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Job Summary
The role is responsible for assisting in establishing premium rates and conducting financial analysis and reporting. A key responsibility of this role is supporting the Molina Marketplace ACA individual market pricing, forecasting, and accrual processes.
Essential JobDuties
- Supports the development of incurred but not reported (IBNR) estimates and rate adequacy studies, and documents assumptions.
- Analyzes results to identify early signs of trends or other issues related to medical care costs.
- Performs actuarial studies related to medical care costs and trends.
- Generates and distributes routine reports to support IBNR calculations, pricing and financial reporting.
- Extracts and compiles information from various systems to support executive decision-making.
- Supports the development of reports and analysis for senior leadership, and effectively communicates results.
Required Qualifications
- Up to 1 year of actuarial experience, or equivalent combination of relevant education and experience.
- At least 1 passing Society of Actuaries (SOA) exam.
- Bachelor’s degree in actuarial, mathematics, statistics, economics or related field.
- Advanced understanding of statistics/predictive analytics.
- Demonstrated problem-solving skills.
- Strong critical-thinking and attention to detail.
- Ability to effectively collaborate with technical and non-technical stakeholders.
- Strong time-management skills, and ability to manage simultaneous projects and tasks to meet internal deadlines.
- Effective verbal and written communication skills.
- Proficient in Microsoft Office suite products, including key skills in Excel (VLOOKUPs and pivot tables), and applicable software program(s) proficiency.
Preferred Qualifications
- Actuarial internship
To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board. Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V Pay Range: $77,969 – $106,214 / ANNUAL *Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
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