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The Department of Health Economics is seeking an Actuarial Analyst! This entry-level healthcare actuarial student would help drive high-visibility impactful analysis supporting medical cost improvement strategies for UPMC Health Plan. This includes analyzing medical cost utilization and unit cost data, identifying top trend drivers and affordability opportunities, and evaluating program and initiative outcomes with support from leaders and credentialed actuaries within the department.
The Actuarial Analyst will require a diverse set of skills, including strong communication skills, sharp critical thinking abilities, and a curiosity for health economics and data analytics.
There are multiple positions at this job level available for healthcare actuarial students within the Department of Health Economics. This position is eligible for fully remote work or a hybrid work arrangement for candidates based in Pittsburgh, PA.
Responsibilities:
- Produce detailed actuarial and financial models which communicate near and long-term projections of financial performance of new and ongoing initiatives and clinical programs to facilitate corporate decision-making and the development of strategies and goals.
- Apply analytical and statistical software tools to summarize large healthcare data to glean findings and actionable insights.
- Assist senior actuarial team members in forecasting and interpreting financial results, including variances from budget, to help identify medical cost improvement opportunities and potential risks.
- Analyze trends in spending and utilization using healthcare claims data.
- Produce well-documented standard actuarial reports and projects.
- Present results of analyses and recommendations to technical and non-technical audiences.
- Build an understanding of complex actuarial concepts, methods, and applications in a variety of situations.
- Creatively leverage a wide range of datasets to inform key analyses.
- Collaborate with team members, including other healthcare actuaries, to ensure that work product meets the highest standards of quality.
- Provide analytical support for ad hoc data analyses.
Qualifications:
- Bachelor's degree in mathematics, statistics, actuarial science, economics, or a related field is required.
- One or more actuarial examinations passed.
- Actively pursuing the ASA certification by the Society of Actuaries is preferred.
- Completion of Validation by Education Experience (VEE) credits or comparable college-level courses on micro and macroeconomics, introductory corporate finance, and applied statistical methods are preferred.
- Internship or relevant experience in healthcare, actuarial, or data analysis is a strong preference.
- GPA of at least 3.0 is a strong preference.
- Excellent problem-solving and analytical skills.
- Excellent oral and written communication skills.
- Strong PC skills, including experience in Microsoft Office Suite (Word, Excel, PowerPoint).
- Data retrieval skills and relational database experience are strongly preferred, including SQL and/or SAS.
Licensure, Certifications, and Clearances:
UPMC is an Equal Opportunity Employer/Disability/Veteran
UPMC has a Center for Engagement and Inclusion that is charged with executing leading-edge and next-generation diversity strategies to advance the organization's diversity management capability and its national presence as a diversity leader. This includes having Employee Resource Groups, such as PRIDE Health or UPMC ENABLED (Empowering Abilities and Leveraging Differences) Network, which support the implementation of our diversity strategy.
Working at
UPMC Senior Communities
UPMC Senior Communities is a reputable and leading provider of senior living and healthcare services. With a strong commitment to exceptional care, UPMC Senior Communities offers a range of options including independent living, assisted living, and memory care. As an actuary at UPMC Senior Communities, you'll be part of a dedicated team that plays a crucial role in managing risks and ensuring the financial stability of the organization. Actuaries utilize their expertise in statistical modeling, data analysis, and risk assessment to evaluate risks, develop pricing strategies, and provide insights that support evidence-based decision-making. Collaborating with cross-functional teams, actuaries at UPMC Senior Communities contribute their analytical skills to optimize financial resources, forecast trends, and develop strategies that enhance the financial health of the organization. Actuaries analyze complex data sets, assess risks, and provide recommendations that help in providing quality care to seniors while maintaining a sustainable financial model. UPMC Senior Communities values professional growth and offers ongoing training and development opportunities for actuaries. Actuaries have the chance to enhance their skills, stay up to date with industry advancements, and contribute to the success of providing exceptional care to seniors. Join UPMC Senior Communities' esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on the lives of seniors, and enjoy competitive benefits in a supportive and compassionate work environment.