Actuary – Health Economics (Remote)

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UPMC Health Plan is seeking an Actuary in its Department of Health Economics! This credentialed healthcare actuary would drive high-visibility impactful analysis and would be responsible for developing and driving medical cost improvement strategies. This includes evaluating program and initiative outcomes, interpreting cost and trend driver analysis to generate new initiative ideas, and presenting findings to leadership.

The Actuary will require a diverse set of skills and experience, including data and analytics expertise, broad-based business and health economics acumen, a strategic mindset, and an ability to influence and leverage cross-functional teams in a non-traditional actuarial environment. This position may also direct or supervise less experienced actuarial analysts in the performance of duties. As an Actuary at UPMC, you will be given support for professional designations through our comprehensive student program and continuing education opportunities. Our team members can choose a work style that is best for them – this position is eligible for fully remote work or a hybrid work arrangement. 

Responsibilities:

• Lead the development of detailed actuarial and financial models to communicate near and long-term projections of financial performance of new and ongoing initiatives and clinical programs to facilitate corporate decision-making and the development of strategies and goals.
• Analyze impacts of healthcare affordability initiatives on medical cost and utilization trends.
• Apply analytical and statistical software tools to summarize large healthcare data to glean findings and actionable insights and deliver results to leadership.
• Incorporate healthcare claims cost and utilization trends into the development of projections used to define savings methodologies for affordability initiatives and programs.
• Develop and gain support for data-based recommendations with team members from product, clinical, network, and strategy functions.
• Guide the development of well-documented standard actuarial reports and projects.
• Present results of analyses and recommendations to management and senior leaders.
• Apply an understanding of complex actuarial concepts, methods, and applications in a variety of situations.
• Creatively leverage a wide range of datasets to inform key analyses.
• Provide direction and supervision to less experienced staff in the performance of duties. May directly manage 1 analyst.
• Build strong relationships within cross-functional workgroups including Clinical, Pharmacy, Network, Actuarial, Analytics, and Finance teams across the enterprise.
• Ensure that departmental work products meet the highest standards of quality.
• Provide analytical support for ad hoc data analyses.