Assistant Actuary

Work Remotely from Oregon, Washington, Idaho or Utah

Primary Job Purpose

The Assistant Actuary leads and performs technical, analytical, reporting and support functions, collaborating with peers and management, to help the Cambia Actuarial and Healthcare Informatics departments and the company meet market and financial goals.

The Large Group Pricing team supports financial and risk analysis for large insured or self-insured employer groups. The successful applicant could be involved in all areas of related analysis including: benefits pricing, model development and maintenance, performance monitoring, self-funded business analytics, stop loss, pharmacy, regulatory and compliance, etc.  

Cambia Actuarial and Healthcare Informatics includes over 100 actuaries, consultants, data analysts and statisticians who provide pricing, financial and statistical projections and analysis, risk evaluation, research, and custom reporting for Cambia’s health plans and customers in Idaho, Oregon, Utah, and Washington. We ensure our products are appropriately priced, our financial positions are appropriately stated and projected, and our leaders and customers are appropriately informed to make strategic decisions, reflecting the expected risk.

General Functions and Outcomes

Expertise in insurance data, Microsoft Office Suite, and coding for model development and data queries.

Manages regular team projects, workplans and documentation; actively collaborates with peers; may delegate to junior team members.

Develops new methodologies; recommends methodology or process improvements.

Presents results to customers; effectively develops and reviews written responses to regulator or customer questions.

Performs peer review of regular and ad hoc work products, following department and team quality assurance standards; understands risk level of work products; considers applicable Actuarial Standards of Practice.

Meets established project deadlines; informs manager of work progress, new requests, and conflicts.

Regular progress on passing actuarial exams to achieve actuarial credentials (ASA, MAAA).

Effectively manages work and study time; actively contributes to own development plan.

Minimum Requirements

Competencies and Knowledge:

In process of completing, or completed, requirements for Associateship in the Society of Actuaries (ASA).

Demonstrated analytical and problem-solving skills; displays curiosity.

Business sense, including finance, accounting, economics, statistics, and risk management principles.

Effective verbal and written communications.

Ability to work independently and in teams, as appropriate.

Demonstrated technology expertise with Microsoft Office Suite and coding (e.g., SQL, SAS, Alteryx).

Normally to be proficient in the competencies listed above:

The Assistant Actuary would have a bachelor’s degree in mathematics, actuarial science, statistics, economics, computer science or related discipline, and at least two years of increasingly responsible actuarial job experience, or an equivalent combination of education and experience.

Required Licenses, Certifications, Registration, Etc.

NA

Work Environment

Travel may be required, either locally or out of state

May be required to work outside of normal business hours

The expected hiring range for a Assistant Actuary is $88,500.00 - $120,500.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 10%.  The current full salary range for this role is $83,500.00 to $136,000.00.

#LI-remote

Base pay is just part of the compensation package at Cambia that is supplemented with an exceptional 401(k) match, bonus opportunity and other benefits. In keeping with our Cause and vision, we offer comprehensive well-being programs and benefits, which we periodically update to stay current. Some highlights:

• medical, dental, and vision coverage for employees and their eligible family members

• annual employer contribution to a health savings account ($1,200 or $2,500 depending on medical coverage, prorated based on hire date)

• paid time off varying by role and tenure in addition to 10 company holidays

• up to a 6% company match on employee 401k contributions, with a potential discretionary contribution based on company performance (no vesting period)

• up to 12 weeks of paid parental time off (eligible day one of employment if within first 12 months following birth or adoption)

• one-time furniture and equipment allowance for employees working from home

• up to $225 in Amazon gift cards for participating in various well-being activities. for a complete list see our External Total Rewards page.