Actuarial Consultant - Eden Prairie, MN or | Prairie, MN

Actuarial Consultant

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

Is it time to raise your game? Are you ready to take on a more advanced role in tracking and effectively managing risk? As a member of our high-performance actuarial team, you'll help support UnitedHealth Group's growth and financial goals and while you help shape our future.

As an Actuarial Consultant, you will be empowered, supported and encouraged to use your actuarial expertise as you build and maintain actuarial models to support financial analysis for our Value-Based Care (VBC) business. You'll find an accelerated actuarial development path to support you in your continuing post-graduate education and certification. The successful candidate will have a strong background in actuarial science, a technical skillset to take on complex VBC modeling and the curiosity and desire to become a thought leader in their areas.

You'll enjoy the flexibility to work remotely from anywhere within the U.S. as you take on some tough challenges. This position follows a hybrid schedule with four in-office days per week. Eden Prairie, MN preferred.

Primary Responsibilities:

• Build and maintain actuarial models used for forecasting and tracking performance risks associated with value-based arrangements.
• Extract, analyze, and aggregate revenue/claim data from multiple sources and interpret quantitative data to review and guide the strategy of value-based arrangements
• Evaluate and identify profitability drivers to determine whether performance is driven by business or regulatory changes and/or revenue and medical trends.
• Peer review and perform data mining and analysis that impacts foundational pricing and risk assumptions
• Explain and extract payer specific utilization data to support value-based care negotiations
• Design and prepare annual revenue and claim forecasts and summary exhibits to determine value of the contracts
• Provides explanations and interpretations of underwriting analysis to analysts, managers and directors within and sometimes outside department within area of expertise
• Communicate the results of your work in a meaningful way to internal stakeholders.

All While Working In An Environment That Allows:

• Effective project & time management; Flexibility in your work schedule
• Participation in team problem solving; Contribution to team effectiveness
• Inclusion into the UHG Actuarial Study Program, including company sponsored study hours and study materials

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Finance or related field
• Must be on the Actuarial exam track, having passed 3 or more Actuarial exams
• 4+ years of experience working in a corporate environment including experience collecting, analyzing and summarizing qualitative/quantitative data
• Expertise working with formulas, calculations, charts, graphs in MS Excel

Preferred Qualifications:

• Associate of the Society of Actuaries designation
• 2+ years of experience building Actuarial models in SQL (Structured Query Language), SAS (Statistical Analysis System) and/or VBA (Visual Basic for Applications)
• Experience working in finance or the health care industry
• Experienced with any of the following: Underwriting, Financial Reporting, Government Programs, Medicare Advantage (MA) products, Medicare Bids, and/or VBC modeling
• Demonstrated ability to be self-motivated, inquisitive, and quick to learn new business concepts, with a proactive approach to taking initiative

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy.

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary for this role will range from $91,700 to $163,700 annually based on full-time employment. We comply with all minimum wage laws as applicable.

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

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