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Actuary In Jobs in Arizona (NOW HIRING)

Government Healthcare Actuary Lead

Phoenix, AZ ยท Hybrid

$115K - $136K/yr

This role will be based in Phoenix, Atlanta, D.C., or Minneapolis. This is a hybrid role that has a ... Lead a team that of actuaries, actuarial and data analysts, clinicians and health policy ...

Work you'll do As an Actuarial Manager on the Human Capital team, you will be responsible for ... Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment * Strong ...

Work you'll do As an Actuarial Senior Consultant on the Insights, Innovation & Operate team, you ... Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment * Strong ...

Bachelor's degree * 2+ years of health actuary experience in consulting and/or health plan/insurance company * 1+ year of experience with Medicaid managed care capitation rate development and/or fee ...

With the rapid pace of change in today's world, you will help clients answer questions like: How do ... actuary experience and consulting and/or health plan/insurance company experience * 2+ years of ...

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Actuary In information

What is the difference between Actuary In vs Actuary?

AspectActuary InActuary
CredentialsRequires actuarial exams, typically ASA or FSARequires actuarial exams, typically ASA or FSA
Work EnvironmentInsurance companies, consulting firms, or government agenciesInsurance companies, consulting firms, or government agencies
Industry UsageCommonly used in insurance and risk management sectorsCommonly used in insurance and risk management sectors
Job FocusAnalyzing risk, pricing policies, reserving, and financial modelingAnalyzing risk, pricing policies, reserving, and financial modeling

Actuary In and Actuary roles share similar credentials, work environments, and industry usage. The main difference lies in the job titles' emphasis, with "Actuary In" often indicating an entry or specific position within an organization, while "Actuary" is a broader term for professionals performing risk analysis and financial modeling in insurance and related fields.

What kind of jobs do actuaries do?

Actuaries analyze financial risks using mathematics, statistics, and financial theory to help organizations manage uncertainty. They often work in insurance, pension planning, healthcare, and investment sectors, developing models to assess risk and determine pricing or reserves. Certification through exams such as the SOA or CAS is typically required for advanced roles.

What jobs can you get with actuary?

An actuary can pursue roles such as risk analyst, insurance underwriter, pension consultant, financial analyst, or data scientist. These jobs typically require strong analytical skills, knowledge of mathematics and statistics, and often professional certifications like the ASA or FSA. Actuaries work in insurance companies, consulting firms, government agencies, and financial institutions.

What's harder, CPA or actuary?

Actuary is generally considered more challenging than CPA because it requires passing a series of rigorous exams focused on mathematics, statistics, and risk assessment, often taking several years to complete. CPAs primarily focus on accounting, auditing, and tax regulations, with a different skill set and exam structure. Both careers demand strong dedication and professional certification, but the actuarial exams are widely regarded as more difficult due to their complexity and pass rates.

What are actuaries?

Actuaries are professionals who use mathematics, statistics, and financial theory to analyze and manage the financial risks associated with uncertain future events. They are most commonly employed in the insurance and pension industries, where they help design policies, set premiums, and ensure the long-term financial health of these organizations. Actuaries also work in fields like healthcare, investment, and consulting, providing advice on risk management and financial planning. Their expertise is crucial in making informed decisions that safeguard companies and individuals from potential losses.

What are some typical challenges an Actuary In might face when starting out in the field?

As an entry-level Actuary, one common challenge is learning to interpret and analyze large sets of complex data while ensuring accuracy in calculations. New actuaries also need to quickly become proficient with specialized software and modeling tools commonly used in the industry. Additionally, balancing ongoing exam preparation with work responsibilities can be demanding, but most employers provide study support. Collaborating with senior actuaries and other departments, such as underwriting or finance, is also a key part of the role and helps build communication and teamwork skills.

Do actuaries make 500,000?

Actuaries can earn $500,000 or more annually, primarily at senior levels or in specialized roles within large organizations. Achieving this salary typically requires extensive experience, professional certifications such as the ASA or FSA, and often involves leadership responsibilities or consulting work.

What are the key skills and qualifications needed to thrive as an Actuary, and why are they important?

To thrive as an Actuary, you need strong analytical and mathematical skills, a degree in actuarial science or a related field, and progress toward professional actuarial certifications (such as SOA or CAS exams). Familiarity with statistical software, spreadsheet modeling, and specialized actuarial tools is typically required. Excellent problem-solving abilities, attention to detail, and effective communication skills help actuaries interpret data and explain complex findings to non-experts. These competencies are crucial for accurately assessing risk and supporting sound financial decision-making in insurance, finance, and related industries.
What are popular job titles related to Actuary In jobs in Arizona? For Actuary In jobs in Arizona, the most frequently searched job titles are:
Government Healthcare Actuary Lead

Government Healthcare Actuary Lead

Marsh & McLennan Companies, Inc.

Phoenix, AZ โ€ข On-site

$106K - $124K/yr

Full-time

Posted 27 days ago


Job description

Company:
Mercer
Description:
We are seeking a talented individual to join our Government Human Services Consulting team at Mercer. This role will be based in Phoenix, Atlanta, D.C., or Minneapolis. This is a hybrid role that has a requirement of working at least three days a week in the office.
Mercer's Government Human Services Consulting (GHSC) practice is dedicated to helping publicly funded health and human services clients transform their healthcare programs, impacting the lives of millions in our most vulnerable communities. We believe that each project is an opportunity to build trust between our team and our clients, and we back each project with industry leading experience and multi-disciplinary specialists.
We will count on you to:
  • Lead a team that of actuaries, actuarial and data analysts, clinicians and health policy consultants supporting multiple large, complex capitation rate-setting and other actuarial projects
  • In conjunction with other project leaders, work with the client to define and manage the scope of the project, serve as an expert on rate structures and methodologies, and ensure consistency with federal regulations and actuarial standards
  • Oversee the development of rate-setting assumptions that are built into actuarial models and inform client and project teams on the impact of data and assumptions, and provide on-going review and guidance throughout the rate setting process
  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.
  • Work directly with clients on emerging and/or unique challenges facing their programs, and leverage the skills and expertise of Mercer actuaries, clinicians, and health policy consultants to design innovative and comprehensive solutions
  • Oversee the drafting of project communications, including rate certification letters and presentations, and act as an actuarial authority that signs rate certification letters and other statements of actuarial opinion
  • Work with project leaders to identify growth and development opportunities for experienced actuaries, junior actuaries, and actuarial students on project teams. Provide guidance, oversight and mentoring for actuarial staff as needed

What you need to have:
  • BA/BS degree
  • 10+ years minimum health actuarial experience, with 5+ years of Medicaid actuarial experience
  • Actuarial credentials (ASA, FSA, MAAA)
  • Experience leading large multi-disciplinary teams and large, complex projects

What makes you stand out?
  • Medicaid actuarial experience spanning multiple states, programs, health insurers, or Federal agencies and actuarial consulting experience
  • Ability to handle client and project management in a demanding work environment with tight deadlines
  • Experience related to health plan analysis or capitated rate development

Why join our team:
  • We help you be your best through professional development opportunities, interesting work, and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.
Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.