Senior Actuarial Analyst, Financial Modeling

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, InsuranceIndustries

Requirements

Candidates must have 2+ actuarial exams passed and 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 is necessary. Strong technical skills in Excel and SQL, along with a broad understanding of managed care business and financial principles, are required. The ability to work in a fast-paced startup environment and maintain high ethical standards is also essential.

Responsibilities

The Senior Actuarial Analyst will support the preparation and submission of state and federal regulatory reports, including financial projections and exhibits. They will maintain cash flow and capital models, perform regulatory financial projections, and reconcile actual financial data to modeled results. The role involves assisting in the development of reporting tools, collaborating with cross-functional teams, and participating in audits and regulatory inquiries.

Skills

Financial Modeling

Actuarial Analysis

Regulatory Reporting

Cash Flow Modeling

Capital Modeling

Financial Projections

Data Analysis

Reconciliation

Devoted Health

Medicare Advantage plans with personalized support

About Devoted Health

Devoted Health provides Medicare Advantage plans aimed at simplifying and making healthcare more affordable for seniors aged 65 and older. Their plans include services like provider and pharmacy searches, prescription drug coverage, and preventive care rewards. Members pay premiums for these plans, and the company may also receive government payments for managing Medicare benefits. What sets Devoted Health apart from competitors is their high level of customer service, featuring Devoted Health Guides who assist members in navigating their healthcare options and addressing common issues with traditional insurance. Additionally, they promote preventive care through the Devoted Dollars program, which rewards members for engaging in health activities. The goal of Devoted Health is to create a more compassionate and accessible healthcare experience for its members.

Waltham, MassachusettsHeadquarters

2017Year Founded

$2,194.5MTotal Funding

SERIES_ECompany Stage

HealthcareIndustries

1,001-5,000Employees

Benefits

Comprehensive health plan

401(k) retirement plan

Generous vacation and holiday time

Lyra mental health resources

Time off to vote

Risks

Increased competition from Medicare Advantage providers like Clover Health and Oscar Health.

Potential regulatory changes affecting Medicare Advantage plans by CMS.

Rising healthcare costs could impact the affordability of Devoted Health's plans.

Differentiation

Devoted Health offers personalized assistance through Devoted Health Guides for member support.

The company emphasizes preventive care with its Devoted Dollars rewards program.

Devoted Health integrates virtual and in-home care with top local providers.

Upsides

Devoted Health raised $287 million in Series E funding in 2024.

The company expanded Medicare Advantage plans to eight new states in 2023.

Devoted Health achieved a 5-star Medicare Advantage rating in Ohio in 2023.

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