Department: Finance
Employment Type: Full Time
Location: 1668 S. Garfield Ave. 2nd Floor, Alhambra, CA 91801
Compensation: $100,000 - $130,000 / year
Description
We are seeking an Actuarial Senior Analyst who thrives on independent thinking and enjoys building models and analyses from the ground up. This role offers the opportunity to leverage your healthcare and actuarial expertise to contribute to our leading position in the value-based care revolution. Reporting to the Senior Manager, Actuary, this position is open for remote work.
What You'll Do
- Reserving: Develop and maintain actuarial models to estimate liabilities for Incurred but Not Paid (IBNP) claims across all lines of business (Medicare, Medicaid, and Commercial).
- Earnings Reporting: Assist in quarterly earnings reporting to provide financial clarity for internal and external stakeholders of a publicly traded company.
- Financial Planning and Analysis: Support budgeting and forecasting by designing P&L models, forecasting tools, and identifying emerging trends.
- Cost Trend Evaluation: Manage the Actuarial Trend Model used in operational and financial decision-making and analyze healthcare utilization patterns and cost trends to identify areas for improvement and opportunities for cost savings.
- Actuarial Studies: Develop actuarial studies relating to items such as seasonality, trend, and inventory levels.
- Audit and Reporting: Identify, develop, and document audit findings, presenting results to key stakeholders to inform strategic decisions.
- Infrastructure Development: Build robust analytical infrastructure, including comprehensive reports and dashboards, to monitor expense experience.
- Risk Adjustment: Convert operational risk adjustment data into actionable financial insights.
- Cross-Functional Collaboration: Work closely with teams across Analytics, Contracting, Data, Finance, M&A, Medical Economics, and Operations.
- Ad Hoc Analysis: Support a fast-growing company with diverse actuarial projects and requests as they arise.
Qualifications
- FSA or ASA credentials or seeking attainment of ASA credentials.
- 3+ years of experience in actuarial roles.
- 1+ years of reserving experience in actuarial roles.
- Strong reserving skills and background.
- Some experience in forecasting/pricing.
- Advanced knowledge of Microsoft Excel.
- Intermediate knowledge of SQL.
- Proficiency and desire to build actuarial models from scratch.
- Comfortable working on a small team in a fast-paced environment.
Preferred Qualifications:
- 1+ years of experience in VBC or VBC adjacent roles.
- Experience with a variety of different LOBs.
- Experience producing public financial reports.
- Experience working on the provider side of healthcare.
- Risk adjustment experience.
- Experience with PowerBI.
- Experience in the California healthcare market.
- Champion of independent critical thinking, unafraid to challenge the status quo and explore innovative solutions.
Who We Are
Astrana Health, formerly known as Astrana Health, (NASDAQ: ASTH) is a physician-centric, technology-powered healthcare management company. We are building and operating a novel, integrated, value-based healthcare delivery platform to empower our physicians to provide the highest quality of end-to-end care for their patients in a cost-effective manner. Our mission is to combine our clinical experience, best-in-class delivery network, and technological expertise to improve patient outcomes, increase access to healthcare, and make the US healthcare system more efficient.
Our platform currently empowers over 10,000 physicians to provide care for over 1.2 million patients nationwide. Our rapid growth and unique position at the intersection of all major healthcare stakeholders (payer, provider, and patient) gives us an unparalleled opportunity to combine clinical and technological expertise to improve patient outcomes, increase access to quality healthcare, and reduce the waste in the US healthcare system.
Our Values:
- Put Patients First
- Empower Entrepreneurial Provider and Care Teams
- Operate with Integrity & Excellence
- Be Innovative
- Work As One Team
Environmental Job Requirements and Working Conditions:
- This position has the option to be remotely based in the U.S. Conversely, candidates can choose to work in a hybrid fashion and work through the Alhambra, CA Astrana Health office.
- The hiring manager for this role sits in the Eastern Time Zone, while many of the business partners work on Pacific Time.
- The total compensation target pay range for this role is: $100,000 - $130,000. The salary range represents our national target range for this role.
- Astrana Health offers a competitive Actuarial Student Program for any candidates seeking their ASA or FSA credentials.
Astrana is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. All employment is decided on the basis of qualifications, merit, and business need. If you require assistance in applying for open positions due to a disability, please email us at humanresourcesdept@astranahealth.com to request an accommodation.
Additional Information:
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.