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Actuarial Analyst

companyMVP Health Care
locationSchenectady, NY, USA
PublishedPublished: 6/14/2022
Full Time

Job Description

Actuarial Analyst

Headquarters Office, 625 State Street, Schenectady, New York, United States of America

  • Rochester Office, 20 S. Clinton Ave, Rochester, New York, United States of America
  • Virtual Req #1853

    Thursday, February 15, 2024

    Over 35 years strong and fueled by 1,700 smart, passionate employees across New York state and Vermont, MVP is full of opportunities to grow. We are a nationally recognized, award-winning leader for a reason. The beating heart of our company is a wide range of employees from a diverse set of backgrounds-tech people, numbers people, even people people-working together to make health insurance better. If you are ready to join a thriving, mission-driven company where you can create your own opportunities and make a positive difference-it's time to make a healthy career move to MVP!

    The Actuarial Analyst will support the functions/tasks of the Actuarial Department.

    The functions include any of following:

    • Premium rate development and regulatory filings
    • Financial forecasting
    • Experience studies
    • Monthly reserve setting
    • Provider risk sharing analytics/contracting
    • Model development
    • Other duties as assigned.

    The individual will work to become proficient in use and knowledge of the Actuarial Datamart and other relevant company data sources / dashboards, Excel and SQL coding and other relevant languages needed.

    The Actuarial Analyst will be expected to continuously grow their knowledge of MVP's products and markets as well as knowledge of various MVP departments and relationship with other key employees outside the department.

    POSITION QUALIFICATIONS

    Minimum Education:

    • Bachelor's degree in Actuarial Science, Finance, Statistics, Mathematics or related field that supports analytical problem-solving skills.
    • Associate, Society of Actuaries (ASA) preferred.

    Minimum Experience:

    • 2-3+ years of actuarial, business analytics, financial analysis or relevant experience .
    • Medicare experience preferred.
    • 3-4 Actuary Exams (taken and passed) preferred.

    Required Skills:

    • Demonstrates broad understanding of health insurance products and markets and core functions of health insurance company.
    • Ability to prioritize multiple tasks and work in time-sensitive environment.
    • Ability to work independently as well as work effectively as a member of a team.
    • Demonstrated problem-solving and analytical abilities.
    • Demonstrated effective oral and written communication skills.
    • Knowledge of Microsoft Excel, SQL, PowerBI, and Word.

    About MVP

    MVP Health Care is a nationally recognized, not-for-profit health insurer caring for members in New York and Vermont. Committed to the complete well-being of our members and the communities we serve, MVP makes health insurance more convenient, more supportive, and more personal. We are powered by the ideas and energy of more than 1,700 diverse employees from all backgrounds, committed to having a positive impact on the health and wellness of everyone we serve.

    At MVP, we are committed to providing competitive employee compensation and benefits packages. The base pay range provided for this role reflects our good faith compensation estimate at the time of posting. Specific employment offers and associated compensation will be made individually based on several factors , including but not limited to geographic location ; relevant experience, education, and training; and the nature of and demand for the role.

    In addition, we offer a comprehensive benefits package that includes:

    • Considerable paid time away from work including PTO (Paid Time Off), s ick t ime, service t ime o ff, p aid h olidays, and f loating h olidays , allowing you to take time off when it suits you best.
    • Competitive 401(k) employer matching and profit-sharing program to help you save for your retirement.
    • Low premium health benefits including medical, dental, and vision coverage to support your well-being and that of your family.
    • Life insurance and disability coverage to ensure financial security for you and your dependents.
    • An array of optional benefit plans such as accident insurance and specified disease coverage to protect you from the unexpected.
    • Full tuition reimbursement (up to the IRS limit) for approved courses and programs that support continuous learning.
    • A best-in-class employee Well-Being program to support all dimensions of your health and wellness.

    MVP Health Care analyzes the latest market data to determine employee compensation. Compensation figures listed in a job posting are subject to change as new market data becomes available. The salary range, other compensation, and benefits information is accurate as of the date of this posting. MVP Health Care reserves the right to modify this information at any time, subject to applicable law. More detailed information about total compensation and benefits will be provided during the hiring process.

    MVP Health Care is an Affirmative Action/ Equal Employment Opportunity (PDF). We recruit, employ, train, compensate, and promote without regard to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, disability, genetic information, veteran status, or any other basis, e.g., Pay Transparency (PDF), and the Know your Rights protected by applicable federal, state or local law. Any person with a disability needing special accommodations to the application process, please contact Human Resources at hr@mvphealthcare.com

    Please apply and learn more - including how you may become a proud member of our team.

    Other details

    • Job Family Actuarial
    • Pay Type Salary
    • Min Hiring Rate $95,748.00
    • Max Hiring Rate $124,889.00
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