Description
ADP is hiring a Director, Actuary - Health & Wealth Benefits organization.
In this role, you will apply statistical and mathematical techniques to analyze data and assess risk factors. The ideal candidate will work closely with data scientists, analysts, and other teams to develop pricing models, perform risk assessments, and ensure compliance with regulatory requirements.
- Collaborate effectively with cross-functional teams. Work with the business to align and develop business strategies for best-in-class pricing and offerings.
- Communicate complex ideas simply. Excellent verbal and written skills; able to communicate effectively with leadership at all levels and across a broad set of team members. Drive transparency on priorities and expected return.
- Adapt quickly to changing priorities. Commitment to manage multiple priorities and have ability to re-assess and pivot as needed.
- Take initiative and work independently when needed. Ability to effectively assess the scope of work and level of effort, to develop models, predict outcomes, and assess future risk and vulnerability.
- Results Driven. Proactive and hands-on. Understands statistical packages and has proven ability to deploy models; evaluate and work with large data sets; and provide actionable insights.
As the Director, you will be recognized as an expert within the company. You will have 12+ years of experience in actuary or equivalent. You will have a passion for health insurance--a motivated self-starter with strong analytical and problem-solving skills. This special someone should have excellent attention to detail, with the ability to learn quickly, keeping up with the ever-evolving healthcare space. Ideal candidates have a history for producing key insights and delivery models to increase accuracy of reporting and advanced analytics in an agile environment to unlock transformational growth.
Ready to #MakeYourMark? Apply now!
WHAT YOU'LL DO IN THIS ROLE: Responsibilities
- Conduct experience studies and identify actionable insights to modify subscriber behaviors geared toward improving overall results.
- Analyze carrier cost ratios based on overall experience, identifying opportunities for improvement among new business and existing client base.
- Gather and develop benchmarks for purposes of assessing our performance and the potential for improvement.
- Prepare and present actuarial reports to senior leadership, explaining findings and recommendations in a clear and understandable manner.
- Offer insights to partners to continuously improve processes through data and innovation.
- Build strong internal and external partnerships.
- Partner with the Data & Analytics organization, Data Product teams, and business stakeholders to create roadmaps and execute project plans in fast-paced, agile development environment.
- Create use-case specific data tables by joining and critical elements across multiple data domains.
- Assess and determine key data elements needed for evaluation, ensuring it is well-structured, adheres to data quality rules, and traceable from consumption layer back to raw layer.
- Drive strategic use of data to support business efficiencies and competitive decision-making.
- Mentor junior team members working within matrix pod to support Advanced Analytics initiatives.
- Stay current with industry trends, actuarial methodologies, and best practices through ongoing professional development and education.
- Ongoing awareness of industry regulations and work to ensure compliance in all actuarial aspects of our products and services. Ensure compliance with SOX, HIPAA, and other regulations.
TO SUCCEED IN THIS ROLE: Requirements
- Can be fully remote, if the identified candidate is not near an ADP office. Otherwise, we support a hybrid flexible work arrangement; 3 days in the office and 2 days at home.
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field.
- Associate of the Society of Actuaries (ASA).
- 12+ years' experience as an actuary or equivalent relevant role, with a strong background in health insurance.
- Knowledge of various aspects of healthcare actuarial practice, including pricing, reserving, and forecasting.
- Experience with cloud database technologies (e.g., AWS) and developing solutions on cloud computing services and infrastructure in the data and analytics space.
- Proficiency in statistical modeling tools and programming languages; SQL, Python, MATLAB, R, or similar.
BONUS POINTS FOR THESE: Preferred Qualifications
- MBA is a plus.
- Experience working in PEO, Risk analytics, or analytical consulting.
- Understanding of both fully insured and self-insured Health & Benefits programs with underwriting and claims projection experience.
- Proven ability to derive new insights by merging and transforming internal and external data sets in business contexts.
- Demonstrated ability to effectively lead and participate on a variety of large projects, including complex analytical initiatives across departments.
- Ability to effectively communicate optimal design of the data for modeling.
- Experience with Jira and Confluence preferred.
- Knowledge with dashboarding tools (e.g., Dash, Shiny, Tableau, PowerBI).
- Comfortable using APIs to perform advanced data transformations.
- Exceptional analytical and problem-solving skills.
- Excellent written, verbal communication, presentation, and interpersonal skills with both technical and non-technical audiences.
- Ability to effectively communicate optimal design of the data for modeling.
YOU'LL LOVE WORKING HERE BECAUSE YOU CAN:
- Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
- Belong by joining one of nine Business Resource Groups where you can connect globally with networks and allies who share common interests and experiences.
- Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
- Continuously learn. Ongoing training, development, and mentorship opportunities for even the most insatiable learner.
- Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
- Balance work and life. Resources and flexibility to integrate your work and your life more easily.
- Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
- Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
- Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.
What are you waiting for? Apply today!
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Base salary offers for this position may vary based on factors such as location, skills, and relevant experience. Some positions may include additional compensation in the form of bonus, equity or commissions. We offer the following benefits: Medical, Dental, Vision, Life Insurance, Matched Retirement Savings, Wellness Program, Short-and Long-Term Disability, Charitable Contribution Match, Holidays, Personal Days & Vacation, Paid Volunteer Time Off, and more. The compensation for this role is USD $123,400.00 - USD $303,800.00 / Year*
*Actual compensation will not be less than the applicable minimum wage or minimum exempt salary requirement under federal, state and local laws.
A little about ADP: We are a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration and a leader in business outsourcing services, analytics, and compliance expertise. We believe our people make all the difference in cultivating a down-to-earth culture that embraces our core values, welcomes ideas, encourages innovation, and values belonging. We've received recognition for our work by many esteemed organizations, learn more at ADP Awards and Recognition.
Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is committed to an inclusive, diverse and equitable workplace, and is further committed to providing equal employment opportunities regardless of any protected characteristic including: race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, protected veteran status or disability. Hiring decisions are based upon ADP’s operating needs, and applicant merit including, but not limited to, qualifications, experience, ability, availability, cooperation, and job performance.
Ethics at ADP: ADP has a long, proud history of conducting business with the highest ethical standards and full compliance with all applicable laws. We also expect our people to uphold our values with the highest level of integrity and behave in a manner that fosters an honest and respectful workplace. Click https://jobs.adp.com/life-at-adp/ to learn more about ADP’s culture and our full set of values.
