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Director, Actuarial Services at Magellan Health

Posted in Finance 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Avon, Connecticut

Job Description:

Supports all actuarial work required for one or more of the company's health plans, including rate adequacy, claims reserving, cost of care forecasting and planning. Works closely and collaboratively with cross-functional local health plan team. Provides insights to Actuarial team and key stakeholders regarding the interpretation of emerging care cost results and operates in a fast-paced, small team environment. Directly involved in providing actuarial support and requires strong analytic and data manipulation skills, and the ability to build as well as maintaining complex cost modeling tools. ASA designation or equivalent experience required.

  • Provides Actuarial market support for one or more of the company's full-risk managed health plan programs.

  • Supports all actuarial activities in regards to monthly financial close process.

  • Develops appropriate reserves for all care expense liabilities.

  • Actively assists Actuarial team, and local and corporate leadership in the interpretation of emerging care expense results.

  • Collaborates in designing and implementing processes for the ongoing improvement of forecasted medical expenses.

  • Provides pricing analytics supporting state and/or federal governing agency engagement on rate setting issues.

  • Manages actuarial aspects of required health plan regulatory reporting.

  • Collaborates and/or performs medical cost analyses as needed. 

General Job Information



Senior Manager, Actuarial Services



Job Family

Finance Group


United States of America

FLSA Status

United States of America (Exempt)

Recruiting Start Date


Date Requisition Created


Minimum Qualifications


Bachelors: Actuarial Science (Required), Bachelors: Mathematics (Required)

License and Certifications - Required

FSA - Fellow of the Society of Actuaries - Enterprise

License and Certifications - Preferred

Other Job Requirements


  • Associate of the Society of Actuaries (ASA) designation required,.

  • 7+ years of relevant actuarial experience; FSA exam performance and completions will be considered in combination with experience. 

  • 3+ years of management experience or demonstrated leadership and influence skills.

  • Strong analytics and hands-on data manipulation skills.

  • Strong spreadsheet skills required.

  • Ability to manage/maintain complex analytical models.

  • Ability to effectively apply independent data validation to work.

  • Strong communication skills.

  • Ability to effectively manage multiple activities with moderate degree of independence.

  • Ability to work collaboratively with cross-functional teams.

  • Masters degree in Computer Science, Information Systems or related field.

  • Experience in the managed care, health care, or insurance industries a plus.

Magellan Health Services is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled. Every employee must understand, comply and attest to the security responsibilities and security controls unique to their position.