Molina Healthcare - Owensboro, KY

posted 3 months ago

Full-time - Entry Level
Remote - Owensboro, KY
Insurance Carriers and Related Activities

About the position

The Assoc Actuarial Analyst position at Molina Healthcare is a remote role based in Owensboro, Kentucky, focused on estimating liabilities, establishing premium rates, and conducting financial analysis and reporting. The analyst will be responsible for extracting, analyzing, and synthesizing data from various sources to identify potential risks associated with medical care costs. This role is crucial in supporting the development of Incurred But Not Reported (IBNR) estimates and conducting rate adequacy studies, which are essential for maintaining the financial health of the organization. In this position, the analyst will document assumptions and analyze results to identify early signs of trends or issues related to medical care costs. The role involves performing actuarial studies that relate to these costs and trends, generating and distributing routine reports that support IBNR calculations, pricing, and financial reporting. The analyst will also extract and compile information from various systems to aid in executive decision-making and will support the development of reports and analyses for senior management, ensuring effective communication of results. This position requires a strong foundation in mathematics, statistics, or economics, as well as the ability to work with complex data sets and communicate findings clearly to stakeholders. The role is designed for individuals who are beginning their careers in actuarial science and are eager to develop their skills in a supportive environment.

Responsibilities

  • Support the development of the IBNR estimates and rate adequacy studies.
  • Document assumptions related to actuarial analyses.
  • Analyze results to identify early signs of trends or issues related to medical care costs.
  • Perform actuarial studies related to medical care costs and trends.
  • Generate and distribute routine reports to support IBNR calculations, pricing, and financial reporting.
  • Extract and compile information from various systems to support executive decision-making.
  • Support the development of reports and analysis for senior management; effectively communicate results.

Requirements

  • Bachelor's Degree in Mathematics, Statistics, or Economics
  • Must have passed at least 1 actuarial exam
  • 0-1 Year of relevant experience

Nice-to-haves

  • Internship experience of 2 years

Benefits

  • Competitive benefits and compensation package
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