Actuarial Analyst

$150,000 - $194,040/Yr

Kaiser Permanente - Pasadena, CA

Full-time - Mid Level

Remote - Pasadena, CA

Ambulatory Health Care Services

About the position

The Actuarial Analyst position at Kaiser Permanente is a full-time role based in Pasadena, CA, with a salary range of $150,000 to $194,040 per year. This position is remote, but candidates must reside in one of the states where Kaiser Permanente operates, including California, Colorado, Georgia, Hawaii, Illinois, Maryland, Oregon, Washington, and Virginia. As part of the Analytics Insights Team, which is a segment of the Markets Outside California Health Plan Analytics Team, the Actuarial Analyst will work closely with senior consultants to connect financial performance with strategic initiatives across various domains such as care delivery operations, network management, and product strategy. The role involves facilitating analyses, providing technical support, and communicating insights derived from large datasets. The Analytics Insights team is characterized by its diversity and high performance, drawing experience from various sectors within Kaiser Permanente and other health plans. This position offers an excellent opportunity for individuals passionate about analytics and looking to enhance their skills in a supportive environment. The team is committed to driving strategic insights that improve healthcare strategies, and candidates are encouraged to contribute to this mission. Key responsibilities include self-leadership, mentoring junior team members, conducting business-specific projects, completing actuarial documentation, developing product line evaluations, designing actuarial research, and leading collaborations with business partners. The Actuarial Analyst will also be responsible for assessing financial risks and opportunities, creating frameworks for actuarial models, and ensuring compliance with the Actuarial Standards of Practice. This role is ideal for candidates who are eager to engage in complex problem-solving and contribute to the overall success of the organization.

Responsibilities

• Practices self-leadership and promotes learning in others by building relationships with cross-functional stakeholders.
• Communicates information and provides advice to drive projects forward; influences team members within assigned unit.
• Listens and responds to, seeks, and addresses performance feedback; adapts to competing demands and new responsibilities.
• Provides feedback to others, including upward feedback to leadership and mentoring junior team members.
• Creates and executes plans to capitalize on strengths and develop weaknesses; adapts to and learns from change, difficulties, and feedback.
• Conducts or oversees business-specific projects by applying deep expertise in subject area; promotes adherence to all procedures and policies.
• Develops work plans to meet business priorities and deadlines; determines and carries out processes and methodologies.
• Coordinates and delegates resources to accomplish organizational goals; partners internally and externally to make effective business decisions.
• Solves complex problems; escalates issues or risks as appropriate; monitors progress and results; recognizes and capitalizes on improvement opportunities.
• Completes actuarial documentation by reviewing and coordinating the actuarial portion of financial reports and tax returns, and responses to insurance regulations.
• Develops and designs product line evaluations by interpreting and communicating findings of analysis of product line financials, reserve, valuation, cash flow analysis.
• Designs and develops actuarial research by designing complex methods to advance standards, assumptions, and the legal and regulatory environment.
• Assesses, analyzes and interprets financial risks and opportunities by using non-traditional actuarial methods and actuarial judgment when conducting actuarial analyses.
• Leads collaboration with business partners by translating complex actuarial constructs into actionable recommendations.
• Creates framework and assumptions for new, existing, and non-traditional actuarial models to meet business needs.

Requirements

• Bachelor's degree in mathematics or related field.
• Minimum eight (8) years actuarial experience.
• Associate of the Casualty Actuarial Society Certificate OR Associate of the Society of Actuaries Certificate.