Health actuary job description

Are you interested in working in a dynamic environment that offers opportunities for professional growth and new responsibilities? Are you interested in helping clients drive alignment with their business, improve organizational and human resource performance and establish a culture focused on adding business value? That is what the new generation of human resource transformation is all about. If you are seeking a role that offers you the opportunity to advise Government and Public Services (GPS) clients through critical and complex issues, while allowing you to develop personally and professionally, consider a career in Deloitte's Human Capital practice.
Work you'll do

As a Government Health Actuary - Consultant in Deloitte's Human Capital Actuarial and Insurance Solutions Practice, you will assist Deloitte Managers, Senior Managers, and Partners in providing strategic and technical consulting services to Federal and State governments, employer groups, and other public entities.

At Deloitte, you can be a part of the transformation of the health care sector. Deloitte's health actuaries are participating in the development of evidence-based medicine, social drivers of health, and the transition of payments from paying for what is done to paying for the value provided. These types of problems require actuaries who are not only technically strong, but also can be innovative, capable of addressing ill defined, complex problems and have a business orientation.

The team

The Organization Transformation practice is about transforming the organization (and the benefits providers that serve them) to support its business strategy. This involves helping our clients move from where they are today to where they need to be in the future. It could include changing the organization's culture, modernizing specific functions, re-designing the organization structure, and will require a combination of change management actions to execute the transformation. To enable our success, it will be critical to use data and insights to inform better ways of working together.

Qualifications

Required:

+ 3 years of health actuary experience and consulting and/or health plan/insurance company experience

+ 1 years' experience with Medicaid managed care rate setting

+ ASA with progression to FSA, FSA, or career ASA designation

+ Willingness to travel at least 25%

+ Due to COVID-19, certain on-site client work has been suspended until further notice, however, on-site work may be required on a case-by-case basis for this position.

Preferred:

+ Experience leading teams

+ Experience with Medicaid waivers (i.e., 1115, 1915 b/c, 1332)

+ Experience with risk adjustment mechanisms

+ Experience with health care reform and working knowledge of the individual medical and small group markets

+ Experience with Medicare products, including Medicare Advantage or Medicare Supplement products for various enrollee types

+ Familiarity with group insurance products including disability, long term care, etc.

+ Experience with product design and/or product strategy

+ Experience with reimbursement models â€" including value based care/ACO modeling

+ Ability to program using SQL

For individuals assigned and/or hired to work in Colorado, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the State of Colorado and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and delivery model. We would not anticipate that the individual hired into this role would land at or near the top end of the range, but such a decision will be dependent on the facts and circumstances of each case. A reasonable estimate of the range is $80,000 - $134,000. You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

🐼 Who we are

Alan is your friend in health.

Alan's long-term goal is to make personal, proactive and holistic health part of people's daily life, striving to be the world's most member-centric healthcare company. Our employees join Alan because they truly believe in this mission.

As of today, Alan operates in 3 countries (🇫🇷, 🇧🇪, 🇪🇸) and covers more than 330,000 members, representing over €200m+ of annualized revenue. We recently raised a further €183m in a series E funding round bringing the company's total valuation to €2.7bn. The team is 500+ people and growing.

🤘 How we do it ?

People joining Alan are always surprised and delighted by our innovative working method. We have a set of cultural values that guide our approach to work, such as:
- Members first. We put our members first, our team second, our shareholders third.
- Radical Transparency. We make all choices in writing and adopt a direct and honest style of communication.
- Personal & Team Growth. We are self-improving whilst helping others grow. We're no ego-doers and we all edit the company.
- Distributed Ownership. We trust our colleagues to make the right choices. We are not afraid to fail fast individually to learn collectively in the long run.
- Fearless ambition. We shoot for the moon and work backwards. We focus on solving complex problems with simple principles far from ready made ideas.

⭐️ The Insurance team ⭐️

The insurance team brings technical leadership and expertise; it influences all Alan's decisions. In the insurance team, we work hand in hand with the rest of the company (designers, engineers, data scientists, product managers, finance, operations) to build the most differentiating products. We support the sales and account management teams on offers for large companies. We also make sure the business is properly monitored and risks are under control. Finally, we help the rest of the team understand the subtleties of healthcare.

Since we opened our Belgium market in 2020, we have experienced great momentum and traction. Our local team is growing (so far we went from 0 to 25+ in just over a year 🚀) We now want to take the market by storm and exponentially grow the business to ultimately become one of the market leaders, this Health Product Actuary role will be instrumental in our strategy.

Joining the Alan insurance team means joining a human scale team where you will have a tremendous impact on what we build and how we organise ourselves; We move fast, with a lot of ownership, and are proud to tackle big problems!

If we expect people to bring specific expertise to Alan, we also encourage them to grow on other topics of the insurance community, not necessarily related to their initial expertise.

🤩 Is it you we are looking for?

The role you will take up has a broad scope and can cover:
- Define, build and price the products that will offer the most differentiating experience to our members
- Monitor the business and the risks, define the renewal strategy
- Contribute to the reinsurance plans
- Supporting sales teams on large deals and requests for proposals
- Help the rest of the team understand the subtleties of health insurance

You would be a good fit if you:
- have experience in health insurance (Belgium market)
- have a scientific background (statistics, actuarial sciences) or are capable of understanding technical, data, regulatory and business questions - related to health insurance / reinsurance
- analytical and structured, with a fact-based decision-making style
- eager to deep dive into various insurance topics, analyze the market and identify differentiation opportunities, while helping us shape our strategy
- enthusiastic about teamwork, curious, learning, and teaching
- willing to deeply change the insurance and healthcare industry and challenge the status quo
- have strong written communication skills
- are fluent in English (Alan's working language), not mandatory but nice to have: French or Flemish skills.

🙌 Perks & Benefits

At Alan, we believe that being in good health is a basic need, and it starts with our employees. This is why Alaners are provided with a stimulating environment and perks ensuring they are happy, efficient and spend only high-quality time with co-workers.

Therefore, we offer:
- Fair rewards. Generous equity packages complement your base salary.
- Flexible Office. Amazing office space at our HQ in Paris, sponsored co-working hubs in Ghent Brussels or Antwerp or a full-remote experience with home office equipment sponsorship, we want you to live where you're the happiest.
- All the tools you need. Top of the range equipment: Macbook Pro, keyboard, laptop stand, monitor, and Bose noise-canceling headphones.
- Flexible vacation policy and flexible working hours. Organize your time as you wish.
- Delightful healthcare insurance. Extremely comprehensive health insurance - 100% of the contribution covered by Alan for you and your family.
- Transport. You can use your own inspiration based on the Green mobility budget (for Senior level Alaners)
- Learning & Training opportunities. A highly flexible Training policy free books and budget to attend and speak at conferences if the opportunity arises.
- Parental leave. Extended parental leave for all new parents.

Important note: we hire people not roles.

After reading this job description, if you feel like you don't have all the necessary prerequisites but that it matches where you are now or what you'd like to grow into in your next position, we encourage you to apply!

Not everybody will enter our recruitment process, but all, no matter how underrepresented, should feel free to apply as it can only bring learnings or success.

🔖 Check out our About Alan and Career pages, as well as our Medium & blog for more info.

Independent for over 70 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics, and business transformation.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

The Seattle Health staff is looking for an ASA with experience in health actuarial work. The position requires creative actuarial capabilities, good communication and interpersonal skills, and organizational talents. A high degree of self-motivation and the ability to lead a team of dedicated consultants are also necessary for success. We provide extensive on-the-job training in consulting skills and advanced actuarial techniques.
Who We Are

Milliman's Seattle Health Practice serves a wide variety of organizations, including insurance companies, health plans, state and federal agencies, healthcare providers, reinsurance companies, and employers. The staff consists of 100+ actuarial professionals in addition to Healthcare Management Consultants, IT, Administrative, and other non-actuarial staff.

At Milliman, our mission is to serve our clients to protect the health and financial well-being of people everywhere. We believe we can accomplish this mission by adhering to our core values:


Quality - Our advice, products and client service adhere to the highest standards of quality. Integrity - We demonstrate integrity in all that we do. We are committed to honesty and professionalism in our interaction with our clients and fellow employees, including independent advice free of conflicts. Opportunity - We are committed to providing our people opportunities to achieve their full potential, including opportunities to:
Shape their own careers Assist in developing the strategy of their practice Pursue innovations to further Milliman's mission in the marketplace


By joining Milliman, you be working with some of the most experienced, most capable people in the health industry. Through our mentor program, you will have a dedicated colleague available to help guide your career growth. For the right candidate, these opportunities will help you grow professionally while enjoying the work you do.


Responsibilities


Responsibilities for this position include:


Performing analysis of healthcare data Writing reports that explain technical concepts clearly to a non-technical audience Managing project through completion within an expected budget Supervising actuarial students in the completion of technical aspects of actuarial projects


Candidates will be expected to develop the ability to manage client relationships. While not required, candidates that learn to successfully generate new business with both new and existing clients are likely to experience the greatest career growth.


Experience/Education


Candidates should possess the following:


Bachelor's degree in mathematics, statistics, economics, or a related field Four or more years of healthcare actuarial experience. Meaningful experience in one or more of the following areas would be considered a "plus":
Medicaid rate-setting Reserving and year-end statutory financials ("blue" and "orange" blanks) ACA pricing/rate filing Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings) Value-based provider contracting Employer stop-loss and/or reinsurance pricing



Requirements


Candidates should possess the following qualifications and skills:


ASA designation Good writing and speaking skills Proficiency with Excel Ability to work both independently and in team environments


In addition to the requirements listed above, we would like candidates that possess the following qualifications and skills:


Some knowledge of SAS, SQL, or R Proven ability to work in a fast-pace environment where client satisfaction is key Strong understanding of the US healthcare system Demonstrable skills in presenting technical concepts to a non-technical audience in an understandable way Entrepreneurial spirit


Salary


Dependent upon experience, with potential for bonus of well over 40% based upon billable hours and business managed.


To be considered for this position, please upload a resume and cover letter.



Milliman Benefits


At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual. We offer a competitive benefits package which includes:


Medical, dental and vision coverage for employees and their families, including eligible domestic partners. A 401(k) plan with matching program Paid Parental Leave up to 12 weeks Profit sharing as a discretionary contribution to employees' retirement accounts Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Adoption assistance Milliman covers 100% of the premiums for life insurance, AD&D, and both short term and long term disability coverage Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation and applicable medical needs Teladoc and nurse advice line Best Doctor - Medical second opinion, in-depth expert medical review, access to expert physicians, critical care support, and referral services at no cost Employee Assistance Program (counseling and support on everyday life issues; financial tools and calculators; discount tax preparation; legal forms; wellness coaching; interactive e-learning programs) Computer, software and mobile phone discount programs ORCA Pass unlimited rides (Seattle only) Corporate Social Responsibility and Giving programs


Location


This position will be based out of the Milliman office in Seattle.


Milliman is an Equal Opportunity Employer


Milliman is fully committed to the maximum utilization of all human resources and the goals of Equal Employment Opportunity and Affirmative Action. We recruit, hire, train, promote, and consider qualified applicants for employment, in all job titles without regard to age, ancestry, citizenship status, color, creed, familial status, genetic information, marital status, national origin, political ideology, race, religion, sex, sexual orientation, gender identity, status as an individual with a disability, or veteran status, including qualified disabled veterans, Armed Forces service medal veterans, recently separated veterans, and active duty wartime or campaign badge veterans; and shall not discriminate against any individual, or any other characteristic protected by law. Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

No recruiters, please.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)