Sr. Director Actuarial Forecasting - Remote

Prime Therapeutics•Home, WV

4d•$164,000 - $279,000•Remote

About The Position

The Senior Director of Actuarial Services leads a team of actuaries responsible for providing strategic pricing direction and thought leadership to Prime’s existing and potential clients and through the creation and use of innovative actuarial modeling concepts. This position will provide direct oversight of pricing processes and recommendations. This position works directly with Finance and functional departments on current and projected product and transactional costs and pricing strategy, as applicable.

Requirements

Bachelor's degree in Math, Actuarial Science, Economics, Computer Science, Data Science, or related area of study, or equivalent combination of education and/or relevant work experience; High school diploma from an accredited school or equivalent GED required
10 years of actuarial work experience, 5 of those years being within healthcare or the PBM industry
7 years of leadership experience
Actuarial designation (ASA or FSA)
Must be eligible to work in the United States without the need for work visa or residency sponsorship
Excellent quantitative, problem solving, and analytical skills
Ability to manage multiple, complex projects simultaneously without compromising quality
Strong client consulting presence; ability to distill complex material into easy to understand presentations, effectively respond to questions and engage a variety of audiences
Ability to communicate effectively with senior leaders across the organization

Nice To Haves

Master's degree or credentialed equivalent
Experience in identifying, designing, recommending, and implementing efficient, innovative business solutions to clients’ complex pharmacy benefit challenges
Strong understanding of pharmacy plan design

Responsibilities

Leads a team of actuaries to provide strategic pricing advice on structures and methodology using market research, financial projections, and complex actuarial modeling
Collaborates with underwriters, client engagement, and senior leadership on RFP process and other pricing and risk management initiatives related to various lines of business
Engages with functional leadership to develop and maintain forecasting assumptions related to utilization, unit cost, benefit design, and regulatory events
Develops processes to ensure scalability and effective control of work product following actuarial standards of practice
Leads negotiations and presentations and translates highly complex concepts in ways that can be understood by a variety of audiences
Manage department budget, staffing, performance and development, and consistently demonstrate Prime’s leadership expectations during interactions with direct reports, cross functional and external stakeholders
Other duties as assigned