Position Description

Summary

Company: Aveta, Inc.

Website: http://www.aveta.com/

Position: Actuarial Assistant

Location: Fort Lee, NJ

Compensation: Based on actuarial exam progress

Contact: Tim Murray, tmurray@aveta.com

Aveta, Inc.

Aveta Inc. is one of the largest providers of managed healthcare services in the United States. Redefining healthcare management to meet the challenges of today’s complex healthcare environment, Aveta develops innovative models that coordinate care for more than 260,000 Medicare beneficiaries and more than 285,000 commercial members. Aveta builds provider networks and Medicare Advantage programs that are sustainable, cost-effective and utilize advanced technologies. The company is headquartered in Fort Lee, New Jersey, and currently has operating subsidiaries in California, Illinois, Arizona, Kansas City, greater Denver, East Tennessee and Puerto Rico.

Aveta operates two Medicare HMOs, MMM Healthcare (MMM) and PMC Medicare Choice (PMC) in Puerto Rico. MMM and PMC are the leading Medicare HMOs in Puerto Rico, serving more than 200,000 members in all 78 counties.

Aveta also operates North American Medical Management of California (NAMM CA), a medical management company that manages medical services for approximately 45,000 seniors and 183,000 commercial members.

Actuarial Assistant

Aveta’s Actuarial Department serves a leading role in a diverse array of corporate functions, including, but not limited to valuation, financial reporting, Medicare Advantage and Part D bid processes, forecasting, and strategic analytics. The Actuarial Assistant position supports Actuarial Management in day-to-day activities across all Actuarial Department functions. Responsibilities and desired qualifications are summarized below.


Responsibilities

  • Data gathering, validation, and analysis
  • Work with actuarial management and staff to recommend/develop new and improved tools and models
  • Build and/or automate efficient and robust analytical models and processes, developing an understanding of their relevance to the needs of the business.
  • Participate in actuarial assumption setting processes
  • Assist in the annual Medicare Advantage and Part D bid processes
  • Resource-permitting, participate in Actuarial Department staff rotation program (reserving, forecasting, revenue analysis, etc.)
  • Participate in ad-hoc strategic analytics projects throughout the year
  • Assist in responding to regulatory and audit requests throughout the year
  • Other functions and responsibilities as determined by actuarial management and the needs of the business
  • Participate in Aveta Actuarial Student Program
  • Periodic travel (up to 15%) to Puerto Rico will be required, occasional travel to other Aveta markets may be necessary as well

Desired Qualifications &Requirements

  • Bachelor's and/or Master's degree with 3.4 or higher cumulative GPA preferred
  • Coursework in one or more of the following disciplines: Mathematics, Actuarial Science, Economics, Statistics, Probability, Risk Management, Finance, Accounting
  • Passed at least 1 exam of the Society of Actuaries (SOA)
  • A self-motivated, detail-oriented individual with a demonstrated ability to work well independently and in teams
  • Strong analytical and problem solving skills
  • Excellent time management skills
  • Strong written and verbal communication skills, including the ability to communicate complex concepts effectively with technical and non-technical audiences
  • Flexible team player willing to work overtime during crucial times as needed
  • Experience with Microsoft Excel and Word
  • Exposure to Microsoft Access, PowerPoint preferred
  • Background in one or more computer programming languages preferred