Health Actuary
Job Location:
Austin, TX - USA
Yearly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Requisition ID: req1418
Employment Type: Unclassified Regular Full-Time (URF)
Division: Health Actuarial
Compensation:$133110.00 - 166387.00 Annual Salary
Job Closing: 8/30/2026 11:59pm CT
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin Texas 78723
United States
WHO WE ARE:
With the Health Division youll be joining a passionate team of self-motivated change agents united by our mission: driving to design the delivery of high-quality healthcare for nearly three-quarters of a million active and retired Texas public educators.
The healthcare industry is complex and were a team of problem-solvers who are up for the challenge. With a focus on innovation and collaboration to catalyze the market we spend more than $4 billion annually on healthcare to make a difference in our members lives. With a career at TRS youll be empowered through a culture of continuous learning front-line decision-making coaching and mentorship to shape the future of our work while transforming healthcare delivery for 1 in 41 Texans.
The Health Actuary is responsible for performing actuarial analysis. The incumbent will serve as the owner of assigned actuarial models evaluate the financial impact of benefit enrollment funding and healthcare cost changes and provide recommendation to stakeholders. This position will proactively work with the actuarial team other Health staff and agency employees.
This is a hybrid position at our Austin TX headquarters. All applicants must reside in the state of Texas upon employment and continue to reside in Texas throughout employment with TRS.
WHAT YOU WILL DO:
Actuarial Analysis and Modeling
Owns actuarial models key analyses assumptions and recurring deliverables for assigned health actuarial workstreams.
Performs actuarial valuations forecasting experience studies trend analyses utilization studies and financial impact assessments.
Develops validates and enhances actuarial models used to evaluate healthcare costs enrollment projections benefit changes and funding requirements.
Performs sensitivity testing and scenario analysis to quantify financial risks and evaluate alternative strategies.
Reviews data sources identifies anomalies and ensures the completeness accuracy and reliability of actuarial analyses.
Documents model methodologies assumptions processes limitations and results to support transparency and auditability.
Refines assumptions run scenarios interpret model results and document methods rationale limitations and impacts.
Develops rates for self-funded active and retired populations.
Determines the impact of plan design and benefit changes on enrollment utilization and health care costs.
Prepares statutory and legislative reports related to health care benefit programs.
Develops data for reporting and analysis for all TRS health benefit programs.
Analyzes data to identify emerging trends.
Maintains and updates IBNR models.
Researches benefit costs and suggest ways of controlling health care spending.
Develops reports to help monitor the status of Accountable Care Organizations value-based arrangements and other TRS initiatives.
Reviews actuarial work performed by others.
Financial Analysis and Reporting
Develops and updates financial models to evaluate the value of proposals for TRS-Care and TRS-ActiveCare services.
Assists with the development of fund balance projections for TRS-Care and TRS-ActiveCare.
Reviews and analyzes statistical and financial reports including reports reflecting vendor credits rebates and refunds expected and received; and reports monitoring the financial status of TRS-Care and TRS-ActiveCare.
Develops financial models to evaluate the value of proposals for TRS-Care and TRS-ActiveCare services.
Actuary Recommendations
Provides actuarial expertise to management regarding financial risks program design alternatives and policy decisions.
Develops recommendations and presents analytical findings assumptions risks and alternatives to stakeholders.
Translates complex actuarial concepts into understandable business information for non-technical audiences.
Participates in stakeholder meetings and serves as a subject matter resource on assigned actuarial projects.
Supports decision-making through quantitative analysis and evidence-based recommendations.
Performs related work as assigned.
WHAT YOU WILL BRING:
Required Education
Bachelors degree from an accredited college or university in actuarial science finance mathematics economics statistics or related field.
Required Experience
Three (3) years of progressively responsible actuarial experience involving modeling forecasting financial analysis risk assessment or related experience.
Required Registration Certification Licensure
Associate of the Society of Actuaries (ASA) designation earned.
Preferred Qualifications
Advanced degree in actuarial science accounting finance mathematics statistics economics or a related field.
Experience in using statistical software tools and databases.
Four (4) years of experience in the healthcare industry insurance industry or employee benefits administration especially with large group plans.
Knowledge of
Principles practices and techniques associated with actuarial services health insurance administration and general accounting and auditing.
Skill in
Researching compiling and analyzing complex data including querying a claim data warehouse.
Completing detailed work with a high degree of accuracy.
Written and verbal communications including drafting and delivering complex correspondence reports presentations and proposals.
Utilizing a personal computer and various business software programs including Microsoft Word Excel and Outlook; including using spreadsheets for data analysis and presentation.
Ability to
Think critically analyze problems evaluate alternatives and recommend effective solutions.
Meet frequent and multiple deadlines manage conflicting priorities and demands and adapt to changes in schedules and assignments.
Establish and maintain harmonious working relationships with co-workers agency staff vendors and other external contacts and to work effectively in a professional team environment.
Military Occupational Specialty (MOS) Codes:
Veterans Reservists or Guardsmen with experience in the Military Occupational Specialty ( ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at with questions or for additional information.
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