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Actuarial Analyst II

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Who We Are

Point32Health is a leading health and wellbeing organization, delivering an ever-better personalized health care experience to everyone in our communities. At Point32Health, we are building on the quality, nonprofit heritage of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care, where we leverage our experience and expertise to help people find their version of healthier living through a broad range of health plans and tools that make navigating health and wellbeing easier.

We enjoy the important work we do every day in service to our members, partners, colleagues and communities.

Job Summary

Point32Health is currently seeking highly motivated individuals to join our organization. The Actuarial Analyst II will be responsible for developing and filing rates, enhancing forecasting, trend, and pricing models, monitoring and reporting on experience and industry data, performing multi-year projections, and presenting findings.

This is an analytical and technical position in which the analyst must be able to perform independently and execute all the analytical and technical tasks required to take a project from inception to conclusion. This role will work closely with one or more Point32Health departments including Underwriting, Finance, Sales, Legal and Government Affairs, and Network Contracting.

This role requires an understanding of the health insurance industry, strong interpersonal skills, and proficiency in relational databases, data warehouses, Excel, and statistical modeling.

Key Responsibilities/Duties – what you will be doing

Collect and review data to develop and file major deliverables such as regulatory rate filings, pricing models, trend reports, monthly business updates, reserves, and other ad hoc projects
Prepare calculations and analyses; review, summarize and communicate results; and anticipate potential issues or questions
Collaborate with other areas on identifying issues/opportunities and developing actions
Represent Actuarial Team during meeting with functional partners
Respond to changes in regulations, become familiar with competitive environment and identify market issues that can impact actuarial work
Other duties and projects as assigned

Qualifications – what you need to perform the job

· Bachelor’s Degree in quantitative discipline or equivalent education / training

· 2+ years of actuarial or analytic experience

· 2-4 actuarial exams passed

· Strong analytic skills and database familiarity to support business functions

· Advanced Excel skills; experience with VBA, and SQL, SAS preferred

· Prior experience in the health insurance or healthcare industry is preferred

Compensation & Total Rewards Overview

As part of our comprehensive total rewards program, colleagues are also eligible for variable pay. Eligibility for any bonus, commission, benefits, or any other form of compensation and benefits remains in the Company's sole discretion and may be modified at the Company’s sole discretion, consistent with the law.

Point32Health offers their Colleagues a competitive and comprehensive total rewards package which currently includes:

Medical, dental and vision coverage
Retirement plans
Paid time off
Employer-paid life and disability insurance with additional buy-up coverage options
Tuition program
Well-being benefits
Full suite of benefits to support career development, individual & family health, and financial health

For more details on our total rewards programs, visit https://www.point32health.org/careers/benefits/

Commitment to Diversity, Equity, Inclusion, Accessibility (DEIA) and Health Equity

Point32Health is committed to making diversity, equity, inclusion, accessibility and health equity part of everything we do—from product design to the workforce driving that innovation. Our Diversity, Equity, Inclusion, Accessibility (DEIA) and Health Equity team's strategy is deeply connected to our core values and will evolve as the changing nature of work shifts. Programming, events, and an inclusion infrastructure play a role in how we spread cultural awareness, train people leaders on engaging with their teams and provide parameters on how to recruit and retain talented and dynamic talent. We welcome all applicants and qualified individuals, who will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Scam Alert: Point32Health has recently become aware of job posting scams where unauthorized individuals posing as Point32Health recruiters have placed job advertisements and reached out to potential candidates. These advertisements or individuals may ask the applicant to make a payment. Point32Health would never ask an applicant to make a payment related to a job application or job offer, or to pay for workplace equipment. If you have any concerns about the legitimacy of a job posting or recruiting contact, you may contact TA_operations@point32health.org

Average salary estimate

$75000 / YEARLY (est.)

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$60000K

$90000K

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What You Should Know About Actuarial Analyst II, Point32Health

At Point32Health, we're not just about numbers; we're about making health insurance better for everyone. As an Actuarial Analyst II in Canton, MA, you'll take on a pivotal role in our health and well-being organization. You will dive deep into data to develop and file essential rates, enhance forecasting and pricing models, and monitor important industry metrics. Your analytical skills will shine as you handle everything from multi-year projections to presenting your findings effectively to various teams. In collaboration with departments like Underwriting, Finance, and Sales, you'll be at the heart of our decision-making processes, making it essential that you can work independently and possess strong technical skills. We're looking for someone with a Bachelor’s Degree in a quantitative discipline, at least 2 years of relevant experience, and a few actuarial exams under your belt—ideally in the healthcare space. If you excel at data analysis and enjoy problem-solving, all while championing a commitment to diversity and health equity, we want you on our team at Point32Health. Together, we can make a notable difference in our communities, one data point at a time.

Frequently Asked Questions (FAQs) for Actuarial Analyst II Role at Point32Health

What are the main responsibilities of an Actuarial Analyst II at Point32Health?

The Actuarial Analyst II at Point32Health is responsible for developing and filing regulatory rate filings, enhancing forecasting and pricing models, and monitoring industry data. You'll be analyzing data trends, preparing comprehensive reports, and collaborating with various departments such as Finance and Sales to identify market opportunities and address regulatory changes.