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Actuarial Analyst, Analytics/Forecasting

Become a part of our caring community and help us put health firstThe Actuarial Analyst 2, Analytics/Forecasting analyzes and forecasts financial, economic, and other data to provide accurate and timely information for strategic and operational decisions. Establishes metrics, provides data analyses, and works directly to support business intelligence. The work assignments are varied and frequently require interpretation and independent determination of the appropriate courses of action.The Actuarial Analyst 2, Analytics/Forecasting ensures data integrity by developing and executing necessary processes and controls around the flow of data. The role will require collaboration with stakeholders to understand business needs/issues, troubleshooting problems, and explaining the results of complex analysis to non-actuarial audiences.One should understand department, segment, and organizational strategy and operating objectives, including their linkages to related areas. One will make decisions regarding their own work methods, occasionally in ambiguous situations, with minimal direction and receiving guidance where needed. The analyst should follow established guidelines/procedures, while also looking for opportunities to improve methods and efficiency.Specific role responsibilities include valuation of changes to provider networks, targeted contracting, member retention studies, collaborating with physician network and market strategy teams and scorecard contributions and presentations.Use your skills to make an impactRequired Qualifications- Bachelor's Degree- Successful completion of at least 3 actuarial exams- Strong communication skills- Must be passionate about contributing to an organization focused on continuously improving consumer experiencesPreferred Qualifications- Working knowledge of SASLocation Preference- Louisville, KY (Remote or Office)Scheduled Weekly Hours40Pay RangeThe compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$78,800 - $108,500 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.Description of BenefitsHumana, Inc. and its affiliated subsidiaries (collectively, "Humana") offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.About usHumana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.Equal Opportunity EmployerIt is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or veteran status. It is also the policy of Humana?to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.
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What You Should Know About Actuarial Analyst, Analytics/Forecasting, Humana

Join Humana Inc. as an Actuarial Analyst 2 in Analytics/Forecasting, where you can really make a difference in the health sector! This role is all about analyzing and forecasting critical financial and economic data to help drive strategic decisions across the company. You will be responsible for establishing important metrics, performing detailed data analyses, and contributing to the overall business intelligence initiatives. In this position, you’ll collaborate closely with various stakeholders to grasp business needs and troubleshoot any data-related issues, while also breaking down complex analyses for those who may not have an actuarial background. Your ability to interpret data accurately and ensure its integrity will be crucial, particularly as you develop and implement processes to control data flow. Embrace the opportunity to enhance provider networks, engage in studies on member retention, and work alongside both the physician network and market strategy teams. We value innovation, so you’ll have the chance to suggest improvements and streamline operations. To excel in this role, you should have a solid foundation in actuarial principles, demonstrated by a Bachelor’s Degree and at least three completed actuarial exams. Strong communication skills and a passion for enhancing consumer experiences will set you apart. Ideally, you should also be somewhat familiar with SAS. So if you’re ready to put your skills to good use and be part of a passionate community dedicated to health, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Actuarial Analyst, Analytics/Forecasting Role at Humana
What are the main responsibilities of the Actuarial Analyst 2 at Humana?

As an Actuarial Analyst 2 in Analytics/Forecasting at Humana, you'll be tasked with analyzing and forecasting critical financial and economic data. This involves establishing metrics, performing data analyses, and contributing significantly to business intelligence efforts. You'll also ensure data integrity through the development of robust processes and controls while collaborating with stakeholders to resolve data-related issues and communicate results effectively.

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What qualifications are required for the Actuarial Analyst position at Humana?

To qualify for the Actuarial Analyst 2 position at Humana, candidates must hold a Bachelor’s Degree and have successfully completed at least three actuarial exams. Strong communication skills are essential, and a passion for improving consumer experiences is highly valued. Familiarity with SAS is preferred but not mandatory.

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How does the Actuarial Analyst support business decisions at Humana?

The Actuarial Analyst 2 at Humana supports business decisions by providing insightful analyses of financial and economic data, allowing leadership to make more informed strategic choices. Your work in valuation, targeted contracting, and member retention studies enables better decision-making regarding changes to provider networks and collaboration across teams.

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What skills are necessary for succeeding in the Actuarial Analyst role at Humana?

To thrive as an Actuarial Analyst 2 at Humana, you need strong analytical and problem-solving skills to interpret data accurately. Effective communication is crucial to explain complex analyses to non-actuarial audiences. Additionally, adaptability in working independently in ambiguous situations while seeking opportunities for efficiency improvements will be important.

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What is the work environment like for the Actuarial Analyst at Humana?

The work environment for the Actuarial Analyst 2 at Humana is collaborative and supportive. You'll have the opportunity to work with various stakeholders across the organization, contributing to a mission-focused community that emphasizes health and wellness while also fostering individual growth and development.

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Common Interview Questions for Actuarial Analyst, Analytics/Forecasting
Can you explain your experience with data analysis as an Actuarial Analyst?

In your response, provide specific examples of projects you've worked on that involved data analysis. Discuss the tools and methodologies you used, such as SAS or Excel, and the impact your analyses had on decision-making processes.

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How do you ensure data integrity in your analyses?

Discuss the processes and controls you've developed or implemented to validate data accuracy. Provide examples of checks or methodologies you've employed in past roles to maintain data integrity and how that has benefited your projects.

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Describe a time when you had to present complex information to a non-technical audience.

Share a specific instance where you successfully communicated complex actuarial concepts to stakeholders without a technical background. Highlight your approach to simplifying the information while ensuring clarity and understanding.

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What strategies do you use to prioritize your workload?

Outline your approach to prioritizing tasks based on deadlines and the impact of the analyses. You can mention tools or methodologies you use, such as time management frameworks or project management tools, to stay organized.

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How do you approach collaboration with stakeholders?

Describe your collaborative process when working with stakeholders. Mention how you gather requirements, keep open lines of communication, and ensure their needs are met throughout the analytical process.

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What challenges have you faced in your actuarial work, and how did you overcome them?

Discuss a specific challenge you encountered related to data analysis or stakeholder engagement. Explain the steps you took to address it and the lessons learned that you carry forward into your work.

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How do you adapt to changes in data or business requirements?

Provide an example of a situation where you had to pivot quickly due to changing data or business requirements. Discuss your flexibility and problem-solving skills during that time to maintain project objectives.

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What tools and technologies are you proficient in that relate to actuarial analysis?

List the tools and technologies you're familiar with, such as SAS, R, or Excel, and explain how you've used them in your previous roles to enhance analytical work and support business intelligence efforts.

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Why do you want to work as an Actuarial Analyst at Humana?

Articulate your reasons for wanting to join Humana, emphasizing your alignment with the company's mission to put health first and how your skills can contribute to that goal. Show your passion for improving consumer experiences in health care.

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What do you consider the most important aspect of being an effective Actuarial Analyst?

Discuss the importance of strong analytical capabilities combined with effective communication skills in being an effective Actuarial Analyst. Highlight how both elements must work together to facilitate better decision-making and improve business outcomes.

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Since 1961, Humana has been committed to helping people live healthy and happy. Our approach is simple—offer personalized care from people who care. We do this by listening to our members and creating solutions to help them reach the best version ...

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Full-time, remote
DATE POSTED
December 11, 2024

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