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Manager, Actuary - Medical Cost Economics (Remote)
The Department of Health Economics is seeking a Managing Actuary! This credentialed healthcare actuary would drive high-visibility impactful analysis and would be responsible for developing and driving medical cost improvement strategies for UPMC Health Plan in close collaboration with leaders across the organization. This includes managing an experienced team responsible for analyzing medical cost utilization and unit cost data, developing strategies to improve experience relative to external benchmarks, evaluating and communicating leading indicators of financial performance, identifying top trend drivers and affordability opportunities, and supporting the development of strategies across cross-functional teams.
The Managing Actuary will require a diverse set of skills and experience, including data and analytics expertise, a deep understanding of medical and pharmacy claims, broad-based business and health economics acumen, a strategic mindset, and an ability to influence and leverage cross-functional teams in a non-traditional actuarial environment. Strong organizational skills are essential to effectively manage multiple priorities, oversee complex projects, and ensure timely delivery of high-quality analytical outputs. This position will supervise 2-4 supporting staff, including actuarial analysts, in the performance of duties.
As a Managing Actuary at UPMC, you will be given support for professional designations through continuing education opportunities. This is a work-from-home position located anywhere within the continental US with the potential for infrequent travel into Pittsburgh (up to 2-3 times a year) for meetings/conferences.
Responsibilities:
- Partner with Health Plan senior leadership for creative problem-solving and strategic decision-making involving medical cost improvement strategies.
- Direct a team to produce detailed actuarial and financial models which communicate drivers of financial performance of all lines of business to facilitate corporate decision-making and the development of strategies and goals.
- Forecast and interpret financial results, including variances from budget, to help identify medical cost improvement opportunities and potential risks
- Analyze trends in spending and utilization.
- Develop and gain support for data-based recommendations with team members from product, clinical, network, and strategy functions.
- Bring clarity to complex problems using exceptional communication skills when engaging with senior leadership and technical audiences.
- Apply an understanding of complex actuarial concepts, methods, and applications in a variety of situations and deliver results to leadership.
- Creatively leverage a wide range of datasets to inform key analyses.
- Build strong relationships with Actuarial, Analytics, and Finance teams across the enterprise.
- Ensure that departmental work products meet the highest standards of quality.
- Manage and develop a team of 2-4 supporting staff including actuarial analysts.
