Associate Actuary

Are you a highly analytical and detail-oriented individual with a strong passion for the insurance industry? Look no further, as Humana is seeking an experienced Associate Actuary to join our dynamic team. As an Associate Actuary, you will play a critical role in the development and evaluation of our insurance products, ensuring their accuracy and profitability. With your expertise and dedication, you will help us fulfill our mission of improving the health and well-being of our members. If you possess strong mathematical skills, excellent problem-solving abilities, and a desire to make a positive impact, we encourage you to apply for this exciting opportunity.

1. Develop and evaluate insurance products: The Associate Actuary will be responsible for designing, developing, and evaluating insurance products to ensure their accuracy and profitability.
2. Perform actuarial analysis: The candidate will be required to perform complex actuarial analysis using mathematical and statistical concepts to assess risk and determine pricing for insurance products.
3. Ensure compliance: The Associate Actuary will be responsible for ensuring compliance with all regulatory requirements and industry standards in the development and evaluation of insurance products.
4. Conduct research: The candidate will be expected to conduct research on industry trends, market conditions, and competitive landscape to inform the development and evaluation of insurance products.
5. Collaborate with cross-functional teams: The candidate will work closely with cross-functional teams, including underwriting, product management, and finance, to develop and evaluate insurance products that meet business objectives.
6. Provide recommendations: The Associate Actuary will use their expertise to provide recommendations and insights on product pricing, risk assessment, and other actuarial matters to support strategic decision making.
7. Monitor product performance: The candidate will be responsible for monitoring the performance of insurance products and making adjustments as needed to ensure profitability and competitiveness in the market.
8. Communicate findings: The Associate Actuary will be required to communicate complex actuarial concepts and findings to non-technical stakeholders in a clear and concise manner.
9. Stay updated on industry developments: The candidate will stay updated on industry developments, including changes in regulations and advancements in actuarial methodologies, to continuously improve the development and evaluation of insurance products.
10. Contribute to team goals: The candidate will actively contribute to team goals and initiatives, working collaboratively to achieve business objectives and drive success for the company.

According to JobzMall, the average salary range for a Associate Actuary in Louisville, KY, USA is $73,000 - $105,000 per year. This may vary depending on experience, qualifications, and the specific company or industry the actuary is working in.

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. Its strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people they serve across the country. The company operates its business through the following segments: Retail, Group, and Healthcare Services.