Waymark is hiring a
Actuary

Summary

Join Waymark as a key member of their Actuarial team and play a pivotal role in supporting their mission, vision, and high-growth trajectory. As the second hire on the team, you will help develop and maintain corporate controls and policies, further developing and implementing performance forecasting, experience monitoring, and risk mitigation for new and existing contracts.

Requirements

• Degree in quantitative field (business, economics, math, statistics)
• 5+ years of health actuarial experience. In-depth Medicaid/Medicare Advantage (dual eligibles) expertise
• Proven experience in medical economics analysis with strong SQL programming skills
• Technical proficiency in all aspects of health care actuarial practice including pricing, reserving, and data reporting
• Ability to handle multiple projects in a fast-paced environment
• Great communication skills
• Humble awareness when to ask for help

Responsibilities

• Take ownership of specific components of the financial monitoring and monthly accrual development close work
• Develop familiarity with the existing data and IBNR tool and create additional processes for the valuation and performance of Waymark Care contracts
• Serve as a technical expert on the valuation and performance of data and the total cost of care components of the financial projections
• Support the update of financial forecasts and assist in developing and refining assumptions around the drivers of revenue and/or total cost of care
• Develop and refine data queries, tools, and processes within the actuarial team
• Actively participate and contribute to partner discussions and alignment on Waymark Care performance
• Regulatory Compliance: Stay informed about relevant Medicaid regulations and ensure the company's compliance with actuarial, audit, and financial reporting requirements
• Presentations: Communicate complex actuarial concepts and findings to non-technical stakeholders clearly and concisely
• Build relationships with partners in the Analytics, Partnerships, and Finance areas. Also, refine analytical exhibits used to communicate results and findings from the team to provider stakeholders
• Act as a strong partner for the Partnership teams and collaborate with actuarial and finance peers in partner health plans to share observations and resolve differences in assessments of Waymark’s performance

Benefits

• Medical, vision, dental, basic life insurance, and stock options available for the hired applicant
• Employees also receive twenty (20) vacation days, accrued over the year and eleven (11) paid holidays throughout the calendar year
• Sixteen (16) weeks of parental leave for birthing parents will also be available for use after successful completion of 6 months of employment, eight (8) weeks of bonding leave for non-birthing parents
• Employees are able to enroll in our 401(k) plan and commuter benefits plan