Sr Actuarial Analyst

Job Title: Actuarial Analyst

Job Location: Newark, NJ(hybrid)

Job type: Full Time

Job Summary:

• This is the senior level analyst position within Actuarial department. Design and perform analytical studies related to Trend Analysis, Prescription Drugs Analysis and "Standard Provider Arrangement" analysis.
• Design, perform or support trend analysis
• Design, perform or support actuarial pricing and activities related to annual fillings
• Collect and analyze data to use for financial and utilization analysis, reporting, and monitoring (including IBNR)
• Develop or support the development of pricing models and support pricing requests which may include rate filings, benefit adjustment factors, fee schedule analysis, new product pricing, etc.
• Partner with internal and external customers to develop creative solutions and strategies, uncover opportunities and minimize risks
• Provide insight to emerging cost trend, population risk, and variances to expected results
• Support corporate strategies and business plan development for membership growth & financial strength
• Lead meetings with business partners providing transparency in and an understanding of the actuarial analyses and results
• Lead, manage, develop and train less-experienced staff

Education/Experience:

• Requires a Bachelor's degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.
• Master's Degree within Statistics preferred
• Requires 5+ years of Actuarial and/or statistics experience
• Attainment of Associate level in the Society of Actuaries (ASA), or attainment of Fellowship level in the Society of Actuaries (FSA).
• Experience in Trend Analysis, Prescription Drugs Analysis and "Standard Provider Arrangement" analysis highly preferred

Knowledge/Skills:

• Computer skills: Word, Powerpoint as well as:
• expert knowledge of Excel is required,
• working knowledge of SAS or SQL is preferred,
• knowledge of Access and VBA is a plus
• Requires excellent oral and written communication skills
• Requires strong analytical thinking
• Requires strong mathematical skills and statistical analysis abilities
• Requires good judgment and problem solving skills
• Requires strong leadership skills
• Prefers working knowledge of Access or other database applications
• Experience with SAS or other programming languages
• Requires strong working knowledge of data analysis and Actuarial principles
• Requires in-depth knowledge of the healthcare industry