Actuarial Consultant IFP Pricing - Remote

MedStar Health; Minnetonka (MN); Remote; USD 89,000 - 161,000; Full time

Job summary

A leading company in health care seeks an Actuarial Consultant to support product strategy and pricing for individual and family plans. This role requires collaboration with various teams and a strong background in actuarial science. The position offers remote flexibility and opportunities for career advancement.

Benefits

Comprehensive benefits package

Incentive and recognition programs

401k contribution

Equity stock purchase

Qualifications

• 4+ years of actuarial experience required.
• Near Associate of the Society of Actuaries (ASA) or higher preferred.
• Prior actuarial experience in health care is necessary.

Responsibilities

• Collaborate with data teams and maintain the IFP data lab.
• Develop and maintain actuarial models.
• Prepare experience analyses and regulatory filings.

Skills

Proficiency with MS Excel

SAS

SQL

Verbal communication skills

Written communication skills

Education

Bachelor's Degree in Actuarial Science, Math, Economics or related field

Job description

At UnitedHealthcare, we're simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do here impacts the lives of millions of people for the better. Come build the health care system of tomorrow, making it more responsive, affordable and equitable. Ready to make a difference? Join us to start Caring. Connecting. Growing together.

What makes your Actuarial career greater with UnitedHealth Group? Advancement, access to data, variety of product lines, and rewards for delivering on our mission ensures you will always be challenged to do your best.

This Actuarial Consultant will be a member of the team supporting the Individual and Family Plans (IFP) product line. In addition to owning the team's data lab, they will work with other actuaries on the team to develop product strategy and pricing for the ACA on-exchange individual products. The Actuarial Consultant is a trusted advisor for actuarial and health plan leadership in ensuring that program rates are competitive, adequate, and actuarially sound. This individual will lead analytical efforts to support the rate setting process including competitive analysis, network analysis, risk adjustment, trend, actuarial benefit value analysis, etc. This individual will determine the implications of these items on strategy, premiums, and various product proposals.

You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges.

Primary Responsibilities:

• Collaborating with enterprise-wide data teams, SMEs, and customers to manage the IFP data lab


• Developing and maintaining actuarial models


• Preparing experience analyses


• Preparing regulatory filings


• Assisting in the development of financial forecasts and projections


• Collaborating and communicating results and technical concepts to various stakeholders

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• Bachelor's Degree in Actuarial Science, Math, Economics, or related field


• 4+ years of actuarial experience


• Prior actuarial experience in health care


• Near Associate of the Society of Actuaries (ASA), ASA or higher


• Advanced or higher level of proficiency with MS Excel, SAS and/or SQL

Preferred Qualifications:

• Excellent verbal and written communication skills


• Prior actuarial experience in developing program rates and pricing methodologies

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits re subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $89,800 to $160,600 annually based on full-time employment. We comply with all minimum wage laws as applicable.

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.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.