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!

Job Description

A bit 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 will include:

• 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 and optimize our operations.

• Exposure to capital modeling techniques and solvency assessment frameworks.

• Working knowledge of SQL, SAS, Python, or other data tools for automation and modeling.

• Effective communication skills, including the ability to work with cross-functional teams and present technical results to non-technical audiences.

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Salary Range: $105,000-$135,000 / year

Our ranges are purposefully broad to allow for growth within the role over time. Once the interview process begins, your talent partner will provide additional information on the compensation for the role, along with additional information on our total rewards package. The actual base salary offered may depend on a variety of factors, including the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job.

Our Total Rewards package includes:

• Employer sponsored health, dental and vision plan with low or no premium

• Generous paid time off

• $100 monthly mobile or internet stipend

• Stock options for all employees

• Bonus eligibility for all roles excluding Director and above; Commission eligibility for Sales roles

• Parental leave program

• 401K program

• And more....

*Our total rewards package is for full time employees only. Intern and Contract positions are not eligible.

Healthcare equality is at the center of Devoted’s mission to treat our members like family. We are committed to a diverse and vibrant workforce.

Devoted is an equal opportunity employer. We are committed to a safe and supportive work environment in which all employees have the opportunity to participate and contribute to the success of the business. We value diversity and collaboration. Individuals are respected for their skills, experience, and unique perspectives. This commitment is embodied in Devoted’s Code of Conduct, our company values and the way we do business.

As an Equal Opportunity Employer, the Company does not discriminate on the basis of race, color, religion, sex, pregnancy status, marital status, national origin, disability, age, sexual orientation, veteran status, genetic information, gender identity, gender expression, or any other factor prohibited by law. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities and general treatment during employment.