Actuarial Analyst

Minneapolis, Minnesota
Aug 21, 2021
Nov 09, 2021
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.


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.




UCare offers Medicare, Medicaid, Individual and Family health plans - powered by the hardest working people in the industry. Our people powered teams de-complicate, advocate and always go the extra mile to help our members. We serve with integrity, compassion and commitment to do right by members, providers and government partners. Above all, we come to work excited to provide members a path for the best health of their lives.


Working at UCare is more than 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. Employees join UCare and stay because of the opportunity to have a purpose-driven job.

Our strong culture has established UCare as a Star Tribune Top 150 Workplace for 12 consecutive years since the awards program began. It's a culture that embraces innovative ideas, strategic partnerships, and exemplary customer and provider experiences. Working at UCare is being a part of a people powered team dedicated to making a real difference in the lives of our members and communities.


Work Location: In the office or hybrid (in the office 3 or more days per week)

The health and safety of our employees, members, providers, and our community is our highest priority. Therefore, all new employees are expected to be fully vaccinated against COVID-19 prior to starting at UCare, subject to limited exceptions such as for a sincerely held religious belief or for medical reasons.

Position Description

This position is responsible for providing health care analytics services to support the organization and UCare management. Support a variety of actuarial and health care finance projects, up to and including support for UCare's Medicare bid process, medical and pharmacy health data analytics, and utilization and cost of care modeling. Support development of appropriate benchmarks for comparison of UCare against peers to evaluate current and potential business opportunities, as necessary.

• Support the annual CMS Part C and D Bidding processes including manual rate selection, adjustment and development, Part C and D projection factor development, model validation and peer review. Collaborate closely with actuarial staff and other key stakeholders within the organization to produce a competitive product portfolio that aligns with strategic priorities.

• Review and summarize business and competitive landscape for health insurance product segments including Medicare, Individual, and Medicaid. Review publicly available data and develop appropriate benchmarks to objectively evaluate UCare performance across a variety of measures.

• Ability to learn and apply programming skills across various ongoing financial analysis and support for managerial decision making, internal/external reporting, and financial/data support to internal business functions

• Represent Health Care Economics on UCare cross-departmental initiatives as an active contributor and reliable resource.

• Maintain appropriate documentation for departmental processes.

• Ad hoc analysis and backup support as needed.

• Other projects and duties as assigned.


Bachelor's Degree in Actuarial Science, Statistics, Finance, or related field. Two or more actuarial exams passed.

Required Experience

Two years of health industry experience. Intermediate SQL and Microsoft Excel skills.

Preferred Experience

Medicare Part C and D bid experience. Three or more exams working towards ASA. Advanced SQL and Microsoft Excel skills.


The UCare difference is our people power - employees actively working on the behalf of our members to get them access to the health care they need. We value and respect each individual's ideas and contributions, and provide the freedom to grow both personally and professionally. We are centrally located, and offer onsite education, equipment and wellness resources, and a myriad of volunteer activities. If you're looking for an inclusive environment that celebrates your people power, 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.

JOB POST DATE: 08/20/2021

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