Actuary, Healthcare Economics

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, InsuranceIndustries

Requirements

Candidates must possess a bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. A minimum of 5 years of experience in a health actuarial or healthcare analytics role is required, along with completion of 4+ actuarial exams and strong progress toward the ASA credential. Proficiency in Excel and data analysis tools such as SQL, R, or Python is essential, as are solid communication skills for translating complex data into business insights. Familiarity with stop-loss or level-funded health insurance products and prior experience in a high-growth setting are considered advantageous.

Responsibilities

The Actuary, Healthcare Economics will analyze cost and utilization trends to inform product and pricing strategies. This role involves developing and maintaining routine claims experience reports, identifying key drivers of trend and variation, and supporting the evaluation of stop-loss experience and performance. Responsibilities also include collaborating with internal teams across actuarial, finance, and clinical functions, supporting the estimation and analysis of claims reserves, and assisting with the building and maintenance of actuarial models and tools for forecasting, reserving, and reinsurance. The position requires translating data into clear insights for business and clinical teams through dashboards, visualizations, and memos.

Skills

Actuarial Analytics

Claims Trend Analysis

Stop-Loss Analysis

Forecasting

Reserving

Reinsurance

Data Visualization

Actuarial Modeling

Healthcare Economics

Medical Claims

Pharmacy Claims

Gravie

Health benefits and insurance solutions provider

About Gravie

Gravie provides health benefits by offering straightforward and affordable health plans, primarily targeting individuals and small to midsize businesses. Their main product, Comfort, stands out because it has no deductible and no copays for most common healthcare services, allowing members to access care without unexpected costs. Additionally, Comfort includes virtual care options for musculoskeletal and mental health issues. Gravie also offers a payment solution called Gravie Pay, which enables members to pay for healthcare expenses interest-free, further easing financial stress. Unlike traditional health plans, Gravie claims that Comfort members save on out-of-pocket costs, and employers switching to Gravie often see lower premium expenses. The company has a high retention rate, indicating that many employees choose to continue with the Comfort plan in subsequent years. Gravie's goal is to simplify health benefits and reduce the financial burden of healthcare for its members.

Minneapolis, MinnesotaHeadquarters

2013Year Founded

$333.3MTotal Funding

DEBTCompany Stage

Fintech, HealthcareIndustries

201-500Employees

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Holidays

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Paid Parental Leave

Wellness Program

Alternative Medicine Coverage

Cell Phone Reimbursement

Transportation Perks

Education Reimbursement

Paid Paw-ternity Leave

Risks

Potential backlash from traditional insurers could increase competition or lobbying.

Rapid ICHRA adoption may invite regulatory scrutiny or changes.

Aggressive expansion strategy could strain resources and lead to inefficiencies.

Differentiation

Gravie's Comfort plan offers zero deductibles and copays, unlike traditional health plans.

Gravie Pay provides interest-free payment solutions, reducing financial burdens for members.

Focus on virtual healthcare services enhances accessibility and member satisfaction.

Upsides

Increased ICHRA adoption since 2020 expands Gravie's market opportunities.

Comfort plan's zero-deductible model attracts cost-conscious employers and employees.

Virtual healthcare services align with rising demand, boosting member engagement.

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