Posted in Other 11 days ago.
Location: Salem, Oregon
Remote from Oregon, Washington, Idaho or Utah
Primary Job Purpose
The Associate Actuary leads and performs technical, analytical, reporting and support functions, collaborating with peers, management, and customers, to help the Cambia Actuarial and Healthcare Informatics departments and the company meet market and financial goals.
PCA is responsible for actuarial analytics supporting commercial provider negotiations and the commercial unit cost budget. PCA frequently collaborates with Network Management, Strategic Finance, Facets Operations, Sales, Healthcare Informatics, and our external provider partners to find solutions that enable provider success.
Cambia Actuarial and Healthcare Informatics includes over 100 actuaries, consultants, data analysts and statisticians who provide pricing, financial and statistical projections and analysis, risk evaluation, research and custom reporting for Cambia's health plans and customers in Idaho, Oregon, Utah, and Washington. We ensure our products are appropriately priced, our financial positions are appropriately stated and projected, and our leaders and customers are appropriately informed to make strategic decisions, reflecting the expected risk.
General Functions and Outcomes
Develops new methodologies; recommends methodology, assumptions, or process improvements to team management; may perform actuarial certification duties.
Presents results to customers; effectively develops and reviews written responses to complex regulator or customer questions.
Demonstrated success with personal and team project management; develops workplans and documentation.
Performs peer review of regular and ad hoc work products, following department and team quality assurance standards; understands risk level of work products; ensures compliance with applicable Actuarial Standards of Practice.
Effectively manages work and study time; actively manages own development plan.
Competencies and Knowledge:
Completed requirements for Associateship in the Society of Actuaries (ASA), or in process with equivalent actuarial experience.
Demonstrated analytical and problem-solving skills; displays curiosity.
Demonstrated knowledge of insurance company functions, operations, and data.
Effective verbal and written communications.
Ability to work independently and in teams, as appropriate, for complex projects with significant risk and financial impacts.
Demonstrated technology expertise with Microsoft Office Suite and coding (e.g., SQL, SAS, Alteryx).
Normally to be proficient in the competencies listed above:
The Associate Actuary would have a bachelor's degree in mathematics, actuarial science, statistics, economics, computer science or related discipline, and at least four years of increasingly responsible actuarial job experience, or an equivalent combination of education and experience.
Required Licenses, Certifications, Registration, Etc.
Travel may be required, either locally or out of state
May be required to work outside of normal business hours
The expected hiring range for a Associate Actuary is $107,000.00 - $145,000.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 15%. The current full salary range for this role is $100,500.00 to $164,000.00.
Base pay is just part of the compensation package at Cambia that is supplemented with an exceptional 401(k) match, bonus opportunity and other benefits. In keeping with our Cause and vision, we offer comprehensive well-being programs and benefits, which we periodically update to stay current. Some highlights:
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