Actuarial Analyst (Remote)

$111,700 - $111,700/Yr

Prime Therapeutics - Harrisburg, PA

posted 2 months ago

Full-time - Entry Level
Remote - Harrisburg, PA
Administrative and Support Services

About the position

The Actuarial Analyst position at Prime Therapeutics is a remote role focused on providing actuarial and pricing analyses to both existing and potential clients. The analyst will be instrumental in utilizing and developing innovative actuarial modeling concepts that support strategic initiatives related to trend analysis, benefit design, and pricing across all lines of business, including commercial, Medicare, and Medicaid. This role is critical in ensuring that the company can effectively meet the needs of its clients while adhering to actuarial standards and practices. In this position, the Actuarial Analyst will be responsible for building, supporting, and maintaining financial and actuarial models that are essential for data-driven decision-making. The role involves performing and reviewing data analyses, reporting, and projections to provide insights that inform pricing strategies. Additionally, the analyst will engage in ad hoc pharmacy data mining and analyses to address complex questions related to actuarial data and concepts, thereby enhancing the overall understanding of the business landscape. Collaboration is a key aspect of this role, as the Actuarial Analyst will work closely with underwriters, various departments within Prime, and senior management on pricing initiatives, data analyses, and the Request for Proposal (RFP) process. The analyst will also assist in the development of client presentations, ensuring that the information conveyed is accurate and aligns with the company's strategic goals. Overall, this position requires a strong analytical mindset, attention to detail, and the ability to communicate complex information effectively to diverse audiences.

Responsibilities

  • Build, support, and maintain financial and actuarial models
  • Perform and review data analyses, reporting, and projections
  • Perform and review ad hoc pharmacy data mining and analyses to help investigate and answer challenging questions regarding actuarial data and concepts
  • Assist with development of client presentations
  • Collaborate with underwriters, other areas of Prime, and senior management on pricing initiatives, data analyses, and the RFP process
  • Ensure work is consistent with actuarial standards, as applicable
  • Other duties as assigned

Requirements

  • Bachelor's degree in Math, Actuarial Science, Economics or Finance
  • 2 years of work experience in actuarial services, underwriting, or analytics
  • 3 actuarial exams passed
  • Must be eligible to work in the United States without need for work visa or residency sponsorship
  • Advanced level of proficiency in Excel; proficient in SAS, SQL, or VBA
  • Excellent quantitative, problem solving, and analytical skills
  • Self-motivated with the ability to balance and follow-up on multiple projects
  • Strong verbal and written communication skills

Nice-to-haves

  • 2 years of actuarial work experience in a healthcare organization or PBM
  • Previous experience pricing Commercial, Medicare or Medicaid lines of businesses
  • 1 year of experience in SAS, SQL, or VBA - Previous experience presenting results

Benefits

  • Health insurance
  • Dental insurance
  • Vision insurance
  • 401k retirement plan
  • Paid holidays
  • Paid time off
  • Flexible scheduling
  • Professional development opportunities
  • Employee discount programs
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