Senior Actuarial Analyst

Minneapolis, Minnesota
Dec 02, 2016
Jan 18, 2017
Employment Status
Full Time

Health Care that Starts with You!

Join a truly mission-driven organization! Independent, nonprofit UCare is recognized as one of the Minnesota's leading health plans. We provide more than 225,000 members across Minnesota and western Wisconsin with the health coverage plans and services they need to maintain and improve their health. The innovative coverage we create makes a difference for Medicare-eligible individuals, individuals and families enrolled in Minnesota Health Care Programs, such as MinnesotaCare and Medical Assistance, and disabled adults with special health care needs. UCare is growing in size, membership, products, geographic coverage, and employees. We're an organization that's going places. Be part of a team that cares about you, be part of UCare.



At UCare, we deliver high-quality health coverage and services to help members of all ages maintain and improve their health. It's a big job that takes innovative ideas, strategic partnerships, and a commitment to doing the right thing. Above all, it takes a compassionate team that is dedicated to making a real difference in the lives of our members and our communities.


Working at UCare is more than just a career; it's a mission. A mission that defines us as professionals, unites us as an organization, and shapes how we interact with our members and each other. Our values of integrity, community, quality, flexibility, and respect permeate every aspect of our organization - from who we are and how we act, to what we do and how we do it. We owe our continued success to our employees who proudly embody our mission and values in everything they do.


Position Description

This position is responsible to support overall pricing strategies for UCare's Commercial products. Develop and enhance actuarial models and reporting for Commercial business. Build new products, product modeling capabilities, benefits, and AV (actuarial value) calculator adjustments. Support Medicare Advantage product line; complete actuarial experience studies, enhance and maintain Medicare Advantage pricing models. Summarize data to support and develop product portfolio recommendations.

 ·Develop, understand and maintain industry knowledge for both individual Commercial and Medicare Advantage products

·Construct and apply actuarial models to solve business questions. Applications include pricing, trend development, and scenario testing

·Collaborate with Corporate Actuary to provide data analysis and support for Commercial rate filings. Coordinate data requests from key stakeholders needed to finalize filing submissions.

·Evaluate and understand AV calculator. Establish methodology for adjusting AV calculator as needed.

·Perform actuarial experience studies for Medicare Advantage products and provide recommendations for improvements to product design.

·Maintain and enhance Medicare Advantage pricing models.

·Participate in Commercial and Medicare Advantage product development cycle, including new product offerings

·Assess competitive landscape, perform competitive analyses and value impact of benefit differentials.

·Support annual budget process for the Commercial products.

·Understand key trend drivers and provide detailed trend analysis.

·Collaborate with internal and external stakeholders from a variety of backgrounds. Build/Strengthen relationships with stakeholders and understand how actions impact/influence others.

·Serve as Health Care Economics representative on various ad-hoc work groups. Provide ad-hoc financial analysis as needed.

·Other projects and duties as assigned.


Actuarial Science, Mathematics, Business Degree or related field.

Required Experience

2 years related experience in Actuarial consulting or direct health insurance industry experience.   2-4 Exams Passed and completion of VEE credits.

Preferred Experience

Strong technical skills with SQL and/or SAS.  Health insurance product pricing experience.


UCare is proud to be a recognized Star Tribune Top Workplace for the 7th consecutive year. As a part of our collaborative team, you'll experience the rewards that come with helping others and seeing the positive results of your hard work. We value and respect each individual's ideas and contributions, and give you the freedom to grow both personally and professionally. We are centrally located, and offer onsite education, equipment and wellness resources, a myriad of volunteer activities, and a number of other rewards. If you're looking for a welcoming environment that celebrates what you have to offer, helps you build on your strengths, and gives you the opportunity to truly make a difference, we invite you to apply.

As an Equal Opportunity/Affirmative Action Employer, we welcome and employ a diverse employee group committed to meeting the needs of UCare, our members, and the communities we serve.


Enter a highly collaborative environment where people are truly engaged, and feedback is valued. You'll enjoy a competitive salary and benefits, as well as a host of other perks, including a nationally recognized wellness program, and a bright, open, award-winning office space in Northeast Minneapolis just minutes from major freeways and retail centers. At UCare, we welcome and employ a diverse employee group committed to meeting the needs of UCare, our members, and the communities we serve.

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