Cambria Health, Inc.
Work Remotely from Oregon, Washington, Idaho or Utah
Primary Job Purpose
The Actuary leads and performs technical, analytical, reporting and support functions, collaborating with peers, management, and customers, to help the Cambia Actuarial and Healthcare Informatics departments and the company meet market and financial goals.
The Large Group Pricing team supports financial and risk analysis for large insured or self-insured employer groups. The successful applicant could be involved in all areas of related analysis including: benefits pricing, model development and maintenance, performance monitoring, self-funded business analytics, stop loss, pharmacy, regulatory and compliance, etc.
Cambia Actuarial and Healthcare Informatics includes over 100 actuaries, consultants, data analysts and statisticians who provide pricing, financial and statistical projections and analysis, risk evaluation, research and custom reporting for Cambia’s health plans and customers in Idaho, Oregon, Utah, and Washington. We ensure our products are appropriately priced, our financial positions are appropriately stated and projected, and our leaders and customers are appropriately informed to make strategic decisions, reflecting the expected risk.
General Functions and Outcomes
Provides guidance, contributions, and influence on cross-functional workgroups and key initiatives as actuarial representative.
Develops new methodologies; recommends methodology, assumptions, or process improvements to team management; performs actuarial certification duties.
Presents results to customers; effectively develops and reviews written responses to complex regulator or customer questions.
Demonstrated success with personal and team project management; develops workplans; ensures documentation is developed and maintained.
Coaches and mentors junior staff and interns.
Performs peer review of regular and ad hoc work products, following department and team quality assurance standards; understands risk level of work products; ensures compliance with applicable Actuarial Standards of Practice.
Competencies and Knowledge:
Achieved Associateship in the Society of Actuaries (ASA) with progress towards Fellowship (FSA) preferred.
Demonstrated actuarial experience in insurance pricing, valuation, financial reporting, cost analysis and/or provider analytics; health insurance experience preferred.
Demonstrated knowledge of insurance company functions, operations, and data.
Ability to represent the Division in internal, cross-functional meetings as a leadership presence.
Ability to work independently and in teams, as appropriate, for complex projects with significant risk and financial impacts.
Demonstrated technology expertise with Microsoft Office Suite and coding (e.g., SQL, SAS, Alteryx).
Normally to be proficient in the competencies listed above:
The Actuary would have a bachelor’s degree in mathematics, actuarial science, statistics, economics, computer science or related discipline, with at least six years of increasingly responsible actuarial job experience, or an equivalent combination of education and experience.
Required Licenses, Certifications, Registration, Etc.
Associate, Society of Actuaries (ASA) or Fellow, Society of Actuaries (FSA)
Travel may be required, either locally or out of state
May be required to work outside of normal business hours
The base pay annual salary range for this job is $122,000 to $198,500
At Cambia, we take a variety of factors into account when creating a job offer, including your skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. While we offer competitive salaries, in general, we rarely hire candidates at or near the top of the salary range.
Base pay is just part of the compensation package at Cambia that is supplemented with an exceptional 401(k) match, bonus opportunity and other benefits. In keeping with our Cause and vision, we offer comprehensive well-being programs and benefits, which we periodically update to stay current. Some highlights:
medical, dental, and vision coverage for employees and their eligible family members
annual employer contribution to a health savings account ($1,200 or $2,500 depending on medical coverage, prorated based on hire date)
paid time off and company holidays
up to a 6% company match on employee 401k contributions, with a potential discretionary contribution based on company performance (no vesting period)
up to 12 weeks of paid parental time off (eligible day one of employment if within first 12 months following birth or adoption)
one-time furniture and equipment allowance for employees working from home
up to $225 in Amazon gift cards for participating in various well-being activities for a complete list see our External Total Rewards page.
We are an Equal Opportunity and Affirmative Action employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A background check is required.