Senior Actuarial Analyst

As the largest and leading value-based kidney care company, Somatus is empowering patients across the country living with chronic kidney disease to experience more days out of the hospital and healthier at home. 

It takes a village of passionate and tenacious innovators to revolutionize an industry and support individuals living with a chronic disease to fulfill our purpose of creating More Lives, Better Lived. Does this sound like you?

Showing Up Somatus Strong

We foster an inclusive work environment that promotes collaboration and innovation at every level. Our values bring our mission to life and serve as the DNA for every decision we make:

• Authenticity: We believe in real dialogue. In any interaction, with patients, partners, vendors, or our teammates, we are true to who we are, say what we mean, and mean what we say.
• Collaboration: We appreciate what every person at Somatus brings to the table and believe that together we can do and achieve more.
• Empowerment: We make sure every voice gets heard and all ideas are considered, especially when it comes to our patients’ lives or our partners’ best interests.
• Innovation: We relentlessly look for ways to improve upon the status quo to continuously deliver new solutions. 
• Tenacity: We see challenges as opportunities for growth and improvement — especially when new solutions will make a difference for our patients and partners.

Showing Up for You

We offer more than 25 Health, Growth, and Wealth Work Perks to help teammates learn, grow, and be the best version of themselves, including:

• Subsidized, personal healthcare coverage (medical, dental vision)
• Flexible Paid Time Off (PTO)
• Professional Development, CEU, and Tuition Reimbursement
• Curated Wellness Benefits supporting teammates physical and mental well-being
• Community engagement opportunities
• And more!

The Sr. Analyst, Actuary role will require the ability to evaluate complex risks and assess the potential financial consequences of those risks in the healthcare space. Utilize mathematics, statistics, and financial theory to assess the risk that may occur and help the business and clients develop business plans that minimize the cost of that risk. Advise the business on contract pricing in a value-based, risk-bearing environment. Contribute to and/or lead a wide variety of complex projects involving the contracting, reserving, pricing, and financial modeling of a full array of value-based care programs for providers and payors.

Essential Functions:

• Analyze statistical data around medical trends
• Complex modelling of statistics to determine potential risks
• Assist with pricing risk contracts with payors and providers
• Prepare presentations and detailed reports and present to clients
• Lead development and/or maintain multiple internal statistical models to support key business goals / initiatives; pricing models, financial projections, contract modeling, and ad hoc support projects

Skills Required:

• Strong quantitative and financial modeling capabilities and problem-solving ability
• Ability to work both independently and lead small teams, while enjoying a fast-paced collaborative environment
• Strong analytical skills including ability to draw conclusions, develop processes, and identify trends from data in a logical, systematic way
• Create client reporting for actuarial topics like the financial outcomes of various contracts, including shared risk and contingency based contracts.
• Lead development of advanced analytical models that help demonstrate our program value (cost savings, quality outcomes, and member satisfaction) to our clients
• Strong written and verbal communication skills
• Expert proficiency with Microsoft Suite to include SQL, Excel, Word, Power Point and Outlook

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. 

Required Education and Experience:

• Bachelor's degree in actuarial science, mathematics, economics or a related field is required
• Minimum of four (4) years of decision support, financial analysis or actuarial experience is required
• Ability to work cross-functionally with a variety of teams including operations, product, and technology.
• Strong database (SQL) experience is required

Preferred Education and Experience

• 4-7 years of experience
• Associate in the Society of Actuaries (ASA) Preferred
• Ability to handle ambiguity and desire to work in a fast-paced start-up environment.