Actuary jobs in West Covina, CA

Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

Recently Added Actuary jobs

3
Actuary I – REMOTE (must reside in California) - (LA8778)
  • 3 Key Consulting
  • Los Angeles, CA FULL_TIME
  • Job Title:  Actuary I – REMOTE (must reside in California) - (LA8778)
    Location: Los Angeles, CA. (REMOTE)
    Employment Type:  Contract
    Business Unit: Actuarial Services
    Posting Date: 01/19/2023
    Notes: Only qualified candidates need apply.


    3 Key Consulting is hiring an Actuary 1 for a consulting engagement with our direct client, a leading government funded managed care organization.

    Job Description:
    TheActuary I will report to the Director of Actuarial Services. This position will help make estimates for the monthly Financial Statements including, but not limited to, revenue projections and reserves for Incurred But Not Paid claims. Additionally, this position will assist in providing financial contracting guidelines to the Provider Network Management department.

    The Actuary I will also routinely participate in the data collection and reporting for the Rate Development Template and other Supplemental Data Requests for the Department of Health Care Services. Furthermore, this position will provide ad hoc financial analyses to external departments for new programs and projects. This Position will provide guidance and mentoring to Actuarial Analysts in the Actuarial department.

    Top Must-Have Skill Sets:
    • At least 5 five to 7 seven years of experience under the supervision of a credentialed (MAAA) Actuary; or, Four years of experience under the supervision of a credentialed (MAAA) Actuary plus successful completion of either one Fellowship Exam or 3 FSA Modules.
    • Fellowship Exams and FSA modules are administered by the Society of Actuaries.
    • Understanding of financial concepts.
    • Able to create and manage Excel spreadsheets without direction and supervision.
    • Effective oral, written and interpersonal communication skills.
    • The level of analysis and results should be more complex and well above the Actuarial Analyst III position.

    Day to Day Responsibilities:
    • Review premium rates from DHCS and assist in rate negotiations.
    • Support in monthly financial reporting by setting claims incurred but not paid reserves and other financial estimates.
    • Certify actuarial estimates for regulators and third parties including DMHC, DHCS, CMS and Covered California.
    • Analyze data for ad hoc needs including deep data dives and analyses of scenarios for new programs.
    • Assist Provider Network Management and Legal departments in financial aspects of contract negotiations and amendments.
    • Project revenue and cost of health care for the routine budgets and forecasts as well as ad hoc analyses.
    • Collaborate with other departments in work groups for key initiatives and projects.
    • Present analyses and recommendations to stakeholders, including senior management.
    • Perform other duties as assigned.

    Basic Qualifications:
    • Bachelor's Degree in Mathematics or Related Field
    • In lieu of degree, equivalent education and/or experience may be considered.
    • At least 5 five to 7 seven years of experience under the supervision of a credentialed (MAAA) Actuary and have Medical/Medicare benefit experience.
    • Attainment of Associateship in the Society of Actuaries (ASA) and Membership in the American Academy of Actuaries (MAAA).

    We invite qualified candidates to send your resume to resumes@3keyconsulting.com.  If you decide that you’re not interested in pursuing this particular position, please feel free to take a look at the other positions on our website www.3keyconsulting.com/careers. You are also welcome to share this opportunity with anyone you think might be interested in applying for this role.
  • 20 Days Ago
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D
US E-GPS Consulting - Health Actuary Consultant Profile Hire - HC/OT
  • Deloitte US
  • Los Angeles, CA FULL_TIME
  • Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? Are you interested in helping clients drive alignment with their busi...
  • 5 Days Ago
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0 Actuary jobs found in West Covina, CA area

S
Actuary REMOTE
  • Staff Financial Group
  • Irvine, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/26/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Los Angeles, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/26/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Los Angeles, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Irvine, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Los Angeles, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Los Angeles, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Irvine, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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S
Actuary REMOTE
  • Staff Financial Group
  • Los Angeles, CA
  • Actuary, ASA - REMOTE - Top Company The Actuary provides actuarial support across a broad range of actuarial and busines...
  • 4/25/2024 12:00:00 AM
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About West Covina, California

West Covina is a city in Los Angeles County, California, located 19 miles (31 km) east of Downtown Los Angeles in the eastern San Gabriel Valley and is part of Greater Los Angeles. The population for the city was 106,098 at the 2010 census....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$81,364 to $101,814
West Covina, California area prices
were up 3.2% from a year ago
View detail

What does an Actuary do?

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While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation.
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These professional organizations can play a very important role in your development as a professional actuary.
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Common Actuary duties and responsibilities include.
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