Location: Grand Rapids, MI
Cap-Exempt H-1B Position — No lottery required
**Job Summary** The Senior Actuarial Analyst will work on the Actuarial Economics team. This job will require support of key business functions including monthly medical expense reserve valuation and reconciliation, medical trend analysis, medical expense budgeting and reporting, and experience analysis. This will include obtaining, analyzing, and summarizing data, developing and updating reserve models and databases, performing deep dive analysis, running regular trend reports, analyzing and interpreting results and communicating the results and initial recommendations to management and other departments. **Essential Functions** - Obtain, prepare, and analyze claims information for use in developing the monthly medical expense reserve valuation. Maintain quality documentation for all work products. - Develop and maintain reserve models to support internal valuation of Incurred But Not Reported (IBNR) Medical Costs. - Develop models and assumptions for medical expense budgeting across all lines of business. - Perform variance analysis of actual to budgeted results and summarize causes for variances. - Perform research needed in areas such as claims development analysis, medical trend analysis, medical claims seasonality analysis, among others. - Run reports, update databases, conduct research for the Actuarial Economics department. - Make recommendations for streamlining and improving processes and implement approved changes. - Make expected progress in the actuarial exams process, if applicable. **Qualifications** Required - Bachelor's Degree actuarial science or related discipline such as business, economics, statistics or math - 2 years of relevant experience actuarial or related work experience in the health care industry - Proficiency with Microsoft Office products (specifically Excel). - Successful completion of 3+ actuarial exams (not including VEE) Preferred - Thorough knowledge of generally accepted actuarial principles - Thorough knowledge of factors that