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Actuary Director
3 months ago
The Actuary Director requires an experienced actuarial viewpoint in a wide variety of actuarial subjects and within the company, industry, and regulatory environment. The role works collaboratively with cross functional teams and matrix partners. It performs high level actuarial analyses for Medicare Part D business, including, but not limited to: CMS programs, drug expense analyses and projections, financial forecasts, Medicare Part D bid assumption development, actuarial modeling/analysis, pharmacy network management, manufacturer rebate improvement and ad hoc actuarial analyses/advice as needed.
You'll enjoy the flexibility to work remotely from anywhere in the U.S. as you take on some tough challenges.
Primary Responsibilities:
- Utilizes independent judgment and discretion, performs financial projections and actuarial analysis for complex assignments including:
- Trend Analysis (Internal & Industry comparisons)
- Network analysis, management, and governance
- Formulary modeling
- Impact of Regulatory Changes
- Bid pricing support
- Participate in internal strategic discussions to help develop strategic plan for bids
- Assists in the analysis of Part D bid strategy proposals including:
- Extensive experience and understanding of Part-D bid mechanics and regulations
- Strategic thought process to optimize Part-D pricing for PDP, MAPD, and DSNP programs
- Ability to assimilate macro- and micro-trends to develop market competitive products or strategies
- Cross-functional collaboration on strategy development is critical for the success of the role
- Help identify competitive intelligence, develop benchmarks for internal discussions and strategic insight
Years of post-high school education, in a discipline related to in Actuarial Science, Economics, Mathematics, can be substituted/is equivalent to years of experience
Required Qualifications:
- Associate (ASA) designation
- 3+ years of actuarial experience
- Extensive Medicare knowledge, with specific acumen in Part D, including:
- Bid preparation and desk review
- CMS compliance
- CMS audit requirements
- Experience in modeling, forecasting, and predictive analytics
- Experience presenting to internal leadership and external clients
- Ability to travel 10% of the time
Preferred Qualifications:
- 1+ years of people management experience
- Financial & trend analysis and reporting experience
- PBM and/or health plan experience
- Formulary Modeling experience
- Network Modeling experience
- Rebate Modeling experience
- Ability to utilize SQL and/or SAS for data mining
- Integration of competitive intelligence for predictive modeling purposes
All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy
California, Colorado, Connecticut, Hawaii, Nevada, New Jersey, New York, Rhode Island, Washington, Washington, D.C. Residents Only: The salary range for this role is $104,700 to $190,400 annually. Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. UnitedHealth Group complies with all minimum wage laws as applicable. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, you'll find a far-reaching choice of benefits and incentives.
Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.
Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.
