Forecasting Actuary

Are you a highly analytical and strategic thinker with a passion for using data to make informed decisions? If so, Kaiser Permanente is seeking a Forecasting Actuary to join our dynamic team. As a healthcare leader, we are dedicated to providing our members with the best care possible, and we need someone with your skills to help us achieve that goal. In this role, you will use your expertise in statistical modeling and forecasting to guide our organization's financial planning and decision-making processes. Join us and make a meaningful impact on the future of healthcare.

1. Develop and maintain accurate and reliable statistical models for forecasting healthcare costs and utilization trends.
2. Utilize data analysis techniques to identify patterns and trends in healthcare data and provide insights for strategic decision-making.
3. Collaborate with cross-functional teams to gather and analyze data from various sources, including claims data, financial data, and market trends.
4. Monitor and report on key performance indicators related to healthcare costs and utilization, and make recommendations for improvement.
5. Conduct research and keep up-to-date on industry trends, regulations, and best practices to inform forecasting methodologies.
6. Work closely with the finance team to develop long-term financial plans and projections based on forecasted trends.
7. Communicate complex data and analysis to non-technical stakeholders in a clear and concise manner.
8. Lead the development and implementation of new forecasting models and methodologies to continuously improve accuracy and effectiveness.
9. Collaborate with actuaries and other analysts to validate forecasting assumptions and results.
10. Ensure compliance with regulatory requirements and internal policies and procedures related to forecasting and financial planning.
11. Train and mentor junior team members on forecasting techniques and best practices.
12. Participate in cross-functional initiatives to drive innovation and improvement in healthcare forecasting and decision-making processes.
13. Act as a subject matter expert on healthcare forecasting and provide guidance and support to other teams within the organization.
14. Continuously evaluate and improve forecasting processes and tools to increase efficiency and accuracy.
15. Represent the organization in external forums and conferences to share insights and best practices related to healthcare forecasting.

According to JobzMall, the average salary range for a Forecasting Actuary in Oakland, CA, USA is $95,000 - $150,000 per year. This range can vary depending on factors such as education, experience, and employer. Some actuaries may also receive bonuses and other benefits in addition to their base salary.

Kaiser Permanente is an American integrated managed care consortium, based in Oakland, California, United States, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney Garfield.