VP, Actuarial Services

GoHealth; Illinois; On-site; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Vice President of Actuarial Services to lead their actuarial department. In this pivotal role, you will guide a talented team, utilizing your extensive experience in analytics to drive strategic decision-making. With a focus on collaboration and effective communication, you will present insights to executive leadership, ensuring that the organization adapts to the evolving Medicare market. This hybrid position offers a unique opportunity to mentor and develop talent while contributing to innovative healthcare solutions. Join a forward-thinking company that values work-life balance and professional growth.

Benefits

Open vacation policy

401k program with company match

Employee Stock Purchase Program

Medical, dental, vision, and life insurance

Flexible spending accounts

Paid maternity and paternity leave

Professional growth opportunities

Generous employee referral bonuses

Employee Resource Groups

Commuter and transit benefits

Qualifications

• 10+ years of experience in analytics for strategic decision-making.
• Proven track record of managing and leading actuarial teams.

Responsibilities

• Lead a team of actuaries to project lifetime value of policies.
• Analyze data to provide strategic insights for business direction.

Skills

Descriptive Analytics

Diagnostic Analytics

Team Management

Communication Skills

Education

Bachelor's Degree in Business

Master’s Degree in Economics

Degree in Math or Statistics

Job description

GoHealth Intro : GoHealth is a leading health insurance marketplace and Medicare-focused digital health company. Through the efficient, multi-tiered guidance of our highly specialized licensed insurance agents, GoHealth meets Medicare consumers where they are in their enrollment journeys and empowers them to choose the plan and carrier best suited for their healthcare needs. Our extensive industry expertise, including the use of data science and machine learning with key investments in proprietary technology, helps consumers cut through the confusion and enroll confidently.

Why Apply : As an industry leader in the Medicare marketplace, we are compelled to not only embrace change but to actively be the change to adapt to our consumers complex needs. We believe in hiring risk-takers, innovators, and collaborators within our industry to create individualized, simplified healthcare solutions for our beneficiaries.

Our #TeamGoHealth employees are at the core of our collective success; that's why we are committed to discovering the best in-class talent and ensuring that each team member receives the development tools and support they need to flourish in their professional endeavors.

We also understand that you may not check every box in our requirements list most applicants don’t! In fact, frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. GoHealth encourages you to break that statistic and to apply today!

About the role :

GoHealth is looking for a Vice President of Actuarial Services to join as the leader of the Actuarial department, reporting to the Chief Actuary. In this role, you will be responsible for guiding the work of the teams, helping create and lead strategy, and oversee the execution. We seek candidates with the ability to effectively manage a team, derive analytical insights from a variety of business contexts, and communicate those insights effectively to executive leadership and other stakeholders.

The Opportunity :

• Lead a team of actuaries to :
• Project lifetime value (LTV) of a policy and apply to 606 Revenue.
• Create LTV documentation for internal and external auditing purposes.
• Analyze data and present LTV strategic insights to organization .Collaborate cross functionally to manage project goals and expectations for delivery on all key actuarial activities
• Lead analytics to inform understanding of shifts in the Medicare market landscape to inform business direction
• Utilize actuarial principles to assist in special studies such as expansion strategy, mergers and acquisitions, marketing strategies and improvement
• Present data and analytical findings to key business stakeholders at all levels of leadership
• Provides expertise in defining, communicating, and managing the risk / reward of various contract models.
• Related activities include marketplace monitoring, contract provision review, metric development, performance reporting & monitoring, and performance forecast modeling.
• Provides expertise in defining and developing actuarial models and reports to demonstrate the value of GoHealth
• Lead the team in providing expertise to define, develop and scale actuarial models and special reports to support the performance of our client partners
• Develops and mentors staff through open communication, training and development opportunities, builds and maintains employee morale and motivation.
• Mentor, guide, and develop team leaders and team members

What you have :

• Bachelor's or Master’s Degree in Business, Economics, Math, Statistics, or related quantitative disciplines
• 10+ years of experience using descriptive and diagnostic analytics to help guide strategic decision-making in a business context
• 10+ years of hands-on experience managing a team of actuaries
• Demonstrated ability to manage and effectively lead a team while effectively prioritizing and allocating their time and resources
• Ability to communicate complex concepts verbally and in writing to colleagues with varying degrees of analytical knowledge and understanding

Location : Hybrid (Chicago, IL)

• Open vacation policy because work life balance is important
• 401k program with company match
• Employee Stock Purchase Program
• Medical, dental, vision, and life insurance benefits
• Flexible spending accounts
• Paid maternity and paternity leave
• Professional growth opportunities
• Generous employee referral bonuses
• Employee Resource Groups
• Commuter and transit benefits
• GoHealth is an Equal Opportunity Employer