Senior Managing Actuary

Job Summary:

The Senior Managing Actuary provides leadership and direction to ensure team strategies are successfully achieved.

Essential Functions:

  • Accountable for the high-quality output from the functional areas of responsibility, examples include IBNR, rate advocacy, forecasting/budgeting, accrual development, financial risk modeling and bid development
  • Communicate IBNR results to external actuaries engaged as part of audit or other events and defend those reserve estimates
  • Maintain and develop internal statistical models to support key business goals / initiatives; bid pricing models, financial projections, contract modeling, ad hoc support projects
  • Responsible for understanding various risk adjustment approaches and work with internal resources to determine the impacts of those risk methodologies on new member populations
  • Review and drive the analysis around factors that can estimate the health of all of our lines of business
  • Ensure internal stakeholders are held accountable for actuarial function requests like determining key assumptions that are included in CareSource rate development practices
  • Proactively identify and influence at Senior Management levels expectations of rate changes for future years which may lead interaction with federal level and state level departments of insurance
  • Lead the rate development activities across all lines of business within the company and with external vendors for assigned lines of business
  • Provide support for new business projects for the business development team for the product / market assigned
  • Identify opportunities across multiple functions within the organization where the actuarial team can drive completion of corporate goals
  • Identify key stakeholder partners within Finance to reduce duplication of work and foster sharing of knowledge and ideas
  • Provide support across entire LOB to ensure product line is consistent and regulated
  • Drive new risk adjustment approaches and work with internal or external resources to determine the impacts of those risk methodologies on new member populations
  • Oversee the review and validate data completeness and accuracy
  • Oversee effectiveness of mentorship programs for analysts
  • Perform any other job-related instructions as requested

Education and Experience:

  • Bachelor's degree in actuarial science, mathematics, economics or a related field or equivalent years of relevant work experience is required
  • Five (5) years of actuarial experience is required
  • Two (2) years management experience is required
  • Strong database (SAS or Access) experience is preferred
  • Managed Care or healthcare experience is preferred

Competencies, Knowledge and Skills:

  • Expert proficiency level with Microsoft Excel
  • Advanced proficiency with Microsoft Suite to include Word and Power Point
  • Ability to manage, develop, motivate and reward  staff
  • Ability to effectively report data, analyze facts, and exercise sound business judgment when making recommendations
  • Ability to analyze problems, draw conclusions, develop processes and communicate status and results
  • Excellent written and verbal communication skills
  • Ability to interact with all levels of management as well as external stakeholders
  • Excellent problem solving skills with attention to detail
  • Auditing skills
  • Ability to work independently and within a team
  • Excellent listening and critical thinking skills
  • Strong interpersonal skills and high level of professionalism
  • Ability to develop, prioritize and accomplish goals
  • Knowledge of SQL and various data manipulation software

Licensure and Certification:

  • Active Associate of the Society of Actuaries (ASA) designation is required; Fellow of the Society of Actuaries (FSA) designation is preferred

Working Conditions:

  • General office environment; may be required to sit or stand for extended periods of time
  • May be required to travel less than 10% of the time

Compensation Range:
$104,400.00 - $182,700.00

Compensation Type: