Manager, Actuarial Reserving and Financial Reporting

Clover Health

1d•$180,000 - $220,000•Remote

About The Position

We don't just provide health insurance—we deliver the kind of healthcare that people deserve. The Actuarial team at Clover is made up of collaborative and strategic thinkers that are excited about the impact technology can have on healthcare. We're looking for Actuaries who are interested in taking the actuarial discipline into the new era. We're looking for an Actuarial Reserving and Financial Reporting Manager to be a critical leader in charge of the company's core financial controls and reporting. This role manages the end-to-end actuarial reserving process, leads key financial reporting pipelines, and mentors a team to ensure financial accuracy and compliance across all lines of business.

Requirements

You are an Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA).
You have a minimum of 5-7 years of progressive experience in the actuarial field, with a strong background in reserving, IBNR calculation, and financial reporting, preferably within the Medicare Advantage or managed care industry.
You have proven experience managing, developing, and mentoring an actuarial or finance team.
You have advanced proficiency in data analysis tools (e.g., SQL, R, SAS, or Python).

Responsibilities

Lead the Monthly IBNR Process and Maintain Adequate Reserves: Own the end-to-end monthly Incurred But Not Reported (IBNR) accrual process, ensuring the development and maintenance of adequate reserve levels for timely financial close.
Ensure Strict SOX Compliance and Documentation: Maintain and uphold robust SOX controls across all reserving and reporting processes, including meticulous documentation of processes, assumptions, and actuarial judgments for audit readiness.
Manage and Validate Financial Pipelines: Own the Member Level Financial Pipeline Development and Maintenance, including implementing and reviewing control checks and peer reviews to validate data accuracy for strategic financial goals.
Oversee Monthly Financial Reporting and Analysis: Lead the preparation and review of the comprehensive monthly financial reporting suite and conduct in-depth variance analysis (actuals vs. budget) for management and external stakeholders..
Lead and Develop the Actuarial Team: Foster a positive work environment, set clear performance expectations, actively support the professional growth of team members through mentorship, and ensure strong collaboration across departments.

Benefits

Financial Well-Being: Our commitment to attracting and retaining top talent begins with a competitive base salary and equity opportunities. Additionally, we offer a performance-based bonus program, 401k matching, and regular compensation reviews to recognize and reward exceptional contributions.
Physical Well-Being: We prioritize the health and well-being of our employees and their families by providing comprehensive medical, dental, and vision coverage. Your health matters to us, and we invest in ensuring you have access to quality healthcare.
Mental Well-Being: We understand the importance of mental health in fostering productivity and maintaining work-life balance. To support this, we offer initiatives such as No-Meeting Fridays, monthly company holidays, access to mental health resources, and a generous flexible time-off policy. Additionally, we embrace a remote-first culture that supports collaboration and flexibility, allowing our team members to thrive from any location.
Professional Development: Developing internal talent is a priority for Clover. We offer learning programs, mentorship, professional development funding, and regular performance feedback and reviews.
Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
Reimbursement for office setup expenses
Monthly cell phone & internet stipend
Remote-first culture, enabling collaboration with global teams
Paid parental leave for all new parents
And much more!