Aetna Inc.

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Assistant Actuary

at Aetna Inc.

Posted: 6/6/2019
Job Reference #: 64648

Job Description

Job Description
-Primary responsibility is to support pricing initiativesand develop/assess market strategy in the changing 51-300 segment for NewEngland, NY/NJ, MN/AZ and Great Lakes markets. 
-Areas of focus include Aetna Funding Advantage (AFA),assessing risk-based pricing levers, assessing product strategies, andreviewing narrow network pricing.
-Support New England, NY/NJ, MN/AZ and Great Lakes marketsduring Select segment market deep dives, partnering with Product, Sales,Finance, Underwriting and the market president.
-Perform studies of risk analytics.
-Understand competitive positioning/intelligence and use toinfluence product and pricing strategies.
-Assist with key actuarial priorities, including forecastingand reserve analysis.
-May assist in pricing for New York SG ACA market withsignificant membership, as well as emerging Professional Employer Organizations(PEOs)


Job Group

Full or Part Time
Full Time

Supervisory Responsibilities

Percent of Travel Required
0 - 10%

Posting Job Title
Assistant Actuary

Potential Telework Position

Additional Locations

Primary Location (City, State)

EEO Statement
Aetna is an Equal Opportunity, Affirmative Action Employer

Resource Group

Additional Job Information

Key Competencies Required:

-Solid technical/analytical skills and attention to detail.

-Ability to think creatively and use analytics to solve
ambiguous problems.

-Customer-focused mindset and willingness to address
concerns of key market partners.

-Ability to understand complex concepts and communicate
effectively to both technical and less-technical audiences.

-Comfortable working in a fast-paced environment and can
effectively manage multiple priorities.

-Able to work effectively in a team setting and

Fundamental Components

- Management of Resources-
Successfully manage projects and initiatives to conclusion. Exhibit innovative
use of resources.

- Scope of Decision Making-
Exercise decision making within scope of authority.

- Aetna Way- Exhibit behavior
that reflects Aetna’s values and is in accordance with the Aetna Way.

Product & Business

- Assumptions & Data
Sources- Demonstrate understanding of existing data sources. Proactively seek
out new data sources to support/challenge existing assumptions and recommend
alternatives/improvements as necessary.

- Programs, Policies &
Processes- Demonstrate understanding of interdepartmental products, programs,
processes and policies; research problems and issues and suggest resolution.

- Regulatory Issues-
Demonstrate understanding of regulatory compliance issues.

Risk Analysis &

- Risk Assessment- Demonstrate
in-depth understanding of specific risks. Share results of analysis with

- Reserve Analysis- Analyze
claim data and make recommendations for appropriate reserve levels.

- Planning & Forecasting-
Oversee technical support and analysis for planning, forecasting and reporting
process. Make recommendations to management.

- Pricing, Trend & Benefit
Design- Oversee development of pricing and trend for product and/or services.
Understand and communicate financial impact to management.

Technical Proficiency:

- Use of Technology- Develop
creative technical solutions to a variety of problems. Stay apprised of
technical innovations as potential solutions for actuarial issues and concerns.

Communication, Collaboration
& Consultation:

- Constituent Focus- Represent
actuarial /serve as project team lead on interdepartmental teams to shape
process and policy.

- Verbal and Written Communication-
Address complex inquiries. Prepare communications for internal and external
constituents. Maintain accurate documentation and manage training and user
support for tools and processes. Interaction with Constituents

- Independently collaborate
with internal and external constituents.

Background Experience
Bachelor's degree along with 5+ years relevant experience.
Must be an ASA or FSA and is typically a member of the American Academy of Actuaries (or other accredited actuarial organization) able to sign state rate filings and other required actuarial certifications.
Strong communication skills
Healthcare experience is desired

Required Skills
General Business - Communicating for Impact, General Business - Turning Data into Information, Leadership - Collaborating for Results

Minimum Functional Experience
Actuarial - Financial actuarial analysis, Actuarial - Risk analysis/management

Benefits Program
Benefit eligibility may vary by position. Click here to review the benefits associated with this position.

Candidate Privacy Information
Aetna takes our candidate's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.