Senior Actuarial Analyst

Job Locations US-IL-Chicago
ID
2024-4818
Category
Finance
Type
Active/Full Time/Regular

Job Summary

WELLBE INTRODUCTION

WellBe Senior Medical is an innovative, risk-bearing provider organization focused on delivering the highest quality geriatric care (care of older adults) to frail, elderly Medicare Advantage patients with multiple chronic medical conditions. This population is typically underserved and very challenged with access to quality care. To address these problems, WellBe has elected to bring the care to the patient inside their own homes, instead of trying to bring the patient to the care. Care is provided in the home by fully employed, multi-disciplinary care teams throughout the entire continuum of care – from chronic care and urgent care in the home to end of life care. WellBe's physician-led care teams provide “concierge” level geriatric medical care and social support in the home as well as delivering and coordinating care across the entire continuum.

 

GENERAL JOB SUMMARY

This is a highly unique role at an innovative, fast-growing value-based healthcare company. WellBe began serving its first patients in 2020 and has been growing at a 150% average growth rate since inception. Because WellBe’s contracts with MA plans are structured as value-based care full-risk arrangements, our actuarial department is growing as well. As the third actuarial employee, you will be tasked with helping to build the actuarial function from the ground-up. This job has significant long-term growth opportunity.

 

We are looking for a Senior Actuarial Analyst to join our team and support our actuarial functions. In this role, you will be responsible for developing actuarial financial reports, eligibility and claims analyses, utilizing IBNR assumptions, utilization reporting, revenue analysis and forecasting, coding for data processing, and any other ad-hoc analyses. They will in partnership with Finance, Reporting, and IT/Data Management leadership. The ideal candidate will have strong technical skills including coding and model development, analytical skills, experience in healthcare actuarial analysis, and excellent communication skills.

Job Description

Responsibilities:

  • Build actuarial eligibility and claims analyses to support the business's strategic initiatives
  • Process and summarize Medicare Advantage eligibility, claims, and revenue data from our plan partners
  • Develop and maintain accurate IBNR models to inform financial reporting
  • Conduct revenue analysis and forecasting to inform business decision-making and strategic planning
  • Code and perform data processing to ensure efficient data management and analysis
  • Collaborate with cross-functional teams to understand business needs and inform actuarial analyses
  • Identify trends and opportunities for improvement in actuarial processes and analytics
  • Present findings and recommendations to key internal stakeholders

Job Requirements

QUALIFICATIONS

Educational and Experience Requirements:

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related field
  • ASA preferred or on track to obtain ASA
  • Minimum 3 years of experience in healthcare actuarial analysis
  • Preferred experience working in Medicare Advantage
  • Experience with actuarial modeling and utilization reporting
  • Coding experience

Required Skills and Abilities:

  • Strong analytical skills, including proficiency in Excel and coding
  • Excellent communication and presentation skills, with the ability to explain complex actuarial concepts to both technical and non-technical stakeholders
  • Detail-oriented with the ability to manage multiple projects and prioritize effectively
  • Demonstrated understanding of risk-based contracting and performance analysis
  • Understanding of Medicare Advantage

Supervisory Responsibility: This position will have no direct reports at this time.

 

Travel requirements: Travel may be required up to 10% locally or nationally

 

Work Conditions: Ability to lift up to 20lbs. WellBe is currently working in-person in the office (Chicago). Work from home is available to remote employees.

 

The preceding functions may not be comprehensive in scope regarding work performed by an employee assigned to this position classification. Management reserves the right to add, modify, change, or rescind the work assignments of this position. Management also reserves the right to make reasonable accommodations so that a qualified employee(s) can perform the essential functions of this role.

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