Pharmacy Analytics Actuary Advisor

This position will support pharmacy analytics for the actuarial team. This includes contract support through analysis of current data compared to contract terms as well as analysis for proposed contract changes. Will work with the pharmacy team, as well as the pricing team to help support pharmacy specific trend development, deep dives into emerging pharmacy experience and trends. Will provide support for pharmacy formulary change analytics as needed on the actuarial team.

Provides actuarial support by:

• Preparing, analyzing, and reporting accurate pricing, and/or financial analysis to develop actuarially sound forecasts, targets for provider risk arrangements and/or support for our business partners.
• Leading/attending meetings to discuss business impact of assumptions, participate in informing decision-making process by evaluating multiple scenarios and providing impact assessments. Helping to establish targets for pricing, budgeting, risk arrangements or other third-party contracts.
• Assist in advising other departments (Underwriting, Data & Analytics, Provider, Pharmacy, Product and Finance, etc.) on the pricing and profitability of these products, contracts and/or risk arrangements.
• Assist with recruiting and, training actuarial staff to build a high performing actuarial team and supervising analysts on specific projects where applicable.

• Nearly all work is completed independently. Can estimate the scope of new projects, lead work teams, and present to business customers. Is able to design and build complex models for business needs. Demonstrates professional judgement in work consistent with the ASOPs.
• Mentoring/onboarding is a regular part of their job. Also reviews/checks work.
• Broad knowledge of multiple areas of the business / markets. Expert in one or more area of the business / market.
• Highly proficient in Microsoft Office (e.g., Excel-advanced), Programming & Data tools (e.g. SQL, R, SAS, Python), Business Intelligence tools (e.g., Copilot) and other relevant tools to summarize and visualize results. Provides both descriptive and diagnostic analytics. Supports teammates in troubleshooting/improving technical work products. Collaborates with engineers/architects to support business needs and tests new tables.
• Focuses on supporting/mentoring the team. Proactively advocates for best practices. Clearly communicates conclusions and recommendations from analysis to an external team.

Required

• Bachelor's Degree in Actuarial Science or a related discipline such as business, economics, statistics or math; or equivalent education and experience
• 7 years of relevant actuarial experience
• 3 years of health care experience
• Pharmacy experience
• CRT - Associate of the Society of Actuaries (ASA)

Preferred

• Experience working in actuarial consulting
• CRT - Fellow of the Society of Actuaries (FSA)

As a team member at Corewell Health, you will play an essential role in delivering personalized health care to our patients, members and our communities. We are committed to cultivating and investing in YOU. Our top-notch teams are comprised of collaborators, leaders and innovators that continue to build on one shared mission statement - to improve health, instill humanity and inspire hope. Join a nationally recognized health system with an ambitious vision of continued advancement and excellence.

• Comprehensive benefits package to meet your financial, health, and work/life balance goals. Learn more here.

• On-demand pay program powered by Payactiv

• Discounts directory with deals on the things that matter to you, like restaurants, phone plans, spas, and more!

• Optional identity theft protection, home and auto insurance, pet insurance

• Traditional and Roth retirement options with service contribution and match savings

• Eligibility for benefits is determined by employment type and status

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Corewell Health is committed to providing a safe environment for our team members, patients, visitors, and community. We require a drug-free workplace and require team members to comply with the MMR, Varicella, Tdap, and Influenza vaccine requirement if in an on-site or hybrid workplace category. We are committed to supporting prospective team members who require reasonable accommodations to participate in the job application process, to perform the essential functions of a job, or to enjoy equal benefits and privileges of employment due to a disability, pregnancy, or sincerely held religious belief.

Corewell Health grants equal employment opportunity to all qualified persons without regard to race, color, national origin, sex, disability, age, religion, genetic information, marital status, height, weight, gender, pregnancy, sexual orientation, gender identity or expression, veteran status, or any other legally protected category.

An interconnected, collaborative culture where all are encouraged to bring their whole selves to work, is vital to the health of our organization. As a health system, we advocate for equity as we care for our patients, our communities, and each other. From workshops that develop cultural intelligence, to our inclusion resource groups for people to find community and empowerment at work, we are dedicated to ongoing resources that advance our values of diversity, equity, and inclusion in all that we do. We invite those that share in our commitment to join our team.

You may request assistance in completing the application process by calling 616.486.7447.