Gravie

Actuary, Healthcare Economics

Minneapolis, Minnesota, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, InsuranceIndustries

About Gravie

Hi, we’re Gravie. Our mission is to improve the way people purchase and access healthcare through innovative, consumer-centric health benefit solutions that people can actually use. Our industry-changing products and services are developed and delivered by a diverse group of unique people. We encourage you to be your authentic self - we like you that way.

About the Role

Employment Type: Full Time

We’re looking for an Actuary, Healthcare Economics to join our actuarial team and support our data-driven decision-making as we expand Gravie’s footprint. You will report to our Reporting and Healthcare Economics Actuary and you’ll play a critical role in analyzing medical and pharmacy claims trends, producing actionable insights, measuring progress against affordability initiatives, and supporting our broader healthcare economics and actuarial functions.

This is an excellent opportunity for someone with a strong foundation in actuarial analytics who has an ASA or is close to attaining their ASA credential and wants to grow in a mission-driven environment.

Responsibilities

  • Analyze cost and utilization trends to help inform product and pricing strategies.
  • Develop and maintain routine claims experience reports, identifying key drivers of trend and variation.
  • Support the evaluation of stop-loss experience and performance, including both specific and aggregate coverage.
  • Collaborate with internal teams across actuarial, finance, and clinical functions to align on reporting insights and implications.
  • Support the estimation and analysis of claims reserves (IBNR/IBNP) under the guidance of more senior actuaries.
  • Assist with building and maintaining actuarial models and tools used for forecasting, reserving, and reinsurance.
  • Translate data into clear insights for business and clinical teams, including dashboards, visualizations, and memos.

Qualifications

  • A bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
  • Completion of 4+ actuarial exams and strong progress toward the ASA credential.
  • 5+ years of experience in a health actuarial or healthcare analytics role.
  • Strong Excel and data analysis skills; comfort with tools like SQL, R, Python, or similar.
  • Solid communication skills with the ability to translate complex data into business insights.

Extra Credit

  • ASA
  • Familiarity with stop-loss or level-funded health insurance products.
  • Previous experience working in a high-growth setting.

Gravie Compensation and Benefits

In order to transform health insurance and build a health plan everyone can love, we need talented people doing amazing work. In exchange, we offer a great overall employee experience with opportunities for career growth, meaningful mission-driven work, and an above average total rewards package.

The salary range for this position is $111,000 - $185,000 annually. Numerous factors including, but not limited to, educations, skills, work experience, certifications, etc. will be considered when determining compensation.

Our unique benefits program is the gravy, i.e., the special sauce that sets our compensation package apart. In addition to standard health and wellness benefits, Gravie’s package includes:

  • Alternative medicine coverage
  • Flexible PTO
  • Up to 16 weeks paid parental leave
  • Paid holidays
  • A 401k program
  • Cell phone reimbursement
  • Transportation perks
  • Education reimbursement
  • 1 week of paid paw-ternity leave

About Us

We know healthcare. Our company was founded and is still led by industry veterans who have started and grown several market-leading companies in the space. We have raised money from top tier investors who share the same long-term vision as we do of building an industry defining company that will endure over the long run. We are well capitalized. Our customers like us. Our revenue churn is in the low single digits, in an industry where greater than 20% churn is common. Our culture is unique. We tend to be non-hierarchical, merit-driven, opinionated but kind people who thrive working in a high-growth environment.

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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