Senior Actuarial Analyst


Chicago
Permanent
$85,000 - $120,000 USD a year
Insurance and Actuarial Science
PR/610469_1790204482
Senior Actuarial Analyst

Position Summary

We are seeking a Senior Actuarial Analyst to support Medicaid and Value-Based Care (VBC) initiatives through advanced actuarial analysis, financial modeling, and healthcare analytics. This individual will play a key role in evaluating population health performance, monitoring financial outcomes, and driving data-informed decision making across value-based programs. The ideal candidate will bring a strong analytical background, hands-on SQL experience, and deep knowledge of healthcare financial metrics including PMPM and MLR.

Key Responsibilities

  • Analyze Medicaid populations and value-based care arrangements to identify cost, utilization, and quality trends.
  • Develop and maintain financial models supporting VBC programs, capitation arrangements, shared savings initiatives, and risk-based contracts.
  • Perform PMPM (Per Member Per Month) analyses to evaluate healthcare cost drivers and support forecasting activities.
  • Monitor and analyze Medical Loss Ratio (MLR) performance, providing actionable insights to leadership and operational teams.
  • Utilize SQL to extract, manipulate, and analyze large healthcare datasets from multiple sources.
  • Support actuarial forecasting, budgeting, and financial planning processes.
  • Develop reporting and dashboards that track financial, operational, and population health performance metrics.
  • Collaborate with Clinical, Network, Finance, Population Health, and Analytics teams to evaluate program effectiveness and identify opportunities for improvement.
  • Conduct ad hoc analyses related to cost containment, utilization management, risk adjustment, and provider performance.
  • Present findings and recommendations to stakeholders in a clear and concise manner.

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative field.
  • 3+ years of actuarial or healthcare analytics experience, preferably within Medicaid, managed care, or value-based care environments.
  • Progress toward ASA designation preferred.
  • Advanced SQL skills with experience working with large healthcare claims and membership datasets.
  • Experience performing PMPM cost analysis, trend studies, forecasting, and financial performance reporting.
  • Strong understanding of MLR, healthcare economics, and actuarial principles.
  • Experience supporting Value-Based Care programs such as MSSP, ACOs, shared savings arrangements, capitation, or other risk-based contracts preferred.
  • Proficiency with Excel and data visualization tools such as Power BI, Tableau, or similar platforms.
  • Excellent analytical, problem-solving, and communication skills.

Preferred Experience

  • Medicaid managed care experience.
  • Knowledge of provider contracting, population health, and quality performance metrics.
  • Experience working with healthcare claims, encounter, pharmacy, and membership data.
  • Exposure to risk adjustment, forecasting, and financial modeling in a VBC environment.

This role offers the opportunity to directly influence Medicaid and Value-Based Care strategy through sophisticated actuarial analysis, financial modeling, and data-driven insights.

FAQs

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