Actuarial Analyst

Join Our Team : Do Meaningful Work and Improve People’s Lives

Our purpose, to improve customers’ lives by making healthcare work better, is far from ordinary. And so are our employees.

Working at Premera means you have the opportunity to drive real change by transforming healthcare.

To better serve our customers, we’re creating a culture that promotes employee growth, collaborative innovation, and inspired leadership.

because we are committed to creating an environment where employees can do their best work and where best-in-class talent comes, stays, and thrives!

As an Actuarial Analyst, you will be responsible for the oversight of assigned projects, including technical work of supporting analysts, development and maintenance of computer programs, preparing rate and provider reimbursement studies and other statistical analyses, producing various reports, and performing other actuarial and / or analytical functions.

You will develop detailed work plans for projects, including design scope and strategic analytical steps of actuarial / analytical projects.

This position can be hired as a Level III or Level IV, depending upon experience.

This is a hybrid role, with some onsite days required. You must live within driving distance of our Mountlake Terrace campus, located about 15 miles north of Seattle, Washington.

What you’ll do :

Consult with department management to establish project goals, work plan objectives, analytical strategies, and timeline requirements for completion of assigned work product.

Recommend team priorities, analytical work, and responsibilities of project support staff.

Provide on-going and ad hoc actuarial support to other Premera departments, as appropriate.

Create written communication and / or peer review all written communication and analyses of project team.

Conduct peer review and documentation of complex analytical analyses.

Assess risk and develop analytic strategies.

Provide data and actuarial calculations relating to the analyses of existing and proposed products and benefits, provider risk pools, stop loss, and administrative costs, as required.

Conduct peer reviews of technical work of analyst team.

Monitor and review analytical data from various departments, for content, accuracy, associated problems, and recommend actions to correct problems.

Provide detailed documentation of corrective actions including discussions of effect to plan results, for distribution.

Develop and interpret trend data.

Draft written discussion of interpretation of various actuarial issues and create appropriate analytical presentation of results to support interpretation.

Provide peer review of written material developed by project support staff.

Mentor or train more junior analysts or other actuarial staff.

Present findings and consult as needed to multiple levels of internal and external client leadership.

Identify problem areas in any facet of plan operations, and recommend and / or implement changes, to improve operations or help to attain plan goals.

What you’ll bring :

Bachelor’s Degree in Mathematics, Actuarial Science, Statistics, Computer Science, or related field, or (4) years of work experience.

Required for Level III and Level IV).

4) years of actuarial analysis experience. (Required for Level III).

7) years of actuarial analysis experience. (Required for Level IV).

5) years of actuarial analysis experience in the healthcare industry. (Required for Level IV).

Knowledge of Visual Basic and SQL programming.

Knowledge of health insurance concepts and terms, including solid understanding of insurance risk.

Strong analytical, problem solving, and troubleshooting skills. Ability to make decisions and communicate how the conclusion and decision was derived.

Ability to provide strategic analytical design of projects.

Excellent communications skills, both written and verbal, including the ability to communicate technical actuarial concepts to non-actuaries.

Extensive computer experience, including working with complex spreadsheets, databases, and programs.

Proficiency in a computer programming language and aptitude to learn others. Proficient with standard Microsoft Office products, such as Word, Excel, PowerPoint, Access, etc.

National Salary Range (Level III) :

$82, - $140,

National Plus Salary Range (Level III) :

$93, - $159,

National Salary Range (Level IV) :

$91, - $154,

National Plus Salary Range (Level IV) :

$102, - $174,

What we offer

• Medical, vision and dental coverage
• Life and disability insurance
• Retirement programs (401K employer match and pension plan)
• Wellness incentives, onsite services, a discount program and more
• Tuition assistance for undergraduate and graduate degrees
• Generous Paid Time Off to reenergize
• Free parking

Equal employment opportunity / affirmative action :

Premera is an equal opportunity / affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.

Premera is hiring in the following states, with some limitations based on role or city : Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Maine, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin

The pay for this role will vary based on a range of factors including, but not limited to, a candidate’s geographic location, market conditions, and specific skills and experience.

National Salary Range :

$82, - $140,

National Plus Salary Range :

$93, - $159,