VP - Actuary
VP - Actuary
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1 Vacancy
Job Description
Location:
Avera Health PlansWorker Type:
RegularWork Shift:
Day Shift (United States of America)Position Highlights
To be considered for this position you must apply only at and you will not need to apply here on the Avera site.
Inquiries and nominations will be kept confidential and should be directed to WittKieffer consultants Tom Quinn Lisa Mooney and Eleanor Vogelsang via email at
You Belong at Avera
Be part of a multidisciplinary team built with compassion and the goal of Moving Health Forward for you and our patients. Work where you matter.
A Brief Overview
The Vice President of Actuary is the senior leader responsible for managing all actuarial services for Avera Health Plans. This leadership role oversees all product pricing product performance risk management underwriting and corporate functions such as estimations reinsurance and financial planning & analyst (FP&A) support. The Vice President - Actuary is responsible for developing the strategy and explaining qualitative and quantitative data points to the executive role is integral to Avera Healths Plans profitability pricing strategies and overall financial health. The Vice President - Actuary will drive the actuarial transformation effort to redefine strategic pricing in conjunction with the business leaders finance and data organizations. This role will develop and execute strategies to drive sustainable growth ensure regulatory compliance and support data-driven decision-making that aligns with the health plans goals and values.
What you will do
- Supervise and direct all actuarial activities ensuring efficient and effective operations.
- Develop and implement strategic actuarial plans aligned with the organizations goals and financial objectives.
- Lead the development of pricing strategies for insurance products considering market conditions and risk profiles.
- Monitor financial risks and develop risk management strategies to mitigate potential losses.
- Ensure compliance with all relevant insurance regulations and reporting requirements.
- Oversee the calculation of reserves claims trend analysis and other actuarial functions to support financial performance.
- Communicate actuarial results and recommendations to management other departments and external stakeholders.
- Act as a liaison with insurance regulators external auditors and the Board of Directors on actuarial matters.
- Responsibilities include interviewing hiring developing training and retaining employees; planning assigning and leading work; appraising performance; rewarding and coaching employees; addressing complaints and resolving problems.
Essential Qualifications
The individual must be able to work the hours specified. To perform this job successfully an individual must be able to perform each essential job function satisfactorily including having visual acuity adequate to perform position duties and the ability to communicate effectively with others hear understand and distinguish speech and other sounds. These requirements and those listed above are representative of the knowledge skills and abilities required to perform the essential job functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions as long as the accommodations do not cause undue hardship to the employer.
Required Education License/Certification or Work Experience:
- Bachelors in Actuarial Science Mathematics Finance or related field.
- Fellow of the Society of Actuaries (FSA) - Society of Actuaries (SOA) Upon Hire or
- Associate of the Society of Actuaries (ASA) - Society of Actuaries (SOA) Upon Hire
- 7-9 years Actuarial or risk management experience in the health insurance industry.
- 4-6 years Leadership or management experience.
- Strong analytical and problem-solving skills with the ability to interpret complex data.
- Proficiency in actuarial software (e.g. SAS R Excel or SQL) and risk modeling tools.
- Excellent communication and presentation skills.
- Deep understanding of health insurance regulations and industry trends.
- Ability to lead cross-functional teams and manage multiple priorities effectively.
Preferred Education License/Certification or Work Experience:
- Masters in Actuarial Science Mathematics Finance or related field.
- Certification in Enterprise Risk Management (CERA) - American Society for Health Care Risk Management (ASHRM)
Expectations and Standards
- Commitment to the daily application of Averas mission vision core values and social principles to serve patients their families and our community.
- Promote Averas values of compassion hospitality and stewardship.
- Uphold Averas standards of Communication Attitude Responsiveness and Engagement (CARE) with enthusiasm and sincerity.
- Maintain confidentiality.
- Work effectively in a team environment coordinating work flow with other team members and ensuring a productive and efficient environment.
- Comply with safety principles laws regulations and standards associated with but not limited to CMS The Joint Commission DHHS and OSHA if applicable.
Benefits You Need & Then Some
Avera is proud to offer a wide range of benefits to qualifying part-time and full-time employees. We support you with opportunities to help live balanced healthy lives. Benefits are designed to meet needs of today and into the future.
PTO available day 1 for eligible hires.
Free health insurance options for full-time single coverage on Avera High Deductible Health Plan
Up to 5% employer matching contribution for retirement
Career development guided by hands-on training and mentorship
Avera is an Equal Opportunity Employer - Qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability Veteran Status or other categories protected by law. If you are an individual with a disability and would like to request an accommodation for help with your online application please call 1- or send an email to .
Required Experience:
Exec
Employment Type
Full-Time
