Actuarial Services Manager - Corporate

Actuarial Services Manager - CorporateThis position is responsible for managing the actuarial components of financial reporting and analysis cycles within the organization. This includes providing actuarial estimates of Incurred But Not Reported (IBNR) liabilities and other assets and liabilities, analyzing trends, identifying deviations from benchmarks and the resulting financial impacts, forecasting changes in health care cost and utilization patterns, estimating and calculating the return on investment of proposed and implemented initiatives, completing required regulatory reporting, and communicating results and findings from actuarial analyses within CareOregon. Primary duties include technical and operational management, as well as relationship and people management. This position provides input into strategic plans for the broader organization. Estimated Hiring Range:
$170,460.00 - $208,340.00 Bonus Target:
Bonus - SIP Target, 5% Annual
Current CareOregon Employees: Please use the internal Workday site to submit an application for this job.
Essential Responsibilities
Technical/Operational Management

- Work with the Director, Actuarial Services to manage the development and communication of actuarial analysis related to financial reporting in alignment with organizational vision and goals.

- Develop and maintain models to determine actuarial estimates of IBNR, Premium Deficiency Reserve (PDR) liabilities, and other assets and liabilities; manage regular processes to ensure financial reporting deadlines are met.

- Develop and maintain actuarial cost models to perform cost and utilization analysis; identify and explain key drivers of historical trends; gather and develop benchmarks for purposes of assessing performance and the potential for improvement.

- Lead trend forecasting for use in budgeting; work with Financial Planning & Analysis team to set budgeted utilization and cost targets and evaluate actual results against budget.

- Analyze financial performance and work with LOB Finance team to communicate results and drivers of historical and forecasted performance to business leaders; identify opportunities to influence current and future outcomes.

- Create models of proposed interventions for use in goal setting, budgeting, and forecasting.

- Oversee the design, development, and implementation of evaluation tools to measure the effectiveness and ROI of various programs.

- Drive strategic use of data to support business efficiencies and competitive decision-making.

- Ensure the timely completion of assigned regulatory reporting for CMS and OHA.

Relationship Management

- Communicate effectively, encouraging and creating a collaborative culture within Strategic Finance and cross-functionally.

- Build and ensure effective relationships across internal teams and external organizations for current or future integration.

- Partner with internal leaders and managers in identifying improvement plans and processes.

Employee Supervision

- Manage team(s) and recommends team direction and goals in alignment with the organizational mission, vision, and values.

- Identify work and staffing needs to meet work expectations; recruit and hire, using an equity, diversity, and inclusion lens.

- Plan, organize, schedule, and monitor work; ensure employees have information and resources to meet job expectations.

- Participate in 1:1, team, and department meetings; attend all staff meetings.

- Lead the development, communication, and oversight of team and individual goals; ensure goals, expectations, and standards are clearly understood by staff.

- Train, supervise, motivate, and coach employees; provide support toward employee development.

- Incorporate guidance from CareOregon equity tools into people leadership, planning, operations, evaluation, and decision making.

- Ensure team adheres to department and organizational standards, policies, and procedures.

- Evaluate employee performance and provide regular feed