Managing Actuary

CareSource • Dayton, OH

4d • $94,100 - $164,800 • Onsite

About The Position

The Managing Actuary provides leadership and direction to ensure team goals and strategies are successfully achieved. This role is responsible for pricing, forecasting, reserving, or other actuarial processes, including the development of key assumptions, evaluation of financial experience, and trend drivers. The Managing Actuary will develop and communicate actionable and strategic recommendations to leadership to support company goals. They will manage the development and maintenance of actuarial models to support key business goals and initiatives, such as actual to expected experience reporting, actuarial reserves and accruals, bid pricing/rate filings, forecasting, and contracting models. This role owns the actuarial processes being managed (i.e., rate/bid filings, pricing, forecasting, reserving) within the company and with external vendors for assigned lines of business. Specific functions may include performing baseline analysis on expectations of rate changes for future years and working with federal and state agencies to support rate filings and other relevant activities. This role may also oversee the development and review of Incurred But Not Reported (IBNR) reserve estimates for all CareSource lines of business on a monthly basis. Any other job-related instructions as requested will also be performed.

Requirements

• Bachelor's degree in actuarial science, mathematics, economics or a related field or equivalent years of relevant work experience is required
• Excellent written and verbal communication skills
• Excellent listening and critical thinking skills
• Strong interpersonal skills and high level of professionalism
• Ability to manage, develop, and motivate staff
• Ability to develop, prioritize and accomplish goals
• Ability to interact with all levels of management as well as external stakeholders
• Excellent problem-solving skills with attention to detail
• Excellent auditing and peer reviewing skills
• Ability to work independently and within a team
• Ability to effectively analyze data, develop/maintain appropriate models, draw and report findings and/or conclusions tailored for respective audiences
• Demonstrate sound business judgment when drawing conclusions and making recommendations
• Communicate status and results of processes, projects, goals and tasks with leader as needed or requested
• Expert proficiency level with Microsoft Excel
• Advanced proficiency with Microsoft Suite to include Word and Power Point
• Associate of the Society of Actuaries (ASA) is required

Nice To Haves

• Two to three (2 to 3) years or more of management experience is preferred
• Two to three (2 to 3) years or more of actuarial experience is preferred
• Strong database (SQL, SAS or Access) experience is preferred
• Managed care or healthcare experience is preferred
• Knowledge of SQL, SAS, R, Python or other data manipulation software
• Fellow of the Society of Actuaries (FSA) is preferred

Responsibilities

• Responsible for pricing, forecasting, reserving or other actuarial processes including development of key assumptions, as well as evaluation of financial experience and trend drivers
• Develop and communicate actionable and strategic recommendations to leadership in support of company goals
• Manage the development and maintenance of actuarial models to support key business goals and initiatives, such as actual to expected experience reporting, actuarial reserves and accruals, bid pricing/rate filings, forecasting, and contracting models
• Own the actuarial processes being managed (i.e., rate/bid filings, pricing, forecasting, reserving) within the company and with external vendors for assigned lines of business
• Perform baseline analysis on expectations of rate changes for future years and work with federal and state agencies to support rate filings and other relevant activities
• Oversee development and review of Incurred But Not Reported (IBNR) reserve estimates for all CareSource lines of business on a monthly basis

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager