Principal Actuary, Actuarial Analytics

Humana Inc.Louisville, KentuckyOn-siteFull-timeSenior, 5–8 yearsListed 3 hours ago

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About this role

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The Actuarial Analytics/Forecasting Principal analyzes and forecasts financial, economic, and other data to provide accurate and timely information for strategic and operational decisions. Establishes metrics, provides data analyses, and works directly to support business intelligence. Evaluates industry, economic, financial, and market trends to forecast the organization's short, medium and long-term financial and competitive position. The Actuarial Analytics/Forecasting Principal provides strategic advice and guidance to functional team(s). Highly skilled with broad, advanced technical experience.

The Actuarial Analytics/Forecasting Principal ensures data integrity by developing and executing necessary processes and controls around the flow of data. Collaborates with stakeholders to understand business needs/issues, troubleshoots problems, conducts root cause analysis, and develops cost effective resolutions for data anomalies. Works with senior executives to develop and drive segments or enterprise-wide functional strategies. Advises one or more areas, programs or functions and provides recommendations to senior executives on matters of significance, and as an advanced subject matter expert competent to work at very high levels in multiple knowledge and functional areas across the enterprise.

Responsibilities

- Analyze and forecast financial, economic, and operational data to support strategic and day-to-day business decisions.
- Develop accurate, timely reporting and insights for leadership and business partners.
- Establish performance metrics and key indicators to support business intelligence and decision-making.
- Evaluate industry, economic, financial, and market trends to assess Humana’s short-, medium-, and long-term financial and competitive position.
- Provide strategic actuarial and analytic guidance to functional teams and senior leadership.
- Support Medicare Individual analytic work across the team.
- Bridge analytics across teams to improve consistency, coordination, and insight generation.
- Ensure data integrity by designing, implementing, and maintaining processes and controls data flow.
- Collaborate with stakeholders to understand business needs, issues, and opportunities.
- Investigate and troubleshoot data and analytic issues.
- Conduct root cause analysis on data anomalies and develop cost-effective resolutions.
- Translate complex data findings into actionable recommendations for business leaders.
- Work with senior executives to help develop and drive segments or enterprise-wide functional strategies.
- Advise one or more business areas, programs, or functions on significant actuarial and analytic matters.
- Serve as an advanced subject matter expert across multiple knowledge and functional areas within the enterprise.
- Apply broad, advanced technical expertise to complex forecasting and analytic initiatives.
- Support cross-functional decision-making through high-level modeling, analysis, and interpretation of results.
- Monitoring claims emergence and identifying changes in utilization, unit cost, severity, and mix
- Distinguishing signal from normal claims volatility
- Breaking results down by geography, product, provider, service category, member cohort, and other meaningful dimensions
- Comparing actual experience with forecasts, pricing assumptions, and prior periods

Use your skills to make an impact

Required Qualifications

- Bachelor's degree required, Master's or Doctorate's degree preferred
- 7+ years of technical experience
- 2 - 5 years of project leadership
- FSA or ASA and other relevant professional designations, to include relevant advanced degree + recent and relevant work experience.
- MAAA
- Strong technical and non-technical communication skills, knowing your audience
- Experience in more than two functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving or trending)
- Must be passionate about contributing to an organization focused on continuously improving consumer experiences

Reporting Structure: The Principal role will report to VP Actuarial Analytics & Forecasting

Work Style: Remote, with occasional travel to Humana's offices for training or meetings may be required.

Work Hours: Typical business hours are Monday-Friday 8am-5pm

Interview Format

As part of our hiring process, we will be using on-demand technology provided by Hire Vue, a third-party vendor. This technology provides our team of recruiters and hiring managers with an enhanced method for decision-making through on-demand candidate assessments.

If you are selected to move forward from your application prescreen, you will receive correspondence inviting you to participate in an on-demand assessment with pre-determined questions. You should anticipate the assessment to take approximately 10-15 minutes.

Your on-demand assessment will be reviewed, and you will subsequently be informed if you will be moving forward to next round of interviews.

SSN Task via Workday

Should you receive a formal employment offer you will receive a request to enter your SSN into our Workday system to scan for duplicate profiles.

Scheduled Weekly Hours

40

Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.
$156,600 - $215,400 per year
This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.

# About Us
About Humana: Humana Inc. (NYSE: HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

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Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.