We are currently looking for a Full Time Insurance Data Analyst to join our Health Care Analytics Sub Area team located at the Carl Albert Service Center working 8:00AM-5:00PM - Mo Tu We Th Fr.
Summary:
The Insurance Data Analyst plays a critical role in the strategic analysis of the organization’s self-insurance fund. This position is responsible for transforming complex healthcare, pharmacy, and financial data into actionable insights that support executive decision-making and long-term financial planning. The ideal candidate possesses strong analytical, financial, and communication skills with the ability to independently manage large datasets, identify meaningful patterns, and communicate findings to both technical and non-technical audiences. Familiarity with healthcare claims data, self-funded plan administration, and healthcare financial operations are highly preferred.
Responsibilities:
* Analyze large data sets
* Use descriptive, predictive and prescriptive analytics to assess and inform a comprehensive approach to identifying trends, cost drivers, and opportunities for intervention
* Conduct trend analysis and identify utilization patterns over time
* Perform cost-benefit analysis and ROI evaluations for healthcare initiatives, wellness programs and disease management programs
* Support annual plan budgeting and reserve analysis
* Monitor and evaluate stop-loss reinsurance and performance
* Identify opportunities for healthcare cost reduction and operational efficiencies through data-driven analysis and strategic recommendations
* Collaborate with Finance, Human Resources, Healthcare Strategies, and third-party vendors to ensure accurate reporting and data integration
* Ensure the integrity, validation, governance, and accuracy of healthcare data extracted from various source systems and vendors
* Perform benchmarking against internal historical performance, industry standards, and regional/national healthcare trends
* Conduct variance analysis between budgeted and actual healthcare expenditures and explain deviations
* Stay informed on healthcare industry trends, regulatory changes, emerging analytical methodologies, and evolving healthcare technologies
* Ensure compliance with HIPAA, data privacy regulations, organizational policies, and security standards
* Participate in ongoing professional development and continuous learning related to healthcare analytics and business intelligence
* Provide actionable insights and make recommendations to leadership through concise and impactful presentations based on data insights
* Maintain professional conduct, punctuality, and adherence to organizational standards and dress codes
* Performs all other duties as assigned
Competencies:
Essential:
* Ability to effectively collaborate across departments and with external agencies
* Ability to work i