Actuarial Analyst

Company: HMSA
Location: Honolulu
Posted on: January 26, 2023

Job Description:

For assigned line(s) of business, the Actuarial Analyst will:

• Support the pricing and rating of HMSA's products, including the following:
  

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• Collecting and analyzing historical experience data, developing projections and modeling financial outcomes under various rating scenarios.
  
• Assisting in the regular updating the rating methodology and factors for HMSA's commercial group and individual lines of business, including drafting the associated rate filings.
  
• Supporting the development of annual Medicare bid submissions and group retiree pricing.
  
• Configuring and testing rate tables and factors in HMSA's systems.
  
• Creating and maintaining benefit differentials for alternative plan designs, assisting in the pricing of new products/plans/benefits and modifications to existing plans/benefits.
  
  
  
• Support simple trend analysis and projections, including:
  
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  • Monitoring emerging experience on a monthly basis, reconciling this against other sources and comparing against budget/forecast.
    
  • Assisting in the analysis of utilization, unit cost and other trend drivers, as well as creating variances against budget/forecast.
    
  • Assist in the development of trend forecasts to be used for financial projection and rating purposes.
    
    
    
  • Produce ad-hoc financial & statistical analyses, studies or forecasts, as needed.
    
  • Support the calculation of monthly, quarterly and year-end actuarial and related items, including unpaid claims reserves (IBNR) and ACA-related assets and liabilities. Other financial reporting duties, as assigned.
    
  • Assist in the creation of revenue and expense projections at the line of business level. Monitor emerging experience against these projections and produce variance analyses on a regular basis.
    
  • Performs all other miscellaneous responsibilities and duties as assigned or directed.
    
    
    
    #LI-Hybrid
    

Keywords: HMSA, Honolulu , Actuarial Analyst, Professions , Honolulu, Hawaii