Actuarial Analyst (Remote)

$111,700 - $111,700/Yr

Prime Therapeutics - Salem, OR

posted 2 months ago

Full-time - Entry Level
Remote - Salem, OR
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. This position is integral to the company's mission of ensuring that individuals receive the necessary medications to improve their health and well-being. The Actuarial Analyst will leverage innovative actuarial modeling concepts to support strategic initiatives related to trend analysis, benefit design, and pricing across all lines of business, including commercial, Medicare, and Medicaid. In this role, the analyst will be responsible for building, supporting, and maintaining financial and actuarial models that are crucial for decision-making processes. The position requires performing and reviewing data analyses, reporting, and projections to ensure accuracy and relevance. Additionally, the analyst will engage in ad hoc pharmacy data mining and analyses to address complex questions regarding actuarial data and concepts. This collaborative role involves working closely with underwriters, other departments within Prime, and senior management to drive pricing initiatives and support the Request for Proposal (RFP) process. The analyst must ensure that all work adheres to applicable actuarial standards and may involve other duties as assigned. The ideal candidate will possess a strong foundation in mathematics, actuarial science, economics, or finance, along with relevant work experience in actuarial services, underwriting, or analytics. The role demands a high level of proficiency in Excel and familiarity with programming languages such as SAS, SQL, or VBA. Excellent quantitative, problem-solving, and analytical skills are essential, as is the ability to communicate effectively both verbally and in writing. The position offers a competitive salary range based on experience and skills, and it is an opportunity to contribute to a dynamic and fast-paced environment that values innovation and collaboration.

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
  • 401(k) retirement plan
  • Paid holidays
  • Paid time off
  • Flexible scheduling
  • Professional development opportunities
  • Employee discount programs
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