Actuarial Analyst

Actuarial Analyst role at Maxicare Healthcare Corporation.

• Division: Actuarial
• Reports to (Position of Immediate Superior): Actuarial Supervisor
• Supervises (Positions of Subordinates): None

Primary Job Responsibility: Accountable for the preparation and analysis of quotation for Corporate Full Risk HMO, Corporate ASO and Corporate Full Risk and ASO within the target date.

• Duties and Responsibilities done at PERIODIC or REGULAR Intervals
• Prepares, analyses and makes recommendation on Actuarial pricing for all Corporate accounts
• Endorses Actuarial pricing to higher Actuarial Officers for validation and approval
• Escalates and routes to higher Management Officers the Actuarial pricing that is beyond the limit of the higher Actuarial Officers
• Reviews and releases approved Actuarial pricing requests to Sales Division
• Maintains and organizes Actuarial pricing files
• Attend team meetings and provide updates on ongoing analyses.
• Prepares weekly Actuarial reports.
• Collaborate with other departments to gather and validate necessary data such as Utilization, LOA Issuance, Membership and Total Contract Value
• Provides a comprehensive analysis of the utilization of key accounts using data analytics tools and presents to Sales
• Update and maintain actuarial models with current data.
• Prepare and present monthly performance reports to management.
• Gathers, validates and tabulates data needed for the regular reports of the department;
• Provides analysis on the results
• Assists in preparing quarterly regulatory filings and compliance reports.
• Assists in the annual budgeting and planning process. Assists in conducting comprehensive year-end financial analysis and reporting.
• Assists in updating long-term Actuarial pricing models with annual data. Participates in annual audits and provides necessary documentation.
• Duties and Responsibilities done at IRREGULAR or INTERMITTENT Intervals
• Prepares ad hoc studies and reports
• Participates in the Users Acceptance Test of the automation projects of the department
• Gathers, validates and tabulates data needed in updating the pricing assumptions assigned to the department
• Accompanies Sales on meetings with brokers
• Standard Responsibility Statements
• Strives to embody, commits to support and deliver the quality policy, objectives and initiatives of the organization;
• Communicates, engages, directs and supports people to contribute to the QMS effectiveness;
• Demonstrates commitment to customers by ensuring applicable statutory and regulatory requirements are determined, understood and consistently met;
• Abides by the QMS policies and procedures for the effective management and control of its processes; and
• Promotes and utilizes the Process Approach and Risk-based Thinking at work
• Performs other RELATED functions that may be assigned BY THE IMMEDIATE SUPERIOR

• MINIMUM Educational Level And Background Required By This POSITION: College Graduate of 4, 5 year-course, preferably: BS Math, Statistics, Actuarial Science or related Math courses
• EXPERIENCE AND TRAINING: PERIOD OF TIME OR LENGTH of related experience the CANDIDATE must acquire before being assigned to and perform the functions of this job, SATISFACTORY under NORMAL supervision: Three years - Less than 5 years
• SKILLS REQUIREMENT – TECHNICAL (For Tech and Business Support, Supervisory and Professional): Skilled or specialized: proficiency is gained thru wide experience in a SPECIALIZED or TECHNICAL area
• ACCOUNTABILITY – ASSETS, CASH, EQUIPMENT: This POSITION Is Accountable For Small below P500, 000. SPECIFY ASSETS, CASH AND EQUIPMENT DIRECTLY ACCOUNTED FOR: Desktop PC
• ACCOUNTABILITY – RECORDS AND DOCUMENTS: Routinely, Low - Contents are of general nature; knowledge by others is NOT INIMICAL; disclosure may not have apparent effect on the company. RECORDS AND DOCUMENTS DIRECTLY ACCOUNTED FOR: Shared Documents
• NEED FOR SUPERVISION: EXTENT of work supervised or managed by the Immediate Superior, whether the job is limited or diversified; quantify range of activities, VARIETY of tasks to be carried out, and the DIVERSITY of the problem to be solved
• Follows established procedures generally; refer only unusual cases to superior

• Mid-Senior level

• Full-time

• Finance and Sales
• Hospitals and Health Care