Senior Actuarial Analyst, Financial Modeling

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Health Insurance, Healthcare, Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in a related field and 3-5 years of relevant actuarial experience in a health plan or insurance regulatory setting, with progress toward the Associate of the Society of Actuaries designation demonstrated by passing 2 or more actuarial exams. They must also have familiarity with statutory accounting principles, regulatory reporting requirements, and risk-based capital, along with strong analytical skills and the ability to work in a fast-paced startup environment.

Responsibilities

The Senior Actuarial Analyst will support the preparation and submission of regulatory reports, including financial pro forma projections and utilization reporting, and will contribute to the maintenance of cash flow and capital models. They will perform regulatory financial projections, reconcile actual data to modeled results, assist in the development of reporting tools, and collaborate with Finance, Compliance, and Actuarial leadership to ensure reporting accuracy and alignment with regulatory guidance. Additionally, the role involves participating in audits and responding to regulatory inquiries, and maintaining high ethical standards regarding confidential information.

Skills

Financial Modeling

Regulatory Reporting

Cash Flow Analysis

Capital Modeling

Actuarial Analysis

Data Reconciliation

Analytical Skills

Attention to Detail

Cross-Functional Collaboration

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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