Senior Manager Actuarial Services

Avon CT 06001

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

ASA-Associate of Society of Actuaries - Enterprise

License and Certifications - Preferred

FSA - Fellow of the Society of Actuaries - Enterprise

Other Job Requirements


  • Fellow of the Society of Actuaries (FSA) designation preferred.
  • Experience working in comprehensive managed health care plan environment preferred
  • Experience working in Managed Medicaid and/or Medicare plan preferred.
  • Experience with data manipulation tools (Access/SQL/SAS or similar) preferred, but not required.
  • 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.

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.

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