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at Prime Therapeutics in Boise, Idaho, United States
Principal Actuary - Remote
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$112,204 / year median in the U.S.
+9% projected growth
Job Description
at Prime Therapeutics in Boise, Idaho, United States Job Description At Prime Therapeutics (Prime), we are a different kind of PBM , with a purpose beyond profits and a unique ability to connect care for those we serve. Looking for a purpose-driven career? Come build the future of pharmacy with us. Job Posting Title Principal Actuary - Remote Job Description The Principal Actuary is responsible for supporting the development of actuarial concepts and providing thought leadership for Prime's existing and potential owners and clients. This position will collaborate with the Senior Principal Actuary to provide strategic consulting support, manage the development of innovative actuarial modeling concepts, and provide pricing support for all lines of business. This position will also lead complex projects that are highly visible to executives and across the organization. Responsibilities + Collaborate as a subject matter expert ( SME ) with underwriters, other areas of Prime, and senior management on pricing initiatives, data analyses, and the Request For Proposal ( RFP ) process + Lead, manage, and review data analyses, reporting, and projections + Lead, manage, and review ad hoc complex pharmacy data mining and analyses to help investigate and answer challenging questions regarding actuarial data and concepts + Provide strategic pricing advice on structures and methodology using market research, financial projections, and complex actuarial modeling + Present results and analyses to key stakeholders, senior management, and clients; answer detailed and challenging questions regarding actuarial data + Lead and mentor Actuarial team members to enhance actuarial knowledge + Monitor the Health Policy environment considering the implication of organization pricing policies, law, and political changes that may impact client programs + Ensure all work is consistent with federal regulations and actuarial standards, as applicable + Other duties as assigned Minimum Qualifications + Bachelor's degree in Math, Actuarial Science, Economics or Finance + 8 years of actuarial work experience to include 6 years in a healthcare organization or PBM + Actuarial designation ( ASA or FSA ) + Must be eligible to work in the United States without the need for work visa or residency sponsorship Additional Qualifications + Advanced level of proficiency in Excel; intermediate level of proficiency in