Senior Actuarial Analyst, Financial Modeling

About Devoted Health

At Devoted Health, we’re on a mission to dramatically improve the health and well-being of older Americans by caring for every person like family. That’s why we’re gathering smart, diverse, and big-hearted people to create a new kind of all-in-one healthcare company — one that combines compassion, health insurance, clinical care, service, and technology - to deliver a complete and integrated healthcare solution that delivers high quality care that everyone would want for someone they love. Founded in 2017, we've grown fast and now serve members across the United States. And we've just started. So join us on this mission!

Employment Type: Full time

About This Role

The Actuarial Analyst will play a key role in supporting regulatory and financial operations through the development of models, preparation of required filings, and reconciling performance. This position is responsible for producing accurate and timely regulatory reports and projections, building and maintaining cash flow and capital models, and reconciling financial and actuarial results to ensure consistency across internal and external reporting. The ideal candidate will bring strong analytical skills, attention to detail, and a collaborative approach to working with cross-functional teams including Finance, Compliance, and Actuarial leadership. This is an excellent opportunity for an actuarial professional seeking to deepen their experience in regulatory, financial, and capital modeling in a dynamic and evolving health care environment.

Your Responsibilities and Impact

• Support the preparation and submission of state and federal regulatory reports, including financial pro forma projections, financial exhibits, and utilization and cost reporting.
• Support the maintenance of cash flow and capital models to support enterprise financial planning and regulatory requirements.
• Perform regulatory financial projections, including those related to solvency assessments, capital adequacy planning, and ongoing regulatory projection issuance.
• Reconcile actual financial and enrollment data to modeled results; investigate and explain variances.
• Assist in the development of reporting tools and automation processes to improve accuracy and efficiency in deliverables.
• Collaborate with Finance, Compliance, and Actuarial leadership to ensure reporting aligns with applicable guidance and internal controls.
• Participate in audits and respond to regulatory inquiries related to actuarial and financial assumptions and results.

Required Skills and Experience

• Ability to work in a startup, fast paced environment.
• Must be analytical, hands on, and able to be a contributor on day one.
• Progress toward Associate of the Society of Actuaries designation (e.g., 2+ actuarial exams passed)
• 3-5 years of relevant actuarial experience in a health plan or insurance regulatory setting
• Familiarity with statutory accounting principles, regulatory reporting requirements, and risk-based capital.
• Demonstrated ability to analyze large datasets and summarize findings clearly and concisely.
• Technical skills including Excel, SQL, and other actuarial tools.
• Broad understanding of managed care business and financial principles such as risk adjustment, underwriting, medical management, physician reimbursement, and risk management.
• Maintain high ethical standards at all times, to include maintaining the confidentiality of financial and other sensitive information consistent with moral, professional and regulatory requirements.

Desired Skills and Experience

• Actuarial functional expertise with an understanding of the key financial drivers of Medicare Advantage health plan operations.
• Ability to work independently and propose solutions to emerging business needs.
• Strategic ability to understand the business at large and connect points across mathematical and financial relationships across the organization.
• Ability to operate in an ambiguous start-up environment where everyday we try to develop