Actuary

Become a part of our caring community and help us put health firstThe Actuary, Analytics/Forecasting analyzes and forecasts financial, economic, and other data to provide accurate and timely information for strategic and operational decisions. Establishes metrics, provides data analyses, and works directly to support business intelligence. Evaluates industry, economic, financial, and market trends to forecast the organization's short, medium and long-term financial and competitive position. The Actuary, Analytics/Forecasting works on problems of diverse scope and complexity ranging from moderate to substantial.The Actuary, Analytics/Forecasting ensures data integrity by developing and executing necessary processes and controls around the flow of data. Collaborates with stakeholders to understand business needs/issues, troubleshoots problems, conducts root cause analysis, and develops cost effective resolutions for data anomalies. Advises executives to develop functional strategies (often segment specific) on matters of significance. Exercises independent judgment and decision making on complex issues regarding job duties and related tasks, and works under minimal supervision, Uses independent judgment requiring analysis of variable factors and determining the best course of action.As Actuary on the Unit Cost Analysis and Management team within Humana's Provider Analytics organization, you will enable sustainable growth and support Humana's Health First purpose by executing and enhancing unit cost projection processes, primarily focused on our Medicare Advantage business.

Responsibilities expected to include:Assessing annual CMS regulations regarding how Original Medicare pays providers, including deep-dive analyses into particular areas of complexityIncorporating the impacts of contractual variations on unit cost trendsParticipating in expanded use in Medicare of relevant components of the Medicaid Unit Cost Model on Azure Synapse Analytics, winner of the 2023 Actuarial Innovation Contest and the 2023 PALS Awards Most Advanced categoryCreating new processes for actual-to-expected analysisCreating new processes to estimate the impact of mix-of-services and mix-of-providers on overall unit cost trendsDeveloping strong collaborative relationships with other downstream actuarial teams, ensuring that our estimates are on a basis and granularity to make them the most useful to consume alongside other trend assumptionsUse your skills to make an impact Required QualificationsBachelor's DegreeFSA or ASA plus relevant advanced degree, recent and relevant work experience, and/or other relevant professional designations.MAAAStrong communication skillsExperience in more than two functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving or trending)Strong SQL skills based on usage on any platform (SQL Server, Oracle, SAS, R, etc.)Strong in-depth analysis skillsPrior experience analyzing detailed medical claims dataExperience successfully leading cross-team projects, influencing teams, and adapting to input from othersPreferred QualificationsExperience organizing complex SQL code via stored procedures and functions with SQL Server and/or the use of Azure Synapse AnalyticsExperience with use of code control via Git or other methodsExperience interacting with various trend components and the avoidance of overlap/double-countingExperience with Medicare Advantage bid processAdditional InformationScheduled Weekly Hours40Pay RangeThe compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$126,800 - $174,500 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.Description of BenefitsHumana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.About usHumana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.Equal Opportunity EmployerIt is the policy of  Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of  Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.Brand: HumanaJob ID: R-332597Employment Type: Full_timeJob Area: CorporatePosted Date: 03/04/2024