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:
- 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:
- 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
Didn't find what you're looking for? Search again!
Loading more jobs...