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Associate Actuary, Senior Products Actuarial, Medicare Part

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Job Details
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Company Name
Physical Address

Dover, DE 19904
Job Description


The Associate Actuary, SPA RX will be responsible for supporting pricing and/or modeling work related to Medicare Part D. This includes both bid development and reforecasts throughout the year. In addition, this position will include various ad hoc assignments related to Medicare Part D forecasting, pricing, and analysis.


There may be several openings at the Associate Actuary level within the Senior Products Actuarial RX team. The specific responsibilities will vary by team; however, below are examples of possible work opportunities.

Medicare Part D Teams- responsibilities may include:

Opportunity #1:

+ Working with various departments and groups to develop and document the pricing assumptions used in preparation of PDP bids and supporting documentation.

+ Preparing the PDP bids and supporting documentation for the initial and all subsequent bid submissions.

+ Providing financial insights and actuarial analyses for requests by senior leadership.

+ Quantifying and reporting impacts of assumption changes between forecasts.

Opportunity #2:

+ Collaborating with regional business leaders on Part D Benefit Designs.

+ Creating and maintaining tools to support leadership in optimizing Part D Benefits and strategic decisions.

Opportunity #3:

+ Maintaining SAS/Excel/VBA based PDP models and tools. Maintenance includes regular model runs, coding updates, documentation/peer review of updates.

+ Organizing, tracking, planning, implementing, and communicating assumptions and model logic updates.

Required Qualifications

+ Bachelor’s Degree

+ Associate of Society of Actuaries (ASA) designation or FSA

+ Meets eligibility requirements for Humana’s Actuarial Professional Development Program (APDP)


+ Excellent communication and interpersonal skills including the ability to translate complex topics to both technical and non-technical audiences

+ Strong analytical skills

+ Proficiency in Excel and/or SQL

Preferred Qualifications

+ Three or more years of Pricing, Medicare and/or Part D experience

+ SAS experience

+ Understanding of R, Python, Tableau, and/or Power BI

+ Strong analytics background

+ Highly motivated and willing to learn

Additional Information

+ Location: the preference is for the associate to work out of the Corporate Headquarters in Louisville, KY. The team is also open to evaluating candidates interested in working in one of the additional Humana locations: Green Bay, WI, Milwaukee, WI and Chicago, IL. There is also the potential for WAH for candidates with extensive Medicare or Part D experience.

+ Interview Format: As part of our hiring process for this opportunity, we will be using an exciting interviewing technology called Montage Voice to enhance our hiring and decision-making ability. Montage Voice allows us to quickly connect and gain valuable information from you pertaining to your relevant skills and experience at a time that is best for your schedule.

+ If you are selected for a first round interview, you will receive an email correspondence (please be sure to check your spam or junk folders often to ensure communication isn’t missed) inviting you to participate in a Montage Voice interview. In this interview, you will listen to a set of interview questions over your phone and you will provide recorded responses to each question. You should anticipate this interview to take about 15 to 20 minutes. Your recorded interview will be reviewed and you will subsequently be informed if you will be moving forward to next round of interviews.

Scheduled Weekly Hours


About Us

Mission: At Humana, our cultural foundation is aligned to helping members achieve their best health by delivering personalized, simplified, whole-person healthcare experiences. Recognizing healthcare needs continue to evolve for each person, for each family and for each community, Humana continuously creates innovative solutions and resources that help people live their healthiest lives on their terms -when and where they need it. Our employees are at the heart of making this happen and that’s why we are dedicated to building an organization of dynamic talent whose experience and passion center on putting the customer first.

Equal Opportunity Employer

It is our policy to recruit, hire, train, and promote people without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, disability, or veteran status, except where age, sex, or physical status is a bona fide occupational qualification. View the EEO is the Law poster.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact for assistance.

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