• Actuarial Assistant

    Location US-IA-Des Moines
    Job ID
    213162
    Category
    Actuarial
    Requires Non-Compete?
    No
  • Job Summary

    About the Career: Wellmark is currently recruiting for an Actuarial Assistant to join our team!  In this role you will perform independent data analysis and summarize findings of health care and insurance industry developments.  This is a technical actuarial position. You will consult on various issues related to rating of specific groups or benefits.

     

    Why Wellmark?  We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 75 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today!

     

    Aside from meaningful-challenging work, we offer: 

    • A culture of respect, diversity, and inclusion and commitment to our community
    • A workplace that values health with access to a fitness facility, creative health programs, education and services
    • State-of-the-art, environmentally lean, and green office environment
    • Exceptional employee benefits, rewards and growth opportunities
    • Best-in-class tuition assistance program (we will help pay off any current student loans you might have!)

    Ready to bring your strengths to Wellmark? Begin your career in the Actuarial field by applying today!  

     

    Wellmark has been named one of the best employers in the U.S. by Forbes Magazine, ranking #3 out of the top 500 midsize employers in the nation and 1st among midsize insurance companies!

    Minimum Qualifications Required (all must be met to be considered)

    • Bachelor’s Degree in related field or direct applicable work experience
    • Previous experience in a finance related role
    • Proven ability to work in a deadline driven, fast paced environment
    • Strong communication skills, both verbal and written, with the ability to collaborate and build relationships of trust
    • Ability to observe, monitor,  and analyze data
    • Strong analytical skills with the ability to problem solve to identify solutions
    • Ability to use mathematical techniques to  solve practical problems
    • Attention to detail with the ability to multitask

    Hiring Specifications Preferred

    • Bachelor’s Degree in related field
    • Passed one (1) of the core exams as administered/recognized by the Society of Actuaries (ex. P, FM, LTAM, STAM, IFM)
    • Prior experience in an Actuarial role
    • Previous experience in the health insurance industry

    Job Accountabilities

    a. Provide analysis and recommendations in order for assigned market segments to achieve corporate profitability objectives through specifically assigned analysis projects. Provide information regarding rates, trends, rating factors and formulas. Consults on various issues related to rating of specific groups or benefits, with direction.

    b. Ensure the Chief Actuary is apprised of current and future health care and insurance industry developments that contribute to decision making by completing assigned analyses and summarizing conclusions, with direction.

    c. Provide comprehensive and timely data analysis of health care trends and financial measures with summary conclusions, as assigned. Provide financial statements as needed for financial reporting reserves, annual statement exhibits.

    d. Provide dependable, accurate, and timely forecasts and budgets for revenue and benefits, as assigned.

    e. Provide information and interpretation of various regulatory requirements.

    f. Calculate adequate unpaid claims liabilities, as assigned.

    g. Other duties as assigned.

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