi-task, problem solve and use appropriate technology to analyze business problems
Ability to work collaboratively with team members and other departments
Good communications skills
Compensation Range $61,500 – $89,000
This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensure as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market‑competitiveness. In addition, WellSense offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family wellbeing.
Note: This range is based on Boston‑area data, and is subject to modification based on geographic location.
About WellSense WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high‑quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
WellSense participates in the E‑Verify program to electronically verify the employment eligibility of newly hired employees .
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It’s an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.
Job Summary The Actuarial Analyst I is a key member of the Finance / Actuarial Services team. Under direct guidance and supervision, the Actuarial Analyst I applies knowledge of mathematics, probability, statistics, and principles of business in order to provide assistance and technical support for pricing, reserving, medical economics, financial forecasting, and/or healthcare data analytics. The Actuarial Analyst I works with a team of actuaries to assist with the actuarial components of health programs, and provides actuarial support to Finance, and/or other departments in the company.
Our Investment In You
Full‑time remote work
Competitive salaries
Excellent benefits
Key Functions/Responsibilities
Analyzes financial, statistical and mathematical data and performs actuarial calculations
Assists in the rate development through analyses of benefit design, rating factors, claims experience, regulatory mandates, admin allocation, and projection of future claim cost
Assists in regulatory rate filings, and prepares data or response for additional inquiries
Assists in the development of monthly IBNR reserve estimates for different line of business
Prepares monthly accruals and contract settlements for different line of business
Assists in financial budget, reforecast and other financial projections
Assists in risk adjustment analyses and risk score simulations
Supports trend development, trend drivers study, and/or provider contract analytics
Maintains established reports for internal needs and/or regulatory requirements
Participates in internal and external audits
Provides analytic support for corporate initiatives/projects
Executes SQL/SAS queries and programs to extract data from data warehouse, and reviews the data to ensure accuracy and validity
Is a participant in good standing in the Actuarial Student Program, and is committed to completing the Society of Actuaries education courses to attain the ASA or FSA designation
Qualifications Education
Bachelor’s Degree in Mathematics, Actuarial Science, Finance, Economics or related fields
Experience
At least 1 year of progressively responsible experience in actuarial analysis, data modeling, informatics and analysis
Commensurate educational experience in related field will be considered
Successful completion of at least 1 SOA actuarial exam, desired
Competencies, Skills, and Attributes
Working knowledge of MS Office products, SQL, and SAS or other statistical software
Should be experienced in Microsoft Excel
Ability to meet deadlines, multi-task, problem solve and use appropriate technology to analyze business problems
Ability to work collaboratively with team members and other departments
Good communications skills
Compensation Range $61,500 – $89,000
This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensure as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market‑competitiveness. In addition, WellSense offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family wellbeing.
Note: This range is based on Boston‑area data, and is subject to modification based on geographic location.
About WellSense WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high‑quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
WellSense participates in the E‑Verify program to electronically verify the employment eligibility of newly hired employees .
#J-18808-Ljbffr