The Actuarial Analyst I is a key member of the Finance management team whose responsibility is to conduct analyses to support Operations staff and Finance in developing actuarial models on pricing, medical cost analysis, reserving and financial planning.

KEY FUNCTIONS/RESPONSIBILITIES:

• Assist in the rate development through analyses of benefit design, rating factors, claims experience, and projection of future claim cost
• Assist in rate filings to Department of Insurance and prepares data for additional inquiry and requirements of the DOI
• Support analyses of regulatory mandates impact on the projected claim cost
• Assist in the preparation of risk adjustment analyses
• Participate in external and regulatory audits
• Assist in the development of preliminary reserve estimates for different block of business
• Prepare monthly accruals and timely trend analyses for different block of business
• Assist in developing analyses for financial forecasting , reforecast and other financial projections
• Assist in developing adhoc analytics including modeling of benefit scenarios. Utilizes statistical applications as necessary
• Responsible for supporting corporate initiatives/projects that require analysis of health plan data
• Run SAS programs and queries to extract data from database and review to ensure accuracy and validity of data

QUALIFICATIONS:

EDUCATION:

• Bachelor’s Degree in Mathematics, Actuarial Science, Finance, Economics or related field required

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 or more Actuarial exams preferred

COMPETENCIES, SKILLS, AND ATTRIBUTES:

• Working knowledge of MS tools, including MS Office products, MS Access, MS Project, SQL and SAS or other statistical software.  Should be proficient in Microsoft Excel.
• Ability to meet deadlines, multi-task, problem solve and use appropriate technology to analyze business problems. Project management skills a plus
• Strong communications skills, both verbal and written, are required

*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.

Required Skills Required Experience

+--------------------------------------------------------------------------+ | KNOWLEDGE, SKILLS, & ABILITIES | +--------------------------------------------------------------------------+ |   | | | | - Requires significant understanding of computer/software applications | | including Microsoft products (Excel, Word, PowerPoint, and Outlook) | | and Adobe. | | - Must participate in formal IBM Cognos administrator training. | | - Must participate in formal Tagetik administrator training. | | - Solid understanding of Generally Accepted Accounting Principles and | | practices, and budget preparation and administration. | | - Knowledge of computer applications to the budget process including | | Cognos, Tagetik, and Oracle is a plus. | | - Ability to learn Bi-State operations and develop analytical | | methodology and costing procedures. | | - Ability to recognize and solve problems effectively. | | - Experience in multiple project management. | | - Ability to work in an ever-changing environment. | | - Ability to work independently under pressure to meet deadlines. | | - Ability to formulate data gathering and prepare clear, | | concise reports. | | - Ability to prioritize, evaluate program effectiveness and handle | | concurrent multiple tasks. | | - Ability to establish and maintain effective working relationships | | with Agency management, federal, state, and local funding sources, | | and internal and external auditors. | | - Strong communication skills and interpersonal skills. | | - Strong analytical skills. | | | |   | +--------------------------------------------------------------------------+