Associate Director, Actuarial Services – 2287456

Associate Director, Actuarial Services – 2287456

EMPLOYER:    United HealthCare Services, Inc. 

JOB TITLE:    Associate Director, Actuarial Services

LOCATION:    1 Health Drive, Eden Prairie, MN 55344 (Telecommuting available from anywhere in the U.S.)

DUTIES:    Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits; Compute reserves and other actuarial items to support UnitedHealthCare financial reporting; Incorporate traditional actuarial expertise into novel, cutting edge actuarial solutions; Calculate monthly actuarial claim reserves for GAAP, Statutory and Tax reporting; Lead actuarial analysts in developing data to support claim reserves and assumption development; manage workload and career development of actuarial analysts; Develop Statutory and GAAP reporting exhibits with appropriate auditable documentation; Collaborate with Pricing Actuaries to understand financial impacts of new product ideas; Work in a cross-functional team with accounts, IT, and Pricing to ensure that financial results are produced correctly and on time; Communicate clearly about changes to claim reserve amount and issues affecting claim reserve calculations.. Telecommuting available from anywhere in the U.S.     

REQUIREMENTS:    Employer will accept a Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field and five (5) years of progressive post baccalaureate experience in the job offered or a related computer occupation. Position requires five (5) years of progressive post baccalaureate experience in the following: 

•    Developing and implementing actuarial models to estimate reserves under various methods, including incurred but not reported (IBNR) reserves;
•    Performing reserve analyses, including sensitivity testing and scenario analysis, to assess the adequacy of reserve;
•    MS Excel for data manipulation, analysis and modeling purposes;
•    Regulatory requirements and best practices related to life and health insurance reserving, including statutory filings, regulatory compliance, and financial reporting standards;
•    Managing external audit engagements related to health insurance reserves and financial reporting;
•    Developing and implementing robust internal controls and procedures to ensure accuracy, reliability and compliance in financial reporting;
•    Interpreting complex data sets and drawing meaningful conclusion; 
•    Integrating business insights into reserve calculations and reporting; and
•    SQL in relational database management systems.

Position requires an Associate certification from the Society of Actuaries. 

RATE OF PAY:  $143,083 – $184,925 / per year

Please apply via careers.uhg.com and search for job #2287456

Careers with UnitedHealthcare. Let’s talk about opportunity. Start with a Fortune 6 organization that’s serving more than 85 million people already and building the industry’s singular reputation for bold ideas and impeccable execution. Now, add your energy, your passion for excellence, your near-obsession with driving change for the better. Get the picture? UnitedHealthcare is serving employers and individuals, states and communities, military families and veterans where ever they’re found across the globe. We bring them the resources of an industry leader and a commitment to improve their lives that’s second to none. This is no small opportunity. It’s where you can do your life’s best work.SM

UnitedHealth Group offers a full range of comprehensive benefits, including medical, dental and vision, as well as matching 401k and an employee stock purchase plan.

Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law. 

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.