Assistant Actuary or Associate Actuary

Work Remotely from Oregon, Washington, Idaho or Utah

Primary Job Purpose

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

The Government Programs Pricing team provides pricing, strategy, and design support for fully insured Government Programs products: individual and group plans for Medicare Advantage, including Part D. Supports regulatory compliance activities and due diligence for potential program changes. Monitors product performance to inform future design and pricing actions.

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

Develops new methodologies; recommends methodology, assumptions, or process improvements to team management; may perform actuarial certification duties.

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

Demonstrated success with personal and team project management; develops workplans and documentation.

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

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

Minimum Requirements

Competencies and Knowledge:

Completed requirements for Associateship in the Society of Actuaries (ASA), or in process with equivalent actuarial experience.

Demonstrated analytical and problem-solving skills; displays curiosity.

Demonstrated knowledge of insurance company functions, operations, and data.

Effective verbal and written communications.

Ability to work independently and in teams, as appropriate, for complex projects with significant risk and financial impacts.

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.

The Associate Actuary would have a bachelor’s degree in mathematics, actuarial science, statistics, economics, computer science or related discipline, and at least four 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

Assistant Actuary

The base pay annual salary range for this job is $83,500 to $136,000

Associate Actuary

The base pay annual salary range for this job is $100,500 to $164,000

At Cambia, we take a variety of factors into account when creating a job offer, including your skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. While we offer competitive salaries, in general, we rarely hire candidates at or near the top of the salary range.  

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 and 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.