Actuarial Director, Pricing

Posted 5hrs ago

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Job Description

Actuarial Director leading Commercial pricing and Medicare Advantage bids at PacificSource, a health insurer. Managing actuarial teams, models, filings, risk analysis, and financial planning.

Responsibilities:

  • Direct all actuarial pricing and related services
  • Ensure accurate and reliable actuarial activities and sound actuarial analysis of risk
  • Develop premium rates for Commercial business and Medicare Advantage bids
  • Prepare rate filings, bids, supporting exhibits, actuarial certifications, memoranda, and statements of opinion
  • Direct development, implementation, and maintenance of rating and pricing models
  • Coordinate with departments to ensure regulatory compliance and consistency with rating and underwriting policies
  • Support reserving, forecasting, budgeting, risk adjustment, risk sharing, premium deficiency reserve, and year-end actuarial opinion processes
  • Direct analysis of risk, cost, and utilization with the Actuarial Director of Health Economics
  • Lead and supervise actuarial students, credentialed actuaries, and non-actuarial analysts
  • Assist with hiring, staff development, coaching, performance reviews, corrective actions, and terminations
  • Maintain collaborative partnerships with Underwriting, Product Development, Sales, and Finance
  • Participate in strategic and internal committees
  • Support Medicare Advantage and Commercial P&L owners on financial loss ratio initiatives
  • Lead process improvement and promote lean methodologies
  • Participate in PacificSource research activities
  • Meet department and company performance and attendance expectations
  • Follow privacy policy and HIPAA confidentiality and security requirements
  • Perform other duties as assigned

Requirements:

  • At least six years of actuarial experience
  • At least three years of management experience
  • Health experience preferred
  • Baccalaureate degree in mathematics, statistics, actuarial science, or a related field
  • Enrolled as Fellow in Society of Actuaries
  • Active member in good standing of American Academy of Actuaries
  • Knowledge of actuarial methods and modeling techniques
  • Ability to verify and document assumptions and justify analysis using actuarial principles
  • Adherence to Actuarial Standards of Practice
  • Ability to accomplish tasks accurately under pressure, determine priorities, and meet deadlines
  • Ability to identify problems, design and implement solutions, and monitor results
  • Ability to read and comprehend written and spoken English
  • Ability to communicate clearly and effectively
  • Ability to work in a general office setting with ergonomically configured equipment
  • Ability to stoop, bend, sit and/or stand for extended periods, perform repetitive motions, and lift/carry files and business materials
  • Approximately 5% travel required

Benefits:

  • Equal opportunity employment
  • Work-from-home arrangement indicated by location field (WFH: NC)
  • Professional development through actuarial student program updates and staff development
  • Coaching, performance reviews, and regular one-on-ones
  • Participation in strategic and internal committees
  • Continuous improvement and lean methodology initiatives