Actuarial Analyst

Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million members through our high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans.

Under direct supervision from a qualified health actuary, performs basic actuarial analyses, assists in preparing internal management information and financial reports and/or external filings, and design of new and revised reports. Extracts, compiles, prepares, and analyzes data and communicates results and findings. Leads or assists in analysis, research, and enhancement of actuarial processes that impact financial results for the Company.

Responsibilities

Actuarial Analyst I

• Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
• Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
• Assists in responding to questions regarding internal reports and/or external filings.
• Assists in conducting actuarial analysis for rate-making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
• Assists in conducting actuarial analysis for the determination of adequate reserve levels.
• Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
• Assures that written job procedures are maintained on all reports where responsibility exists and recommends improvements in procedures to save time, improve accuracy or improve the usefulness of the information.
• Monitors results of assigned area of responsibility, noting unexpected results.
• Performs other duties as assigned

Actuarial Analyst II

• Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
• Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
• Assists in responding to questions regarding internal reports and/or external filings.
• Assists in conducting actuarial analysis for rate-making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
• Assists in conducting actuarial analysis for the determination of adequate reserve levels.
• Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
• Performs other duties as assigned

Actuarial Analyst III

• Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
• Assists in the revision and/or design of internal reports and/or external filings as required and assists in preparing related automation requests as necessary.
• Responds to questions regarding internal reports and/or external filings.
• Conducts actuarial analysis for rate-making purposes on existing and new products, using the concepts of trend, development, credibility, and present value, as appropriate.
• Conducts actuarial analysis for the determination of adequate reserve levels.
• Makes efficient use of automation tools to improve the timeliness, accuracy, and content of reports, or to support actuarial research and experience.
• Performs other duties as assigned

Qualifications

Actuarial Analyst I

Education and Experience

• Bachelor's Degree in mathematics, actuarial science, statistics, or related field. Master's Degree a plus.
• 0 -1 year of experience as an Actuarial Analyst or equivalent experience/training.

Professional Certification(s)

• Has passed 1 or more Society of Actuaries exams.

Technical Skills and Knowledge

• Demonstrated effective and diplomatic oral and written communication skills.
• Basic SQL and VBA skills preferred. SAS and other program languages a plus.
• Microsoft Excel and Word
• Knowledge of fundamental actuarial principles
• Strong math and statistics skills

Actuarial Analyst II

Education and Experience

• Bachelor's Degree in mathematics, actuarial science, statistics, or related field. Master's Degree a plus.
• A minimum of 1 year of experience in health actuarial work.

Professional Certification(s)

• Has passed 3 or more Society of Actuaries exams

Technical Skills and Knowledge

• Basic SQL and VBA skills preferred. SAS and other program languages a plus.
• Microsoft Excel and Word
• Knowledge of fundamental actuarial principles
• Strong math and statistics skills

Actuarial Analyst III

Education and Experience

• Bachelor's Degree in mathematics, actuarial science, statistics, or related field. Master's Degree a plus.
• 3 years experience in health actuarial work required; 4 years preferred.
• Minimum of 1 year of experience in health actuarial work.

Professional Certification(s)

• Has passed 4 or more Society of Actuaries exams

Technical Skills and Knowledge

• Basic SQL and VBA skills preferred. SAS and other program languages a plus.
• Microsoft Excel and Word
• Knowledge of fundamental actuarial principles
• Strong math and statistics skills

Medical Mutual is looking to grow our team! We truly value and respect the talents and abilities of all of our employees. That's why we offer an exceptional package that includes:

A Great Place to Work:

• We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.
• Whether you are working remote or in the office, employees have access to on-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.
• On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.
• Discounts at many places in and around town, just for being a Medical Mutual team member.
• The opportunity to earn cash rewards for shopping with our customers.
• Business casual attire, including jeans.

Excellent Benefits and Compensation:

• Employee bonus program.
• 401(k) with company match up to 4% and an additional company contribution.
• Health Savings Account with a company matching contribution.
• Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.
• Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.
• Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
• After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.

An Investment in You:

• Career development programs and classes.
• Mentoring and coaching to help you advance in your career.
• Tuition reimbursement up to $5,250 per year, the IRS maximum.
• Diverse, inclusive and welcoming culture with Business Resource Groups.

About Medical Mutual:

Medical Mutual's status as a mutual company means we are owned by our policyholders, not stockholders, so we don't answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us.

There's a good chance you already know many of our Medical Mutual customers. As the official insurer of everything you love, we are trusted by businesses and nonprofit organizations throughout Ohio to provide high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Our plans provide peace of mind to more than 1.2 million Ohioans.

We're not just one of the largest health insurance companies based in Ohio, we're also the longest running. Founded in 1934, we're proud of our rich history with the communities where we live and work.

We maintain a drug-free workplace and perform pre-employment substance abuse and nicotine testing.