Actuarial Manager

Job Description:

This position provides actuarial expertise and contributes to the financial soundness of SelectHealth and Intermountain. Applies actuarial principles to oversee the calculation and management of financial statement reserves and other liabilities, actuarial forecasting models, Select Health budgeting process, management reporting and in depth financial analysis. This position is regarded as an 'expert' in financial analysis and understands the interrelationship of functional and finance areas within the company. Coordinates with the CFO, Controller and others to ensure accurate and timely completion of all financial activities.

This position can be performed remotely with travel as-needed.  Intermountain Health maintains employment registration in Utah, Idaho, Nevada, Colorado, Montana, and Wyoming. Candidates in other locations may be considered. Currently, we are not hiring remote workers in the following states: CA, CT, HI, IL, NY,  RI, VT, and WA.

Scope

This position supervises and oversees the activities of actuaries, actuarial analysts and financial analysts. This position interacts with the Executive Team of Select Health, finance and accounting managers for Select Health and Intermountain, consulting actuaries, internal and external auditors, financial personnel and attorneys, as well as staff in the various areas of Select Health. This position reports to the Chief Actuary of Select Health. This position also has a strong working relationship with the Financial Services & Controller AVP (includes 1:1s with the FS&C AVP, attending FS&C AVP staff meetings, having FS&C AVP input on annual goals and review).

Responsible for financial statement reserves including IBNR and other actuarial liabilities (2014 average total in excess of $200 million).
Oversee the analysis and preparation of the SelectHealth annual budget (2014 annual revenue in excess of $2.5 billion).
Direct the development and monitoring of the operating and capital budgets for SelectHealth.

Job Essentials

• Applies actuarial principles to the analysis and development of financial statement reserves including IBNR and other actuarial liabilities in order to satisfy regulatory requirements of the relevant governing bodies.
• Provide direction for the development of actuarial budget-related projections including revenue, medical expense, producer expenses and other related items. Also develop analyses for these projections to help guide the related strategic decisions.
• Responsible for actuarial input and support for internal and external audits and reporting.
• Performs valuation actuary functions for SelectHealth.
• Directs the preparation of the operating and capital budgets. Maintains a close working relationship with department managers, and executives throughout the budgeting process. Recommends budgets that are consistent with company objectives of accountability and operational efficiency.
• Partners with department managers and/or directors in developing their understanding and use of budget and financial tools to reach budget department goals.
• Provides all levels of management with accurate, meaningful, and timely financial reports. Prepares periodic financial reports for the Board and Finance Committee. Reviews monthly operations and interacts with department managers and executives to quantify variances. Coordinates with personnel and external auditors to facilitate the reporting needs.
• Performs various analyses (e.g., capital purchase, pro-forma projections, cost per member, net present value, make good analysis). Designs systems of data collection and reporting which enhances actuarial analysis. Understands actuarial principles and the relationship between actuarial reporting and financial accounting. Ensures the appropriate actuarial data is reflected in the financial statements and projections.
• Directly supervises, coaches, and mentors other professionals and staff who are involved in actuarial analysis, budgeting, financial reporting and financial analysis processes. Also manages actuarial and finance resources across all related functions for efficient and effective deployment of staff.
• Develops and supports the strategic planning process related to finance.

Minimum Qualifications

• Bachelor's degree. Education must be obtained through an accredited institution. Degree will be verified.
• Fellow of the Society of Actuaries (or Associate of the Society of Actuaries and 15 or more years of relevant actuarial experience);
• Eight or more years of relevant actuarial experience and business experience including risk analysis, financing systems, valuation, accounting and supervisory experience.
• Member of American Academy of Actuaries. Knowledge, skills and abilities:
• Excellent analytical skills.
• Strong verbal and written communication skills.

Preferred Qualifications

• Master's degree in Accounting.
• CPA.
• Working knowledge of Intermountain information systems and financial processes.
• Database knowledge.
• Demonstrated leadership abilities in a team environment and be able to work collaboratively with others.
• Prior direct supervisory experience or managerial experience.
• Self-motivated with the ability to work with limited direct supervision.
• Detail oriented with excellent organizational and analytical skills.
• Must be flexible and adaptable to change.
• Excellent communication skills;
• Ability to communicate with all levels of the organization.
   

Physical Requirements:

• Interact with others requiring employee to verbally communicate as well as hear and understand spoken information.
• Operate computers, telephones, office equipment, and manipulate paper requiring the ability to move fingers and hands.
• See and read computer monitors and documents.
• Remain sitting or standing for long periods of time to perform work on a computer, telephone, or other equipment.

This is an exempt, full-time position. Pay offers are determined by prior years of relevant experience within the established pay range. In addition to the annual salary, to show our commitment to you and assist with your transition into our organization, we may offer a sign-on and relocation bonus when applicable. With this position, you are eligible to participate in the Annual Pay for Performance (AP4P) Plan. This plan enables Intermountain Health to provide leaders with an additional performance compensation opportunity. The AP4P award opportunities are calculated as a percentage of your base salary. Awards are paid out based on attainment of selected Board-approved goals. 

Location:

SelectHealth - Murray

Work City:

Murray

Work State:

Utah

Scheduled Weekly Hours:

40

The hourly range for this position is listed below. Actual hourly rate dependent upon experience. 

$66.41 - $102.52

We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.

Learn more about our comprehensive benefits packages for our Idaho, Nevada, and Utah based caregivers, and for our Colorado, Montana, and Kansas based caregivers; and our commitment to diversity, equity, and inclusion.

Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

All positions subject to close without notice.