Actuary Strategy Director

AstraZeneca • Wilmington, DE

37d

About The Position

At AstraZeneca, we work together across global boundaries to make an impact and find answers to challenges. We do this with the utmost integrity even in the most difficult situations because we are committed to doing the right thing.
We’re stronger because of our network of teams across the globe and because we all take personal accountability for our actions. We’re constantly learning and developing through the teamwork and communication between our people and our network of specialists.
The Director, Actuarial Strategy will report directly into the Senior Director, Value Strategy & Evidence for the US Market Access organization. This is a role that will expand the development of an Actuarial function within the Market Access organization. This includes providing leadership to develop, scale and evolve an approach to enhance our account messaging and strategies to support the Commercial, Medicare and Medicaid RFP bid cycles and to support the financial story for product launches, including innovative and alternative approaches to traditional rebates.
Furthermore, this role will ensure that the US Market Access organization leverages unique insights from actuarial sciences to help position AZ and our product portfolio within key accounts. The Director in this role will translate AZ value propositions into the vernacular and positioning that will resonate beyond the Trade function, into the actuarial function of our payer customers, with the goal of increased access for our products. They will also utilize data to set strategy and guide implementation of a more informed Payer Value Proposition.

Requirements

• Bachelor’s degree required (actuarial science, mathematics, statistics, data science, or related)
• Actuarial credentials:
• Fellow of the Society of Actuaries (FSA) in the Health track and
• Member of the American Academy of Actuaries (MAAA)
• 7+ years of healthcare actuarial experience
• Actuarial consulting
• Deep experience in healthcare industry with payers and pharmaceuticals
• Experience working as an actuary at a PBM, health plan, or GPO
• Excellent written and verbal communication
• Strong project management skills including the ability to lead and drive multiple high priority projects with senior leadership, build project work plans, anticipate major contingencies, synthesize discussions, and seek action.
• Proven track record in business planning, developing and executing projects with cross-functional team
• Ability to work collaboratively in a team-based environment and gain alignment across multiple stakeholders in the organization.
• Adept at managing business challenges, conflict resolution, and making appropriate trade-offs to meet business objectives.

Nice To Haves

• Second degree, e.g. Masters, MBA, PhD
• Medicare actuarial experience

Responsibilities

• Provide unique insights to the access and contract strategy, marketing and account management functions, including informing the annual budgeting and forecasting process.
• Conduct competitive analyses in anticipation of market events.
• Closely partner with company leadership in domains such as performance/insights, finance, and policy to identify opportunities to leverage data and analysis to inform and execute strategy in these areas
• Leverage Medicare expertise including manufacturer discount program, rebate dynamics, Medicare price negotiation, and risk adjustment.
• Provide actuarial insights to inform new product launch strategies.
• Conduct analysis, pricing & risk assessments to estimate financial implications of account projections.
• Evaluate changes in account-specific payer contracts and programs to make recommendations to improve brand performance
• Provide analysis of regulatory and policy reforms and articulate implications on both internal and external stakeholders (such as payers, providers, and patients)
• Leverage CMS guidance and regulatory changes to evaluate actuarial related impacts to Medicare bid process or other markets from the payer perspective and communicate to stakeholders across the organization.
• Create best-in-class actuarial messaging and ways of working across the Market Access organization within AZ.
• Lead and support educational sessions on payer perspective, actuarially-driven decision making, and other related topics.
• Support development of innovative contracting strategies.
• Collaborate with other actuarial directors to strategically build out the function and enhance the development of actuarial best practices to change how we interact with key accounts and to support going broader and deeper with key stakeholders.
• Connect with industry thought leaders in actuarial science and provide ad-hoc support and liaise with top actuarial firms to support key objectives as outlined above.

Benefits

• qualified retirement program [401(k) plan]
• paid vacation and holidays
• paid leaves
• health benefits including medical, prescription drug, dental, and vision coverage

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees