In accordance with Colorado's EPEWA Equal Pay Transparency Rules.
Operating a hospital is more than IV bags and trauma rooms. One might be surprised by the number of people - and the hats they wear - who work behind the scenes to make sure a hospital runs smoothly and safely for our patients, visitors and staff. Each one plays a critical role and is part of a team to ensure the best care for our patients.
This is a highly visible team where you will have the opportunity to be a part of healthcare transformation as Banner continues to expand our health plan services, working with leadership to build relationships and be part of the strategic growth plan. Banner Health is known nationally as a trailblazer in new health care models, where insurance plans and physicians come together to work collaboratively to make things easier for our members.
This position will perform healthcare actuarial analyses under the supervision of senior actuarial staff. Their work will focus on healthcare analytics, analyzing financial risk, projections, pricing, etc. They will work on a new and growing team and have the unique opportunity to watch their work come to fruition.
Banner Health Network (BHN) is an accountable care organization that joins Arizona's largest health care provider, Banner Health, and an extensive network of primary care and specialty physicians to provide the most comprehensive healthcare solutions for Maricopa County and parts of Pinal County. Through BHN, known nationally as an innovative leader in new health care models, insurance plans and physicians are coming together to work collaboratively to keep members in optimal health, while reducing costs.
This position will assist in healthcare actuarial analyses under the supervision of senior actuarial staff. The position will either have knowledge of, or will become knowledgeable in, Medicare Shared Savings Program (MSSP) Accountable Care Organizations (ACOs), Commercial ACOs, Employer Plans, Medicare Advantage Prescription Drug plans (MA-PD), Medicaid, Medical Economics, and other healthcare data analytics. The actuarial analyst will be encouraged to progress in their career development as an actuary by passing exams and obtaining credentials in the Society of Actuaries (SOA) under the Banner Actuarial Professional Development Program.
1. Assist in healthcare actuarial analyses under the supervision of senior actuarial staff.
2. Assist in projections, pricing, reserving, and other analyses using tools developed in Excel, SAS, Teradata, Tableau, and other software, with the oversight and feedback from senior actuarial staff.
3. Develop/present results of the performed analyses to senior actuarial staff and/or insurance division executives.
4. Participate in the development of actuarial models and reports for the continued growth of the actuarial team.
5. Provide support to actuarial staff in performing IBNR estimates, financial reporting, and rate adequacy studies.
6. Research and compile information about healthcare regulations to support senior actuarial staff.
7. Progress in the actuarial exam process towards becoming an Associate in the Society of Actuaries (ASA) and/or Fellow in the Society of Actuaries (FSA).
8. Performs all functions according to established policies, procedures, regulatory and accreditation requirements, as well as applicable professional standards.
Provides all customers of Banner Health with an excellent service experience by consistently demonstrating our core and leader behaviors each and every day.
NOTE: The essential functions are intended to describe the general content of and requirements of this position and are not intended to be an exhaustive statement of duties. Specific tasks or responsibilities will be documented as outlined by the incumbent's immediate manager.
Bachelor's Degree in Statistics, Mathematics, Actuarial Science, Business, Finance, or Healthcare Administration.
License/Certification: Passed at least 1 actuarial exam. Knowledge of software for data analysis; specifically, spreadsheets (e.g. MS Excel, VBA), data extraction and manipulation (e.g. SAS, Teradata, R) and data visualization (e.g. Tableau).
Two or more years of actuarial experience in healthcare.
Licenses/Certification: Associate of the Society of Actuaries (ASA) designation.
Internal Number: R23248
About Banner Health
You want to change the health care industry – one life at a time. You belong here. You’re excited to be part of the dramatic changes happening in the health care field. In fact, you thrive on change. But you also understand that excellent, compassionate patient care is the true measure of the success of these changes. You belong at Banner Health. Our award-winning, comprehensive health system includes 23 hospitals in seven western states, primary care health centers, research centers, labs, a network of physician practices and much more. Throughout our system, skilled, compassionate professionals use the latest technology to change the way care is provided. If you’re looking to be a key contributor to a forward-looking organization, you’ll experience a wide variety of professional advantages: •Our vision for changing the future of health care gives you the opportunity to leverage your abilities to achieve something historic. •Our expansive system offers you an unmatched variety of clinical settings – from large urban trauma center to small rural hospital, ambulatory to home health. Our system also includes hospitals specializing in cancer, heart health and pediatrics. •Our many loc...ations also translate into a broad selection of exciting and rewarding lifestyle options – from the big city to the wide-open spaces. •Our commitment to healthcare innovation means you always have the latest technologies at your fingertips to help you provide the finest care possible. •The size, success and growth of our system provide you with the stability and options to pursue your desired career path. •Our competitive compensation and comprehensive benefits offer you options to complement your unique needs.