Actuarial Director Healthcare

Starr Underwriting; United States; Remote; USD 168,000 - 210,000; Full time

Job summary

A leading company in the healthcare sector is seeking an Actuarial Director to shape actuarial strategy and ensure data-driven decision making. The role involves collaborating with teams to enhance pricing and develop innovative insurance products while supporting organizational objectives. An exciting opportunity for an experienced professional with strong analytical skills and a strategic mindset.

Qualifications

• 8+ years of experience in the field.
• Strong attention to detail and ability to work independently.
• Ability to develop underwriting and rating plans.

Responsibilities

• Lead strategic initiatives and collaborations to optimize sales.
• Develop healthcare cost models using advanced actuarial techniques.
• Enhance pricing and rating tools focusing on automation.

Skills

Data manipulation

Analytics

Modeling

Visualization tools

Strong interpersonal skills

Creative problem-solving

Education

Bachelor's degree in actuarial science, mathematics or related field

FSA or ASA designation

Tools

SQL

SAS

Power BI

Tableau

R

Python

Job description

Position Summary

Ryan Specialty Benefits is seeking an Actuarial Director Healthcare to join our team either in one of our principal offices or remotely. Reporting to the Chief Actuary Healthcare, this role is pivotal in shaping actuarial strategy, policies, and processes to achieve financial goals through risk analysis and forecasting. The Actuarial Director will collaborate closely with underwriting, finance, and clinical teams to support organizational objectives.

What will your job entail?

Key Responsibilities

- Lead strategic initiatives to ensure data-driven decision-making, operational excellence, and improved client sales and retention in alignment with Ryan Specialty's vision.

- Collaborate with sales and underwriting teams to optimize sales and retention through pricing analyses and recommendations.

- Partner with the executive team on new partnerships to align business results with strategic and financial goals.

- Work closely with the Underwriting team to evaluate and determine appropriate rates and factors for new and renewal business.

- Maintain and enhance pricing and rating tools, focusing on standardization and automation across underwriting, data collection, and reporting.

- Liaise with carrier partners regarding program and portfolio underwriting and performance.

- Develop and refine healthcare cost models, utilization trends, and risk assessments using advanced actuarial techniques.

- Serve as a resource for the clinical team in evaluating risks in the stop-loss market.

- Improve portfolio management analytics shared with the executive team.

- Conduct industry, peer, and market analyses to support product development and new initiatives.

- Drive strategy around technology use, external data, and enterprise data organization.

- Support the development of innovative insurance products within the underwriting portfolio.

- Train and develop colleagues as needed.

- Maintain and expand knowledge of the insurance industry, actuarial trends, market conditions, and competitor information.

Education/Experience/Skills

- Bachelor's degree in actuarial science, mathematics, finance, statistics, economics, or related field.

- 8+ years of experience in the field.

- FSA or ASA designation from the Society of Actuaries (or equivalent).

- Ability to work independently to solve complex challenges, including developing underwriting improvement plans and new rating plans.

- Proficient in data manipulation, analytics, modeling, and visualization tools (e.g., SQL, SAS, Power BI, Tableau, R, Python).

- Strong interpersonal skills (written and verbal).

- Committed team player with strong attention to detail.

- Creative problem-solving skills and willingness to engage at all levels of the process.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization.Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression,sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners,and communities.This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $168,000.00 - $210,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [e-mail]

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.