Actuary-Healthcare Risk & Insurance Strategy
About The Position
Description Position Summary The Consulting Actuary – Healthcare Risk & Insurance Strategy partners with executive leadership, Risk Management, Finance, and Legal to provide actuarial analysis and strategic advice related to professional liability, general liability, workers’ compensation, property, cyber, and other enterprise risks. This role supports insurance program design, captive and self-insured structures, reserve adequacy, reinsurance strategy, and loss forecasting for a complex hospital and healthcare delivery organization. The Consulting Actuary plays a critical role in translating historical loss experience and emerging risk trends into actionable financial, insurance, and enterprise risk decisions. Key Responsibilities Actuarial Analysis & Reserving ● Perform actuarial analyses for medical professional liability, general liability, workers’ compensation, and other self-insured or partially insured programs ● Estimate ultimate losses, IBNR, and loss development factors using accepted actuarial methods ● Support annual and quarterly reserve reviews in coordination with Finance and external actuaries and auditors Insurance & Captive Strategy ● Advise on insurance program structure, retentions, limits, deductibles, and reinsurance placement ● Support captive insurance company analysis, funding strategies, and long-term sustainability ● Evaluate alternative risk transfer mechanisms and emerging risk financing approaches Enterprise Risk & Forecasting ● Model the financial impact of catastrophic events, systemic losses, and tail-risk scenarios ● Support stress testing and scenario modeling for enterprise risk and business continuity planning ● Partner with Risk Management and Enterprise Resilience leadership on loss trend interpretation tied to operational risks (e.g., EHR outages, clinical events, natural disasters) Stakeholder & Governance Support ● Prepare actuarial reports and executive-level summaries for senior leadership and the Board ● Support insurance renewals, underwriting submissions, and broker strategy discussions ● Serve as an expert resource for Legal, Compliance, and Claims leadership on loss trends and exposure analysis Qualifications Required ● Fellow or Associate of the Casualty Actuarial Society (FCAS or ACAS) ● 5+ years of actuarial experience, with significant healthcare exposure ● Deep experience with medical malpractice and healthcare liability programs ● Strong analytical, modeling, and communication skills Preferred ● Experience supporting large hospital systems, physician enterprises, or managed care organizations ● Captive insurance or self-insurance program experience ● Familiarity with enterprise risk management and business continuity concepts
Requirements
- Fellow or Associate of the Casualty Actuarial Society (FCAS or ACAS)
- 5+ years of actuarial experience, with significant healthcare exposure
- Deep experience with medical malpractice and healthcare liability programs
- Strong analytical, modeling, and communication skills
Nice To Haves
- Experience supporting large hospital systems, physician enterprises, or managed care organizations
- Captive insurance or self-insurance program experience
- Familiarity with enterprise risk management and business continuity concepts
Responsibilities
- Perform actuarial analyses for medical professional liability, general liability, workers’ compensation, and other self-insured or partially insured programs
- Estimate ultimate losses, IBNR, and loss development factors using accepted actuarial methods
- Support annual and quarterly reserve reviews in coordination with Finance and external actuaries and auditors
- Advise on insurance program structure, retentions, limits, deductibles, and reinsurance placement
- Support captive insurance company analysis, funding strategies, and long-term sustainability
- Evaluate alternative risk transfer mechanisms and emerging risk financing approaches
- Model the financial impact of catastrophic events, systemic losses, and tail-risk scenarios
- Support stress testing and scenario modeling for enterprise risk and business continuity planning
- Partner with Risk Management and Enterprise Resilience leadership on loss trend interpretation tied to operational risks (e.g., EHR outages, clinical events, natural disasters)
- Prepare actuarial reports and executive-level summaries for senior leadership and the Board
- Support insurance renewals, underwriting submissions, and broker strategy discussions
- Serve as an expert resource for Legal, Compliance, and Claims leadership on loss trends and exposure analysis
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
