Job details

Actuarial Analyst I - May 2025 Start Date

Job Summary:The Actuarial Analyst I is responsible for providing timely, accurate, and actionable data and analysis supporting the department, area, and corporate key initiatives.Essential Functions:• Develops actionable recommendations to management relative to all analysis• Calculates profitability reports on appropriate business segments• Performs regular and ad-hoc analysis to identify opportunities to improve efficiency and affordability• Performs regular and ad-hoc analysis/studies to evaluate assumptions used in other processes• Participates in cross functional teams to address key issues facing the organization• Prepares monthly calculation of the company's IBNR reserves• Evaluates government reimbursement process to determine areas of risk and opportunity• Participates in initiatives to improve operating results• Initiates key analysis to improve overall MLR results• Performs other duties as assignedEducation and Experience:• Bachelor's degree in actuarial science, mathematics, economics or a related field is required• Strong database (SAS or Access) experience is preferred• Managed Care or healthcare experience is preferredCompetencies, Knowledge and Skills:• Intermediate interpersonal/verbal communication skills and a high level of professionalism• Intermediate written communication skills• Intermediate ability to work independently and within a team environment• Intermediate ability to work in fast paced environment with changing priorities• Intermediate ability to remain calm under pressure• Intermediate proficiency level with Microsoft Excel• Intermediate proficiency with Microsoft Suite to include, Word, Power Point and Outlook• Basic ability to effectively present information and respond to questions from peers and management• Basic ability to analyze and interpret financial data in order to coordinate the preparation of financial records• Basic knowledge of SQL, SAS, R, or other data manipulation software• Effective problem-solving skills with attention to detail• Effective listening and critical thinking skillsLicensure and Certification:• A minimum of one exam passed under the Society of Actuaries Exam Syllabus is required; exam SRM via transition credit does not meet this requirement• Active pursuit of an actuarial designation (ASA) is requiredWorking Conditions:• General office environment; may be required to sit or stand for extended periods of timeCompensation Range:$60,300.00 - $96,500.00CareSource takes into consideration a combination of a candidate's education, training, and experience as well as the position's scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. We are highly invested in every employee's total well-being and offer a substantial and comprehensive total rewards package.Compensation Type (hourly/salary):SalaryOrganization Level Competencies• Create an Inclusive Environment• Cultivate Partnerships• Develop Self and Others• Drive Execution• Influence Others• Pursue Personal Excellence• Understand the BusinessThis job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an inclusive environment that welcomes and supports individuals of all backgrounds.

Average salary estimate

$78400 / YEARLY (est.)

min

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$60300K

$96500K

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What You Should Know About Actuarial Analyst I - May 2025 Start Date, CareSource

Are you ready to take your career as an Actuarial Analyst I to the next level? At CareSource, located in the heart of Dayton, OH, we’re on the lookout for enthusiastic individuals who are excited to contribute to actionable data analysis that drives key initiatives. As an Actuarial Analyst I, you’ll dive into profitability reports, analyze operational efficiencies, and evaluate crucial assumptions that shape our business strategies. You’ll be collaborating with cross-functional teams, preparing detailed calculations for our Incurred But Not Reported (IBNR) reserves, and identifying risks and opportunities in the realm of government reimbursement processes. We’re not seeking just anyone; we’re looking for a proactive problem-solver with a bachelor’s degree in actuarial science, mathematics, or a related field, along with strong skills in databases like SAS or Access. If you can communicate effectively, both verbally and in writing, and thrive in a fast-paced environment, we want to hear from you! Your journey towards a rewarding career starts here, where you can make a meaningful impact while pursuing your actuarial designation. Join us, and let’s create a better tomorrow together!

Frequently Asked Questions (FAQs) for Actuarial Analyst I - May 2025 Start Date Role at CareSource

What are the responsibilities of an Actuarial Analyst I at CareSource?

As an Actuarial Analyst I at CareSource, your primary responsibilities include conducting profitability analyses, performing ad-hoc evaluations to enhance operational efficiency, collaborating with different teams to tackle organizational challenges, and calculating IBNR reserves. You'll also have the opportunity to analyze financial data and initiate improvements that can positively impact the company's outcomes.