Humana Actuary in Boston, Massachusetts
The Actuary, Valuation is responsible for the calculation of reserves required for unpaid claim liability, including incurred but not reported (IBNR), for a portion of Humana's fully insured medical lines of business. The Actuary, Valuation will also assist with the development of premium deficiency reserve estimates, other actuarial items that need to be established for all Humana lines of business, and leading the production of analytic tools related to claims development. The Actuary, Valuation work assignments involve moderately complex to highly complex issues where the analysis of situations or data requires an in-depth evaluation of variable factors and the ability to clearly communicate the results and business implications of the evaluation to senior leaders.
The Actuary, Valuation partners with Corporate Finance for internal & statutory reporting, and supports the Appointed Actuary with Actuarial Opinions, Actuarial Memorandums, and state Department of Insurance examinations. The Actuary, Valuation influences department's strategy by making recommendations on moderately complex to highly complex issues regarding technical approach for project components. Work is generally performed with limited direction while exercising latitude in determining objectives and approaches to assignments.
This position will report to a Director in Corporate Actuarial Valuation and will have significant exposure to Humana's Appointed Actuary and Chief Actuary, with opportunities to present to other Senior leaders such as the Chief Financial Officer.
ASA designation with 3 years of healthcare experience, or FSA designation with 1 year of healthcare experience
Member of the American Academy of Actuaries
Meets the basic education and continuing education requirements for issuing statements of actuarial opinion (SOAs)
5 or more years of actuarial work experience
Must be passionate about contributing to an organization focused on continuously improving consumer and associate experiences
Strong technical and communication skills
5+ years of Excel experience
Ability to translate technical issues for non-Actuarial audiences
Meets the specific qualification standards and continuing education requirements for issuing Statements of Actuarial Opinion, NAIC Life and A&H and Health Annual Statements
Prior experience in leading technical staff of 1-2 associates
5+ or more years of relevant health-related actuarial work experience
5+ or more years of experience with relevant technical skills (Excel, SQL, SAS, VBA, etc.)
Humana specific or Line of Business knowledge
Independent consulting ability
Experience with machine learning and/or other advanced analytic methods
Experience presenting to Senior Leadership both inside and outside the Actuarial space
As part of our hiring process for this opportunity, we will be using an exciting interviewing technology called Modern Hire to enhance our hiring and decision-making ability. Modern Hire allows us to quickly connect and gain valuable information for you pertaining to your relevant skills and experience at a time that is best for your schedule.
If you are selected for a first round interview, you will receive an email correspondence inviting you to participate in a Modern Hire interview. In this interview, you will listen to a set of interview questions over your phone and you will provide recorded responses to each question. You should anticipate this interview to take about 15 minutes. Your recorded interview will be reviewed and you will subsequently be informed if you will be moving forward to next round of interviews.
Alert: Humana values personal identity protection. Please be aware that applicants selected for leader review may be asked to provide a social security number, if it is not already on file. When required, an email will be sent from Humana@myworkday.com with instructions to add the information into the application at Humana's secure website.
Scheduled Weekly Hours
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