Actuarial Analyst

Department Name: Actuarial-BHN CntrWork Shift: DayJob Category:General OperationsEstimated Pay Range:$32.09 - $53.48 / hour, based on location, education, & experience.In accordance with State Pay Transparency Rules.The future is full of possibilities. At Banner Plans & Networks, we’re changing the industry to reduce healthcare costs while keeping members in optimal health. If you’re ready to change lives, we want to hear from you.Banner Plans & Networks (BPN) is a nationally recognized healthcare leader that integrates Medicare and private health plans. Our main goal is to reduce healthcare costs while keeping our members in optimal health. BPN is known for its innovative, collaborative, and team-oriented approach to healthcare. We offer diverse career opportunities, from entry-level to leadership positions, and extend our innovation to employment settings by including remote and hybrid opportunities.As an Actuarial Analyst at Banner Plans & Networks, you will call upon your Managed Care/Health Insurance Economics and Actuarial work experience as an important part of the Actuary Department. Among other responsibilities, you will perform rate analysis, complete rate model builds, and build and deliver reporting. Please note this role does require a certification of having passed a minimum of one actuarial exam.Your work location will be in a hybrid remote setting. You will work at Banner's Phoenix Corporate Center and in a home remote office. Residency in the Phoenix, Arizona metro area is required for this hybrid remote role. Your work shifts, in this salaried position, will be Monday-Friday working in Arizona Business Hours. If this role sounds like the one for you, Apply today.Banner Plans & Networks (BPN) is an accountable care organization that joins Arizona's largest health care provider, Banner Health, and an extensive network of primary care and specialty physicians to provide the most comprehensive healthcare solutions for Maricopa County and parts of Pinal County. Through BPN, known nationally as an innovative leader in new health care models, insurance plans and physicians are coming together to work collaboratively to keep members in optimal health, while reducing costs.Position SummaryThis position will assist in healthcare actuarial analyses under the supervision of senior actuarial staff. The position will either have knowledge of, or will become knowledgeable in, Medicare Shared Savings Program (MSSP) Accountable Care Organizations (ACOs), Commercial ACOs, Employer Plans, Medicare Advantage Prescription Drug plans (MA-PD), Medicaid, Medical Economics, and other healthcare data analytics. The actuarial analyst will be encouraged to progress in their career development as an actuary by passing exams and obtaining credentials in the Society of Actuaries (SOA) under the Banner Actuarial Professional Development Program.Core Functions Assist in healthcare actuarial analyses under the supervision of senior actuarial staff. Assist in projections, pricing, reserving, and other analyses using tools developed in Excel, SAS, Teradata, Tableau, and other software, with the oversight and feedback from senior actuarial staff. Develop/present results of the performed analyses to senior actuarial staff and/or insurance division executives. Participate in the development of actuarial models and reports for the continued growth of the actuarial team. Provide support to actuarial staff in performing IBNR estimates, financial reporting, and rate adequacy studies. Research and compile information about healthcare regulations to support senior actuarial staff. Progress in the actuarial exam process towards becoming an Associate in the Society of Actuaries (ASA) and/or Fellow in the Society of Actuaries (FSA). Minimum QualificationsBachelor's Degree in Statistics, Mathematics, Actuarial Science, Business, Finance, or Healthcare Administration.License/Certification: Passed at least 1 actuarial exam. Knowledge of software for data analysis; specifically, spreadsheets (e.g. MS Excel, VBA), data extraction and manipulation (e.g. SAS, Teradata, R) and data visualization (e.g. Tableau).Preferred QualificationsTwo or more years of actuarial experience in healthcare.Licenses/Certification: Associate of the Society of Actuaries (ASA) designation.EEO Statement:EEO/Disabled/VeteransOur organization supports a drug-free work environment.Privacy Policy:Privacy Policy