Healthcare Actuarial Analyst

Brown & Brown Insurance

2d•$120,000 - $120,000

About The Position

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. Brown & Brown is seeking a Healthcare Actuarial Analyst to join our growing team! In this role, you will work with other team members to provide high quality deliverables to our large employer, insurer, provider and care solution clients through data-driven insights and strategic actuarial expertise. You will support initiatives that directly impact our clients’ success in managing their risk across their healthcare programs -- whether it’s designing innovative products, optimizing pricing strategies or networks, performing actuarial studies such as reserve analyses or evaluating care management models. How You Will Contribute: Support a diverse range of actuarial or analytical projects and effective client deliverables Develop an understanding of core actuarial concepts and their applications to tools and best practices Identify and bring attention to data issues and outliers in results Provide actuarial support to internal business partners on client deliverables Develop presentation materials and communicate results to stakeholders Assist in the development of actuarial models. Foster strong cross-functional relationships with other B&B teams to ensure accurate, timely teamwork and project execution Skills & Experience to Be Successful: Bachelors’ degree in related fields (e.g., mathematics, statistics, actuarial science) On Actuarial Exam track, with 2+ Actuarial exams passed 3+ years of healthcare actuarial experience in one or more of the following areas preferred: Knowledge of commercial healthcare and healthcare stop loss markets and products Traditional Health & Welfare benefits actuarial consulting and underwriting experience Reserving, pricing and financial modeling for both first dollar and medical stop loss Experience with alternative funding arrangements such as MEWAs and Captives Experience in actuarial model development Knowledge of healthcare databases and data sources (claims, encounters, labs, EMR etc.) Strong analytical skills with the ability to collect, organize, analyze, conceptualize, problem solve, and communicate information clearly and collaboratively with attention to detail, accuracy, timeliness Proven critical thinking skills that allow you to push through the data and find effective solutions Experience building quantitative models in Excel, SQL (Structured Query Language), VBA (Visual Basic for Applications), and/or Python or R. Excellent interpersonal skills, oral and written, particularly in conveying complex topics to non-expert audiences and a professional presence Pay Range $120,000 - $120,000 Annual The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role. Teammate Benefits & Total Well-Being We go beyond standard benefits, focusing on the total well-being of our teammates, including: Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more. Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations. The Power To Be Yourself As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”. We think of ourselves as a team, so we have teammates - not employees. We strive to attract people who are competitive, driven, and disciplined. Built on meritocracy, our unique company culture rewards self-starters and those who are committed to always doing what is best for our customers. Founded in 1939 as a small, two-partner firm, Brown & Brown (NYSE: BRO) and our team of companies have grown into one of the world’s largest insurance brokerages while staying true to our foundation of trust, resilience, and delivering results. With a team that is as connected locally as it is globally, our high-performing, highly collaborative team delivers innovative risk and insurance solutions. We look for individuals who embrace our culture, thrive in a collaborative environment, are driven to grow and succeed, and are committed to always doing what is right. With a unique culture built on integrity, superior capabilities and grit, we value teamwork, trust and courage. We think of ourselves as a team, so we have teammates—not employees, and leaders—not managers. Everything we do is about the greater “WE”—never “me.” While diverse in abilities and experience, we are all connected through our core values, a commitment to our local communities and a shared mission—always doing what is best for our customers. If you are an existing Brown & Brown teammate, please click here to apply to a job on our internal career site.

Requirements

Bachelors’ degree in related fields (e.g., mathematics, statistics, actuarial science)
On Actuarial Exam track, with 2+ Actuarial exams passed
Strong analytical skills with the ability to collect, organize, analyze, conceptualize, problem solve, and communicate information clearly and collaboratively with attention to detail, accuracy, timeliness
Proven critical thinking skills that allow you to push through the data and find effective solutions
Experience building quantitative models in Excel, SQL (Structured Query Language), VBA (Visual Basic for Applications), and/or Python or R.
Excellent interpersonal skills, oral and written, particularly in conveying complex topics to non-expert audiences and a professional presence

Nice To Haves

3+ years of healthcare actuarial experience in one or more of the following areas preferred:
Knowledge of commercial healthcare and healthcare stop loss markets and products
Traditional Health & Welfare benefits actuarial consulting and underwriting experience
Reserving, pricing and financial modeling for both first dollar and medical stop loss
Experience with alternative funding arrangements such as MEWAs and Captives
Experience in actuarial model development
Knowledge of healthcare databases and data sources (claims, encounters, labs, EMR etc.)

Responsibilities

Support a diverse range of actuarial or analytical projects and effective client deliverables
Develop an understanding of core actuarial concepts and their applications to tools and best practices
Identify and bring attention to data issues and outliers in results
Provide actuarial support to internal business partners on client deliverables
Develop presentation materials and communicate results to stakeholders
Assist in the development of actuarial models.
Foster strong cross-functional relationships with other B&B teams to ensure accurate, timely teamwork and project execution