Actuary, Part D Pricing

📋 Description

• The Actuary, Pricing is responsible for establishing pricing assumptions, submitting bids, and obtaining approval for premium rates and rate certifications from regulatory bodies.

• You will assist in the implementation of rates, new plans, and modifications to benefits.

• You will provide insights to Product Development regarding the cost implications of new products and benefits.

• Your role will involve developing and maintaining pricing tools for both standard and customized benefits.

• The Actuary, Pricing will report directly to the Associate Director of Actuarial Pricing.

• This position entails setting market-level financial metrics to align with segment profitability objectives, analyzing market-level outcomes and forecasts, and proposing pricing strategies to bridge gaps to target metrics.

• You will utilize market-level forecasts and experience data tools to investigate root causes and gather insights.

• You will research competitors within the marketplace and work collaboratively with sales and other partners to formulate strategies for profitable membership growth.

• You will be responsible for actuarial certifications on rate filings, including ensuring compliance with state and federal rating and benefit regulations.

• You will provide strategic advice to executives on significant functional strategies, often tailored to specific segments.

⛳️ Requirements

• A Bachelor's Degree is required.

• FSA or ASA designation along with a relevant advanced degree, recent work experience, and/or other pertinent professional certifications such as MAAA.

• Proven ability to effectively communicate ideas in both written and verbal formats.

• Experience across multiple functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving, or trending).

🏝️ Benefits

• Health benefits begin on day 1.

• Paid time off, holidays, volunteer time, and jury duty compensation.

• Recognition pay.

• 401(k) retirement savings plan with employer matching.

• Tuition assistance.

• Scholarships available for eligible dependents.

• Leave for parental and caregiver responsibilities.

• Employee charity matching program.

• Access to Network Resource Groups (NRGs).

• Opportunities for career development.