Actuarial Manager

Consulting Actuary

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing Together.

This job role is in the Optum Advisory and Implementations business unit under the Government Programs Actuarial (GPA) practice. The GPA practice focuses on providing actuarial consulting services to Medicare and Medicaid payers. This actuarial consulting practice competes with other traditional actuarial consulting organizations in the industry. The GPA practice primarily works with non-United Health Group payer entities and focuses on creating top tier actuarial solutions for its customers. Since this job is a consultative role, work responsibilities will vary based on customer needs.

Traditionally, this role focuses on client-facing projects and internal training needs for our analyst staff. The role will be supported by other actuarial analysts and consultants in the GPA practice and will include leadership of teams of analysts. While Medicare Part D expertise is requested, the job role will ultimately include opportunities to work on projects beyond Medicare Part D, including Medicare Advantage pricing, financial forecasting, product design strategy, Medicaid pricing, ACA pricing, and more.

Primary Responsibilities:

• Mentor and develop an elite team of consulting actuaries
• Lead and participate in client relationships and oversee client assignments
• Perform rate development and financial analytic actuarial activities related to Medicare Advantage and Part D programs. These activities include strategic consulting related to MAPD and PDP bid development and leading the actuarial analyst teams throughout the year for ongoing reporting and analytic services
• Design and run complex data programs to create mathematical analyses and actuarial models

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• Bachelor's degree
• On the Actuarial exam track, having passed a minimum of 4 or more Actuarial exams
• 5+ years of Actuarial experience
• 2+ years of Part D pharmacy pricing experience OR Part D industry experience

Preferred Qualifications:

• ASA or FSA designation
• 3+ years of experience managing and providing work direction to a team
• Experience with PBM contract pricing term evaluations and/or rebate negotiations
• Consulting experience
• Current working knowledge of the Inflation Reduction Act

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $110,200 to $188,800 annually based on full-time employment. We comply with all minimum wage laws as applicable.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.