Kaiser Permanente - Oakland, CA

posted about 2 months ago

Full-time - Mid Level
Remote - Oakland, CA
Ambulatory Health Care Services

About the position

The Senior Actuarial Associate in Product Development and Rate Filing is a critical role focused on the development of new insurance products and ensuring compliance with California rate filing regulations. This position is remote, but candidates must reside in one of the authorized states: California, Oregon, Washington, or Colorado. The individual in this role will be responsible for researching and assessing financial risks to the organization, developing actuarial documentation, conducting evaluations of product lines, and performing actuarial modeling. The role requires a deep understanding of financial risk assessment and the ability to interpret complex data to inform product development decisions. In this position, the Senior Actuarial Associate will engage in self-development and promote learning among peers by sharing knowledge and resources. Building relationships with cross-functional stakeholders is essential, as is the ability to influence others through clear technical explanations. The role demands adaptability to changing priorities and responsibilities, as well as a commitment to team collaboration and continuous improvement. Key responsibilities include completing actuarial documentation for financial reports and tax returns, participating in product line evaluations through detailed financial analysis, and utilizing actuarial research to implement standards and assumptions. The associate will also be tasked with developing advanced actuarial models and validating results to ensure accuracy and compliance with industry standards. This position requires a proactive approach to problem-solving and the ability to escalate high-priority issues when necessary.

Responsibilities

  • Research and determine the likelihood of financial risk to the organization.
  • Develop and design actuarial documentation for financial reports and tax returns.
  • Conduct product line evaluations and actuarial modeling.
  • Assess and interpret financial risk and opportunity analyses.
  • Collaborate with business partners to translate mathematical constructs into actionable recommendations.
  • Complete actuarial portion of financial reports and responses to insurance regulations.
  • Participate in the analysis of product line financials, pricing, reserves, and cash flow.
  • Utilize actuarial research to implement development standards and assumptions.
  • Develop advanced actuarial models and validate results.
  • Support team collaboration and adapt to feedback and change.

Requirements

  • Bachelor's degree in mathematics or a related field.
  • Minimum six (6) years of actuarial experience.
  • Associate of the Society of Actuaries Certificate or Associate of the Casualty Actuarial Society Certificate.

Nice-to-haves

  • One (1) year experience in a leadership role with or without direct reports.
  • Five (5) years experience with databases and spreadsheets.
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