Job Summary
Responsible for estimating liabilities, establishing premium rates, financial analysis and reporting. Extracts, analyzes, and synthesizes data from various sources to identify risks.
Knowledge/Skills/Abilities
• Lead IBNR estimation process and rate adequacy studies. Coordinate with health plan management teams. Communicate findings to Molina Executive management and design/implement appropriate follow-up analyses.
• Design and perform projections and analysis to support capitation rate negotiations, new business development, rate filings and bids, mergers, and regulatory reporting requiring collaboration with corporate and health plan senior management teams.
• Provide technical guidance and coaching to actuarial department staff.
• Stay abreast of professional developments and industry trends.
Job Qualifications
Required Education
Bachelor's degree
Required Experience
6-7 Years
Required License, Certification, Association
Associate of the Society of Actuaries, Member of the American Academy of Actuaries
Preferred Experience
7+ Years
Medicare
Acquisition experience
Python
Executive presentation experience.
Preferred License, Certification, Association
Fellow of the Society of Actuaries, Member of the American Academy of Actuaries
To all current Molina employees: If you are interested in applying for this position, please apply through the intranet job listing.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V.
Pay Range: $117,731.25 - $229,575.94 a year*
*Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
Pay Range: $105,958.12 - $229,575.94 / ANNUAL
*Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
About Us
Molina Healthcare is a nationwide fortune 500 organization with a mission to provide quality healthcare to people receiving government assistance. If you are seeking a meaningful opportunity in a team-oriented environment, come be a part of a highly engaged workforce dedicated to our mission. Bring your passion and talents and together we can make a difference in the lives of others. Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V.
Job Type: Full Time
Posting Date: 07/26/2024
Working at
Molina Healthcare
Molina Healthcare is a leading managed healthcare company dedicated to providing quality healthcare services to underserved communities. With a strong commitment to improving access to care, Molina Healthcare offers a wide range of health insurance plans and solutions. As an actuary at Molina Healthcare, you'll play a crucial role in assessing and managing risks to ensure the financial stability of the company's healthcare offerings. Actuaries at Molina Healthcare utilize their expertise in statistical analysis and risk assessment to develop pricing strategies, analyze healthcare trends, and provide insights that support evidence-based decision-making. Molina Healthcare's focus on serving vulnerable populations and providing cost-effective care creates unique challenges and opportunities for actuaries. Collaborating with cross-functional teams, actuaries at Molina Healthcare analyze complex healthcare data, identify trends, and develop innovative solutions that improve health outcomes while managing costs. Professional growth is highly valued at Molina Healthcare, and actuaries have access to ongoing training and development opportunities. Actuaries can enhance their skills and expertise while contributing to the company's mission of providing quality healthcare to those who need it most. Join Molina Healthcare's esteemed actuarial team and embark on a fulfilling career where you can make a meaningful impact on underserved communities, drive healthcare innovation, and enjoy a supportive work environment.