Senior Director, Actuarial Science

CareSource; United States; Remote; USD 136,000 - 237,000; Full time

Job summary

CareSource is seeking a Senior Director of Actuarial Science to set the strategic direction, drive innovation, and deliver key insights that impact company performance.

You will lead actuaries, develop internal models for pricing and projections, and ensure regulatory compliance across federal and state filings. Strong leadership and industry knowledge are essential for success in this role.

Qualifications

• Bachelor's degree in actuarial science, mathematics, economics or related field.
• 10 years of decision support, financial analysis, or actuarial experience.
• 5 years of management experience.
• Strong database experience with SAS or Access.
• Managed Care or healthcare experience preferred.

Responsibilities

• Accountable for pricing, forecasting, month-end close activities and performance monitoring.
• Lead a team of actuaries ensuring compliance with ASP and training.
• Develop internal statistical models for bid pricing, financial projections, contract modeling.
• Ensure stakeholders are accountable for actuarial function requests and assumptions.
• Interact with regulators and external stakeholders to inform policy and opinion.
• Oversee integrity of rate filing requirements and advise on corporate goals.

Skills

Leadership

Financial analysis

Actuarial expertise

Team management

Communication

Education

Bachelor's degree in actuarial science, mathematics, economics

ASA certification

FSA preferred

Tools

SQL

SAS

R

Excel

Access

PowerPoint

Outlook

Job description

Job Summary:The Senior Director, Actuarial Science is responsible for setting the strategic direction, driving innovation and producing key insights for the organization that drive company performance.Essential Functions:Accountable for pricing, forecasting, month-end close activities and performance monitoring and explanations; includes development of key processes and assumptions, accruals and evaluation of financial experience and trend drivers including comparisons to budget and reforecast. Develop activities to improve efficiency and affordability.Lead a team of actuaries ensuring compliance with applicable Actuarial Standards of Practice and supporting their training and personal development.Develop the strategy and guide teams in the development of multiple internal statistical models to support key business goals / initiatives; bid pricing models, financial projections, contract modeling, ad hoc support projects.Ensure internal stakeholders are held accountable for actuarial function requests supporting key assumptions to be used throughout Finance and the broader organization.Proactively identify and influence at Senior Management levels Actuarial concepts / business drivers to support interactions with federal level and state level regulators.On request, lead new business projects for the business development team at the Senior Management level.Accountable for the integrity of all federal or state rate filing requirements as necessary.Identify and lead opportunities across multiple functions within the organization where the actuarial team can drive completion of corporate goals.Oversee effectiveness of mentorship programs for analysts.Remain current, be able to explain and understand business impacts of all pertinent industry developments, including but not limited to, federal and state regulations and sub-regulatory guidance.Recommends and operationalizes strategies that have direct impact on the achievement of functional strategies.Understand and explain the financial drivers for owned product/market, including IBNR and other accruals.Engage with federal and state trade associations, regulators, and other external stakeholders on policy and legislative matters, providing actuarial perspective to inform advocacy, regulatory interpretation, and business positioningProvide actuarial expertise to internal business, government affairs, compliance, legal, and other teams on proposed policy, legislation, regulations, and sub-regulatory guidance; support the development of organizational feedback, comments, and other responses that reflect financial, operational, and actuarial considerationsPerform any other job related duties as requested.Education and Experience:Bachelor's degree in actuarial science, mathematics, economics or a related field requiredTen (10) years of decision support, financial analysis, or actuarial experience preferredFive (5) years of management experience preferredStrong database (SAS or Access) experience preferredManaged Care or healthcare experience preferredCompetencies, Knowledge and Skills:Excellent written and verbal communication skillsExcellent listening and critical thinking skillsStrong interpersonal skills and high level of professionalismAbility to manage, develop, and motivate staffAbility to interact with all levels of management as well as external stakeholdersExcellent problem-solving skills and attention to detailAbility to effectively report data, analyze facts, and exercise sound business judgment when making recommendationsAbility to identify and analyze problems, draw conclusions, develop and lead processes and communicate status and resultsExpert proficiency with Microsoft Suite to include Excel, Word, Power Point and OutlookAdvanced knowledge of SQL, SAS, R, or other data manipulation software is preferredLicensure and Certification:Associate of the Society of Actuaries (ASA) requiredFellow of the Society of Actuaries (FSA) preferredWorking Conditions:General office environment; may be required to sit or stand for extended periods of timeUp to 15% (occasional) travel based on the needs of the department may be requiredCompensation Range:$135,600.00 - $237,400.00CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.Compensation Type (hourly/salary):SalaryOrganization Level CompetenciesFostering a Collaborative Workplace CultureCultivate PartnershipsDevelop Self and OthersDrive ExecutionInfluence OthersPursue Personal ExcellenceUnderstand the BusinessThis job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an environment of belonging that welcomes and supports individuals of all backgrounds.#LI-SW2Brand=CareSource