Optum Tech, part of UnitedHealth Group, is hiring a Director of Actuarial Services to lead the actuarial team responsible for assessing risk in value-based care contracts. You will build and maintain models to support financial analysis, risk management, and strategic contract negotiations across the provider organization.
What You'll Do
- Lead the development and oversight of actuarial models and forecasts to support value-based Medicare Advantage, Commercial, and Medicaid risk arrangements
- Develop and recommend actuarially sound financial terms to effectively manage risk in risk‑based arrangements
- Analyze large, complex financial, claims, utilization, and cost data sets to assess performance, risk, and opportunities
- Translate complex analytical findings into clear, actionable insights for operators, provider partners, finance leadership, and senior executives
- Provide actuarial expertise and strategic recommendations to support contract negotiations, performance tracking, and risk management
- Drive strategic initiatives, process improvements, and innovation through predictive modeling and creative problem solving
- Partner cross-functionally to identify cost mitigation opportunities and support enterprise-wide initiatives
- Oversee day-to-day execution of actuarial and analytic work, ensuring quality, efficiency, and alignment with business goals
- Communicate effectively with technical and non-technical audiences through presentations, discussions, and written materials
- Serve as a key resource for risk-taking provider organizations and physician groups
- Manage, mentor, and develop a team of managers and analysts, including performance management, talent development, and succession planning
What We're Looking For
- ASA (Associate of the Society of Actuaries) designation
- 5+ years of actuarial experience with foundational literacy in healthcare analytics and modeling
- 3+ years of experience analyzing and manipulating large healthcare claim datasets
- 2+ years of experience managing actuarial analysts
- Proficiency in Excel and SQL
- Proven excellent problem-solving and communication skills, along with critical thinking skills to anticipate questions from key stakeholders
Nice to Have
- FSA, or progress toward FSA (Associate/Fellowship of the Society of Actuaries) designation
- 3+ years of experience with any of the following: Government Programs, Medicare Advantage (MA) products, Medicare bids, and/or VBC modeling
- Experienced presenting business insights and summaries to inform decisions to stakeholders
- Proven ability to self-motivate, quickly learn new business concepts and take initiatives
Technical Stack
- Excel
- SQL
Team & Environment
You will lead a growing actuarial team comprised of managers and analysts.
Benefits & Compensation
- Inclusion into the UHG Actuarial Study Program, including company sponsored study hours and study materials
- Comprehensive benefits package
- Incentive and recognition programs
- Equity stock purchase
- 401k contribution
- Compensation range of $134,600 to $230,800 annually
Work Mode
This is a hybrid role, with a preference for candidates located near Eden Prairie, MN.
UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
