Actuary – Valuation & Reserving

Overview

This role involves conducting actuarial analysis, pricing, and risk assessment to estimate financial outcomes and support the actuarial valuation process. You will help drive experience and trend analysis, perform valuation activities, and communicate financial results.

Responsibilities

• Estimate liabilities for claims incurred but not paid
• Support monthly incurred but not paid reserves, including a tight turnaround during the first week of each month
• Conduct experience and trend analysis to support valuation activities
• Communicate financial results to health plans and other internal stakeholders
• Support the NAIC actuarial opinion process
• Apply knowledge of mathematics, probability, statistics, principles of finance, and business to calculate financial outcomes
• Develop probability tables based on analysis of statistical data and other pertinent information
• Review insurance plans and calculate required premium rates
• Ensure cash reserves and liabilities enable payment of future benefits
• Determine an equitable basis for distributing money for insurance benefits
• Participate in merger and acquisition analysis
• Support process development and identify operational efficiencies
• Collaborate across departments and gain exposure to leadership
• Perform other duties as assigned and comply with all policies and standards

Requirements

• Bachelor’s Degree in related field or equivalent experience required
• 5+ years of actuarial experience and Associate in Society of Actuaries (ASA) certification required
  • OR 4+ years of actuarial experience and Fellow in Society of Actuaries (FSA) certification required
• Associate of the Society of Actuaries (ASA) required

Preferred Qualifications

• Member of the American Academy of Actuaries (MAAA) preferred
• Healthcare and valuation actuarial experience, including estimation of claims incurred but not paid
• Knowledge of NAIC actuarial opinions
• Strong Excel skills (e.g., VBA, arrays, PivotTables, and queries)
• SQL, Python, Power BI, and the ability to effectively leverage AI tools to enhance actuarial analysis and decision-making preferred
• Creativity, analytical strength, and innovation

Compensation & Benefits

• Pay range: $107,700.00 - $199,300.00 per year
• Comprehensive benefits package, including:
  • Health insurance
  • 401K and stock purchase plans
  • Tuition reimbursement
  • Paid time off plus holidays
  • Flexible approach to work (remote, hybrid, field, or office work schedules)
• Actual pay will be adjusted based on skills, experience, education, and other job-related factors permitted by law, including full-time or part-time status
• Total compensation may also include additional forms of incentives (benefits may be subject to program eligibility)

Location

• Fully remote within the continental U.S., across all time zones

Equal Opportunity

An equal opportunity employer committed to diversity. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristic protected by applicable law.

Qualified applicants with arrest or conviction records will be considered in accordance with the LA County Ordinance and the California Fair Chance Act.