Actuary

Actuary

Join us in this amazing opportunity with CalOptima, a mission-driven community-based organization that serves member health with excellence and dignity, respecting the value and needs of each person. If you are ready to advance your career while making a difference, we encourage you to review and apply today and help us build healthier communities for all.

We are hoping you will join us as an Actuary and help shape the future of healthcare where you'll be an integral part of our FA - Actuarial Services team, helping to strive for excellence while we serve our member health with dignity, respecting the value and needs of each of our members through collaboration with our providers, community partners and local stakeholders. This position has been approved to be Partial Telework.

If telework is approved, you are required to work within the State of California only and if Partial Telework, also come in to the Main Office in Orange, CA, at least two (2) days per week minimum.

The Actuary will ensure the fiscal integrity of CalOptima Health's program and policy decisions and facilitate executive decision making by providing timely and accurate actuarial and financial analyses. You will be responsible for the ongoing financial planning and analysis needs of the organization, including the review and analysis of revenue, medical costs and their underlying trends. Together, we are building a stronger, more equitable health system.

Your contributions to the team:

• 80% - Financial Analysis Support
• Participates in a mission-driven culture of high-quality performance, with a member focus on customer service, consistency, dignity and accountability.
• Assists the team in carrying out department responsibilities and collaborates with others to support short- and long-term goals/priorities for the department.
• Provides direction and guidance to Financial Analysis staff in accordance with established departmental and organizational policies.
• Serves as primary liaison with external actuarial services and support.
• Develops clinical utilization, cost profiles and other indicators for all areas of medical costs, including but not limited to CalOptima Health Direct, pharmacy and skilled nursing facilities.
• Completes analysis to support regulatory filings, including state rate development models and Medicare Advantage bids.
• Supports operating budget development and monthly reporting analysis.
• Responsible for incurred but not reported reserves (IBNR) modeling and analysis.
• Advises management of significant changes or unusual trends in medical costs and proposes recommendations for management consideration.
• Supports activities related to regulatory and financial audits and findings.
• Assists with the development of appropriate reimbursement rates and other financial contract provisions for CalOptima Health with the state of California.
• Assists in evaluation of decision support and analysis tools, as well as improvements to the data warehouse.
• Supports management with budgeting and forecasting duties.
• 5% - Other
• Completes other projects and duties as assigned.

Do you have what the role requires?

Bachelor's degree in health care economics/planning, business, mathematics or related field PLUS 3 years of health care informatics or actuarial experience required; an equivalent combination of education and experience sufficient to successfully perform the essential duties of the position such as those listed above may also be qualifying.

You'll stand out more if you possess the following:

Master's degree in health care economics/planning, business, mathematics or related field required.

What the regulatory agencies need you to possess?

Associate of the Society of Actuaries (ASA) certification required.

Your knowledge & abilities to bring to this role:

Develop rapport and establish and maintain effective working relationships with CalOptima Health's leadership and staff and external contacts at all levels and with diverse backgrounds.

Work independently and exercise sound judgment.

Communicate clearly and concisely, both orally and in writing.

Work a flexible schedule; available to participate in evening and weekend events.

Organize, be analytical, problem-solve and possess project management skills.

Work in a fast-paced environment and in an efficient manner.

Manage multiple projects and identify opportunities for internal and external collaboration.

Motivate and lead multi-program teams and external committees/coalitions.

Utilize computer and appropriate software (e.g., Microsoft Office: Word, Outlook, Excel, PowerPoint) and job specific applications/systems to produce correspondence, charts, spreadsheets, and/or other information applicable to the position assignment.

Your physical requirements (with or without accommodations):

Ability to visually read information from computer screens, forms and other printed materials and information.

Ability to speak (enunciate) clearly in conversation and general communication.

Hearing ability for verbal communication/conversation/responses via telephone, telephone systems, and face-to-face interactions.

Manual dexterity for typing, writing, standing and reaching, flexibility, body movement for bending, crouching, walking, kneeling and prolonged sitting.

Lifting and moving objects, patients and/or equipment 10 to 25 pounds

Ways we are here for you:

You'll enjoy competitive compensation for this role.

Our current hiring range is: Pay Grade: 315 - $109,892 - $175,827 ($52.83 - $84.5322).

The final salary offered will be based on education, job-related knowledge and experience, skills relevant to the role and internal equity among other factors.

This position is approved for Partial Telework (**If the position is Telework, it is eligible in California only**)

*This position will be from 7:30 am to 4:00 pm daily, with in-office attendance required three (3) days a week on Tuesdays, Wednesdays, and Thursdays.

**The first week of every month the position will be in the office Monday - Friday from 7:30 am to 4:00 pm daily.

Additional benefits and perks including:

A generous PTO program

A quality work life balance

Various wellness programs

Tuition Reimbursement

Professional development opportunities

Career development opportunities

Flexible scheduling

And the satisfaction of knowing your work directly impacts and improves healthcare access for thousands of individuals and families.

Our work environment:

If located at the 500, 505 Building or a remote work location:

Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.

There are no harmful environmental conditions present for this job.

The noise level in this work environment is usually moderate.

If located at PACE:

Work is typically indoors in a clinical setting serving the frail and elderly.

There may be harmful or hazardous environmental conditions present for this job.

The noise level in this work environment is usually moderate to loud.

If located in the community:

Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.

Employee will occasionally work outdoors in varied temperatures.

There may be harmful or hazardous environmental conditions present for this job.

The noise level in this work environment is usually moderate to loud.

Why join us?

We believe that diverse perspectives drive innovation. Each employee brings a unique perspective to the overall team and we value everyone's input and we are committed to creating an inclusive environment where you and every team member can thrive while making a meaningful impact on our community members. Our team reflects and represents the communities we serve, and we welcome candidates from all backgrounds who share our commitment to accessible, quality healthcare.

What's your next step?

All applications will be accepted on a continuous basis until a sufficient number of qualified applications have been received. Do NOT miss out. If you want to join our team, the deadline for the first review of applications is July 29, 2026 at 9:00 PM (PST). We are encouraging you to apply early. If you apply after the first review date, your application is not guaranteed to be considered for this recruitment. This recruitment may close at any time without notice after the first review date.

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