Actuarial Director (Cred)Primary Location: Chicago, Illinois
Additional Locations: AZ-Scottsdale, CT-Hartford, GA-Atlanta, IL-Chicago, MD-Bethesda, MN-Minneapolis Apply
This person will support the Commercial actuarial needs of the Banner Health and Allina Health Joint Ventures, including Small and Large Group pricing, forecasting, results analysis network/medical cost analytics, competitive intelligence and market strategy. As part of both market leadership teams, this person will work very closely with the Sales, Finance, Underwriting, Network, Product and Medical Economics teams in both markets, as well as various actuarial teams.
- Work with key business partners to make pricing recommendations, implement decisions and monitor results.
- Conduct semi-annual rate reviews for each segment, incorporating input from the various stakeholders into rate recommendations.
- Assist with Network and Medical Economics teams with network evaluations and impact of proposed strategies.
- Lead regular discussions with Network and Medical Economics, as well as discussions with Sales on a variety of topics.
- Partner with Finance team to understand emerging results and assist in Plan/Forecasting.
- Partner with Product and Sales teams to understand SG and LG competitive landscape and recommend market strategies.
- Occasionally present recommendations to Boards of Directors.
Bachelor's degree along with 7+ years related work experience
Must have ASA (Associate of the Society of Actuaries) or FSA (Fellow of the Society of Actuaries) certification and able to sign rate filings
The highest level of education desired for candidates in this position is a Bachelor's degree or equivalent experience.
LICENSES AND CERTIFICATIONS
Actuarial/Associate of the Society of Actuaries is required
Actuarial/Member, American Academy of Actuaries is required
Functional - Actuarial/Pricing: manual rate structure development/1-3 Years
Functional - Actuarial/Rating system development & support/1-3 Years
Technical - Desktop Tools/TE Microsoft Excel/4-6 Years/End User
In office strongly preferred. Telework considered for internal workers currently in a telework arrangement. For external hires, Telework considered only for unique circumstances.
ADDITIONAL JOB INFORMATION
Great opportunity for actuaries looking to develop a broader business skills by owning the actuarial responsibilities of both a new market (Allina) and an established market (Banner), being part of both market leadership teams, as well as developing intimate understanding of two unique Joint Venture partnerships.
Aetna is about more than just doing a job. This is our opportunity to re-shape healthcare for America and across the globe. We are developing solutions to improve the quality and affordability of healthcare. What we do will benefit generations to come.
We care about each other, our customers and our communities. We are inspired to make a difference, and we are committed to integrity and excellence.
Together we will empower people to live healthier lives.
Aetna is an equal opportunity & affirmative action employer. All qualified applicants will receive consideration for employment regardless of personal characteristics or status. We take affirmative action to recruit, select and develop women, people of color, veterans and individuals with disabilities.
We are a company built on excellence. We have a culture that values growth, achievement and diversity and a workplace where your voice can be heard.
Benefit eligibility may vary by position. Click here to review the benefits associated with this position.
Aetna takes our candidates's data privacy seriously. At no time will any Aetna recruiter or employee request any financial or personal information (Social Security Number, Credit card information for direct deposit, etc.) from you via e-mail. Any requests for information will be discussed prior and will be conducted through a secure website provided by the recruiter. Should you be asked for such information, please notify us immediately.
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