Job Description

A recent study shows that men apply for a job or promotion when they meet only 60% of the qualifications, but women and other marginalized groups apply only if they meet 100% of them. So, if you think you’d be a great fit, but don’t necessarily meet every single requirement on one of our job openings, please still apply. We’d love to consider your application!

At Wayspring, we are committed to furthering our value of Equity & Inclusion throughout our recruiting practices. We seek diversity of background and opinion, as we think these attributes improve the performance of our company and are the right thing to do for our communities. We recognize and remove barriers to success within our company and communities. We seek to build a recruiting process that is inclusive and fosters diversity.

Why Wayspring?

We are passionate about breaking barriers alongside those facing substance use disorder. Whether you’re in the field or in the corporate office – our mission is felt, and your impact is recognized. There is no inner circle, and we all have a seat at the table. Leaders are accessible and silos are avoided. We respect your craft and love to be challenged. We invest not only in our mission, but in each other. Internal promotions and cross departmental training are the norm – you grow, we grow. At Wayspring, we don’t just see you as an employee, we see you for who you are. a whole-person – with hobbies, pets, families, and lives outside of work. Our flexible schedule and flexible work environment options help you to create and maintain the work-life balance you need most.

Overview of the Actuarial Analyst

Wayspring is looking for an Actuarial Analyst to support our growing actuarial reporting function. Unlike traditional health plan roles, this position offers the opportunity to gain hands-on experience across a variety of actuarial functions, including trend analysis, pricing, reserving, network analytics, and risk adjustment. It’s an exciting chance to build a broader skill set and directly impact our health plan members. As part of our innovative startup, you’ll engage with senior leadership, influence the organization’s direction, and take ownership of key initiatives. While we’re a smaller team, you'll have the support of peer reviews and guidance from our established exam program to help foster your professional growth. At Wayspring, the Actuarial Analyst role is about more than just the numbers – it’s about applying your expertise to make a meaningful impact on members experiencing substance use disorder.

Why Wayspring? We Value Your Professional Development.

• Financial Support: We cover exam costs, study materials, filing fees, modules, assessments, and required conferences.
• Paid Time Off: Includes study days, exam day off, 8-hour days for EOM exercises, and two 8-hour days for FAP assessments.
• Career Growth: Receive raises for passing exams, completing modules, and earning your ASA/FSA credentials.
• Additional Perks: We cover your annual credentialing fees to support your career growth.

If you're looking to grow in your career while making a direct impact, Wayspring is the place for you!

Responsibilities of the Actuarial Analyst

• Monitors, modifies, and identifies abnormalities in eligibility and claims data sets.
• Develops basic understanding of the actuarial related concepts and requirements and relevant business processes needed.
• Assists in development of spreadsheet and/or database tools used to manage, analyze, and report data.
• Ensures work is accurate and efficient using existing procedures, documents analysis and processes.
• Gathers, prepares, and presents data and review for reasonableness.
• Generates reports through excel, conducts reasonableness checks, and provides summary output/reports to manager for review.
• With oversight, creates, maintains, and enhances calculation spreadsheets used to validate or supplement actuarial-related or system-generated values.
• Utilizes spreadsheets, accountable for detailed and complex manual calculations to provide actuarial, product and/or policy support to other departments.
• With oversight, automates departmental processes to improve efficiency and accuracy as assigned.
• Assists with special projects and/or initiatives as required.
• Works with the manager to effectively plan and prioritize your own work in accordance with broader team or department objectives and priorities. Complete projects on time and with high standards and accuracy.
• Develops and maintains effective business relationships with both internal and external stakeholders.
• Supports trend analysis and pricing activities across all market segments in which Wayspring participates.
• Administers cost modeling and healthcare cost profits within claims and eligibility files.
• Assists with IBNR reporting and other relevant accrual submissions.
• Supports program savings analysis and other ad hoc analytic and actuarial requests.
• Adhere to Wayspring information security and privacy requirements.

Requirements & Preferred Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field
• Passing one Society of Actuaries exams preferred
• One year of relevant experience or relative completed internship program is preferred
• Some programming experience, SQL knowledge a plus
• Microsoft Excel experience is required
• Strong analytical skills
• Strong communication skills

Company and Benefit Summary

Wayspring has reimagined substance use disorder treatment. We provide individualized care, delivered with a peer-centered approach. We focus on making sure patients have their basic needs met, like access to care, economic stability, and connection to relationships and community. Then we help each person find their own way to wellness.

• Medical, Dental and Vision Insurance Options
• Company funded HSA
• Monthly Gym Allowance
• Paid parental leave – all parents included!
• Company paid short term disability, long term disability and life insurance.
• Generous 401k match
• Premium Employee Assistance Program, inclusive of counseling sessions
• Company Contributions to Future Minded Savings (think 529, HSA, Student Loan Reimbursement, and Emergency savings fund)
• Generous PTO package (accrual policy based on years of service) and an additional 10 paid company holidays.

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