Assistant Actuary I

Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together, we will achieve our mission to enhance the health and well-being of the people and communities we serve.

We are seeking a dedicated Assistant Actuarial I to join our Actuarial Services team, focusing on health value optimization. This role involves critical analysis and support for cost-of-care initiatives, ensuring these align with our strategic goals in health value optimization. The successful candidate will play a key role in influencing how our initiatives contribute to the overall value and efficiency of healthcare delivery.

Key Responsibilities:

Analyze and evaluate cost of care savings initiatives with a focus on health value optimization, financial implications, and risk assessment

Apply advanced actuarial techniques to model and forecast the impact of initiatives on healthcare costs and quality

Collaborate with Clinical Care Innovation, Provider Contracting, and Product teams to ensure initiatives support health value optimization objectives

Support medical cost claim drilldowns and ideation of cost savings initiatives

Review and analyze industry benchmarks/surveys

Ensure compliance with relevant regulations and standards

Communicate complex actuarial analyses and strategies to internal and external stakeholders

Qualifications

Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Services, or related field or equivalent work experience.

Completion of ASA designation is required for Assistant Actuary I and a minimum of three years of experience.

Solid mathematical background, including experience working with risk models, actuarial or mathematical analysis, and using automated or statistical analysis tools, proficiency in Excel required.

Knowledge of SQL server a plus. Excellent organizational, analytical, and communication skills required.

Hybrid:

Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania.

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.