Actuarial Valuation and Reporting Director

HealthPartners; BLOOMINGTON (MN); On-site; USD 180,000 - 280,000; Full time

Job summary

HealthPartners in Minnesota seeks a Director, Actuary - Valuation and Reporting to lead actuarial valuation, financial reporting, reserve analysis and regulatory support across health plan products. This role provides leadership across valuation and reporting processes, establishes controls, and mentors a team.

The ideal candidate holds FSA with extensive leadership experience or ASA with substantial leadership background, and excels at communicating actuarial results to senior leaders while

Job description

Job Description

The Director, Actuary - Valuation and Reporting leads actuarial valuation, financial reporting, reserve analysis, and related regulatory support for health plan products and lines of business. This role is accountable for the design, execution, review, and communication of actuarial analyses that support statutory and management reporting, financial planning, rate and risk evaluation, regulatory filings, and executive decision making. The position provides actuarial leadership across complex valuation and reporting processes, establishes appropriate controls and documentation, ensures work is performed in accordance with applicable Actuarial Standards of Practice, and develops a team of actuarial professionals through coaching, prioritization, technical direction, and cross-functional partnership.

Minimum Qualifications

• Education, Experience or Equivalent Combination:
  • Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Economics, Finance, Business, or related field.
  • Fellow of the Society of Actuaries (FSA) with ten years of relevant health plan, health insurance, valuation, financial reporting, pricing, reserving, or actuarial leadership experience, or Associate of the Society of Actuaries (ASA) with fifteen years of relevant experience.
• Licensure/ Registration/ Certification:
  • Member of the American Academy of Actuaries (MAAA)
• Knowledge, Skills, and Abilities:
  • Demonstrated experience leading complex actuarial valuation, financial reporting, reserve development, trend, pricing, forecasting, or regulatory filing processes.
  • Experience translating actuarial results into actionable financial and business insights for senior leaders, finance partners, product leaders, compliance partners, and other non-technical audiences.
  • Experience managing, coaching, or directing actuarial analysts or cross-functional teams.
  • Advanced actuarial judgment and ability to apply Actuarial Standards of Practice to valuation, reporting, pricing, reserving, model development, documentation, and governance activities.
  • Excellent analytical, modeling, problem-solving, and project-management skills, including the ability to manage multiple major deliverables with recurring reporting deadlines.
  • Strong written, oral, and executive presentation skills, including the ability to simplify complex actuarial issues for non-technical audiences.
  • Strong computer and analytical tool skills, including Microsoft Excel and relevant actuarial, database, statistical, or reporting applications.
  • Ability to work independently, use sound professional judgment, identify emerging risks, and provide leadership across divisions and departments.
  • Excellent interpersonal skills and ability to collaborate effectively with Finance, Accounting, Underwriting, Government Programs, Compliance, Legal, Informatics, Data Operations, Product, Sales, and Operations teams.

Preferred Qualifications

• Education, Experience or Equivalent Combination:
  • Master’s degree in Actuarial Science, Finance, Statistics, Business, Economics, Health Policy, Data Science or related field.
  • Experience with Medicare, Medicaid, Individual, Small Group, Large Group, self-insured, or other health insurance products.
  • Experience with statutory reporting, financial statement support, premium deficiency reserve analysis, IBNR/reserve development, risk adjustment, reinsurance, or provider reimbursement valuation.
• Licensure/ Registration/ Certification:
• Knowledge, Skills, and Abilities:
  • Experience leading process redesign, automation, reporting modernization, model governance, or data asset implementation supporting actuarial valuation and reporting.
  • Experience with advanced modeling techniques including the use of AI.
  • Working knowledge of health plan financial reporting, regulatory filing expectations, risk adjustment, provider contracting, government program economics, and commercial product financial dynamics.
  • Programming or data experience using SAS, SQL, Python, R, Access, Azure, cloud data sources, enterprise data platforms, or similar tools.
  • Experience with advanced data modeling, automation, AI-enabled reporting workflows, or analytics modernization.

Essential Duties

• (30%) - Lead actuarial valuation and reporting processes, including reserve development, financial reporting support, management reporting, regulatory support, and actuarial analyses that inform business decisions. Ensure timely, accurate, well-documented deliverables that align with applicable Actuarial Standards of Practice.
• (20%) - Design, enhance, and govern actuarial models, assumptions, controls, reconciliations, documentation, and review processes used for valuation, reporting, pricing support, trend analysis, forecasting, and risk evaluation.
• (20%) - Lead and develop actuarial staff. Set priorities, allocate work, provide technical review, coach actuarial judgment, support exam and professional development, and build a high-performing team culture.
• (15%) - Provide actuarial certification, analysis, and subject matter expertise for regulatory filings, statutory and management reporting requests, audits, financial planning, and other governance activities as appropriate.
• (10%) - Partner with Finance, Accounting, Underwriting, Government Programs, Compliance, Legal, Informatics, Data Operations, Product, Sales, and Operations to explain valuation results, identify financial risks and opportunities, and support enterprise initiatives.
• (5%) - Perform other duties as assigned to accomplish departmental and organizational goals and objectives.

Leadership Responsibility

This role directs and coordinates valuation and reporting work within Actuarial & Underwriting. The role may directly manage actuaries, actuarial analysts, data analysts, or project resources and coordinates work across Finance, Accounting, Government Programs, Underwriting, Compliance, Legal, Informatics, Data Operations, Product, Sales, and Operations. The position is accountable for technical direction, staff development, prioritization of recurring and ad-hoc deliverables, documentation standards, process controls, and leadership of major process, reporting, valuation, and technology improvement efforts.

About Us

At HealthPartners we believe in the power of good - good deeds and good people working together. As part of our team, you’ll find an inclusive environment that encourages new ways of thinking, celebrates differences, and recognizes hard work.

We’re a nonprofit, integrated health care organization, providing health insurance in six states and high-quality care at more than 90 locations, including hospitals and clinics in Minnesota and Wisconsin. We bring together research and education through HealthPartners Institute, training medical professionals across the region and conducting innovative research that improve lives around the world.

At HealthPartners, everyone is welcome, included and valued. We’re working together to increase diversity and inclusion in our workplace, advance health equity in care and coverage, and partner with the community as advocates for change.

Benefits Designed To Support Your Total Health

As a HealthPartners colleague, we’re committed to nurturing your diverse talents, valuing your dedication, and supporting your work-life balance. We offer a comprehensive range of benefits to support every aspect of your life, including health, time off, retirement planning, and continuous learning opportunities. Our goal is to help you thrive physically, mentally, emotionally, and financially, so you can continue delivering exceptional care.

Join us in our mission to improve the health and well-being of our patients, members, and communities.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant because of race, color, sex, age, national origin, religion, sexual orientation, gender identify, status as a veteran and basis of disability or any other federal, state or local protected class.