Actuary - Health Insurance - United States - 46542



JOB DESCRIPTION

Job #: 46542
Title: Actuary - Health Insurance
Job Location: United States
Remote Job: Yes
Employment Type:
Salary: contact recruiter for details
Other Compensation: Annual Bonus
Employer Will Recruit From: Nationwide
Relocation Paid?: NO

WHY IS THIS A GREAT OPPORTUNITY?


  • Repeat client where we have made multiple placements
  • Largest independent TPA for the Self Funded employer healthcare market
  • The Company addresses the “dual mandate” to reduce costs and improve outcomes within the healthcare ecosystem. They offer core healthcare administrative services alongside a robust set of payment integrity and care management offerings to reduce costs, maximize efficiencies, and improve health outcomes for self-funded employer groups.
  • They provide a single, integrated mobile app for managing benefits, communications that keep members informed and excited, about their business, and brings together services and integration points that power the benefits eco-system. They are looking to transform to become a holistic digitally integrated business.
  • They have differentiated employee-centric model, high quality customer base, and demonstrated ability to reduce employer medical costs has resulted in a market-leading NPS score (80 compared to industry average of 14)
  • They serve more than 430,000 members from 350 employers, across all 50 states.  The organization has more than 675 employees and offices in California, Illinois, West Virginia and Pennsylvania.
  • Their client base of 350 employer groups ranges from ~100 employees per client to 22,000 employees per client with an average client size of 1,000 employees.

 

JOB DESCRIPTION

ESSENTIAL DUTIES and RESPONSIBILITIES:

  • Build and lead Medical Economics team and broader capability
    • Define roles to report to Medical Economics Direct; lead hiring and interviews, performance reviews and other employee experience practices
    • Enhance and standardize medical cost trend analyses and benchmarking, collaborating with broader analytics team (for Quarterly Business Reviews with clients); define and disseminate associated processes and procedures
    • Act as a thought-partner / consultant with brokers and groups to help them understand utilization outliers and changes to consider
  • Lead Product Enhancements for medical management offerings requiring medical economics
    • Build new and refine existing performance guarantees for various medical management offerings
    • Develop alternative return-on-investment calculation methodologies for select offerings
    • Develop and manage risk corridors
    • Partner with select Stop Loss underwriters to share cost savings results
    • Identify and lead efforts where analytics can further support clinical operations
  • Educate clinical and sales teams on medical cost trends, new analytic capabilities, and product enhancements
    • Attend industry forums / connect with peers to understand underlying macro trends and new therapies driving medical cost projections
    • Share perspectives on new clinical offerings / enhancements with product and sales leaders
    • Educate sales team on medical management product enhancements in-process and as completed

 

 

QUALIFICATIONS

QUALIFICATIONS:

  • 3+ years of actuarial experience required, 2+ years of applicable product experience preferred
  • Previous management experience including responsibilities for hiring, training, assigning work and managing performance of staff required
  • Desire to be part of fast-growing and dynamic environment, interfacing directly with executive leadership
  • Comfortable building and maintaining relationships with c-suite leaders of clients and brokers

Physical and Mental Requirements:

  • Occasional travel (<10% annually)

 

Education:
University - Bachelor's Degree/3-4 Year Degree

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