Become a part of our caring community and help us put health first
Humana is a $100+ billion (Fortune 38) market leader in integrated healthcare with a clearly defined purpose to help people achieve lifelong well-being. As a company focused on the health and well-being of the people we serve, Humana is committed to advancing the employment experience and vitality of the associate community. Through offerings anchored in a whole-person view of human well-being, Humana embraces a focus on stimulating positive individual and population changes while nurturing a sense of security, enabling people to live life fully and be their most productive.
We are currently seeking a talented professional for the role of Associate Vice President, Actuarial Valuation. This person will be responsible for estimates of short term and long-term reserves required for unpaid claim liability, active life reserves, and other actuarial items that ought to be established, appropriate margins, and premium deficiency reserves for monthly, quarterly, and annual financial statement reporting. This position requires an in-depth understanding of how organization capabilities interrelate across segments and/or enterprise wide.
Key Responsibilities
As the Appointed Actuary, the Associate VP, Actuarial Valuation partners with Finance for internal and statutory reporting. He/she completes asset adequacy testing in support of the Actuarial Opinions and Actuarial Memorandums. The AVP also handles actuarial reserves and risk control aspects of state Department of Insurance examinations, external auditors, and internal auditing of reserves and liabilities. Decisions are typically related to intradepartmental coordination, development and implementation of strategic plans, and business outcomes, and develops and implements strategic plans for the scope of management that are aligned with the Segment or Business strategy. This person will also play a key role in driving departmental transformation, as part of Humana's larger enterprise transformation initiative. The AVP will lead a team of roughly ten associates, with three direct reports.
This position can be located anywhere within the contiguous lower 48 states.
Use your skills to make an impact
Key Candidate Qualifications
The successful candidate must be qualified to issue NAIC Health and Life Annual Statement opinions under the American Academy of Actuaries' "Specific" qualification standards, with extensive experience (typically 10+ years) as an Actuary in the healthcare industry. Experience as an Appointed Actuary is preferred. He/she will also have several years of management experience (typically 8+ years), with proven success in expanding and elevating the capabilities and performance of the team. This leader will hold relevant professional designations, such as FSA, ASA, or MAAA. A Bachelor's degree is required, but an advanced degree is strongly preferred.
In addition to the above, the following professional qualifications and personal attributes are also sought:
Travel: While this is a remote position, occasional travel to Humana's offices for training or meetings may be required.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.
$208,500 - $286,700 per year
This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, "Humana") offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
Application Deadline: 04-29-2025
About us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Apply NowHumana is a $100+ billion (Fortune 38) market leader in integrated healthcare with a clearly defined purpose to help people achieve lifelong well-being. As a company focused on the health and well-being of the people we serve, Humana is committed to advancing the employment experience and vitality of the associate community. Through offerings anchored in a whole-person view of human well-being, Humana embraces a focus on stimulating positive individual and population changes while nurturing a sense of security, enabling people to live life fully and be their most productive.
We are currently seeking a talented professional for the role of Associate Vice President, Actuarial Valuation. This person will be responsible for estimates of short term and long-term reserves required for unpaid claim liability, active life reserves, and other actuarial items that ought to be established, appropriate margins, and premium deficiency reserves for monthly, quarterly, and annual financial statement reporting. This position requires an in-depth understanding of how organization capabilities interrelate across segments and/or enterprise wide.
Key Responsibilities
As the Appointed Actuary, the Associate VP, Actuarial Valuation partners with Finance for internal and statutory reporting. He/she completes asset adequacy testing in support of the Actuarial Opinions and Actuarial Memorandums. The AVP also handles actuarial reserves and risk control aspects of state Department of Insurance examinations, external auditors, and internal auditing of reserves and liabilities. Decisions are typically related to intradepartmental coordination, development and implementation of strategic plans, and business outcomes, and develops and implements strategic plans for the scope of management that are aligned with the Segment or Business strategy. This person will also play a key role in driving departmental transformation, as part of Humana's larger enterprise transformation initiative. The AVP will lead a team of roughly ten associates, with three direct reports.
This position can be located anywhere within the contiguous lower 48 states.
Use your skills to make an impact
Key Candidate Qualifications
The successful candidate must be qualified to issue NAIC Health and Life Annual Statement opinions under the American Academy of Actuaries' "Specific" qualification standards, with extensive experience (typically 10+ years) as an Actuary in the healthcare industry. Experience as an Appointed Actuary is preferred. He/she will also have several years of management experience (typically 8+ years), with proven success in expanding and elevating the capabilities and performance of the team. This leader will hold relevant professional designations, such as FSA, ASA, or MAAA. A Bachelor's degree is required, but an advanced degree is strongly preferred.
In addition to the above, the following professional qualifications and personal attributes are also sought:
- Experience in more than two functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving or trending)
- Excellent oral and written communications skills, including the polish, poise, and executive presence that will ensure effective interaction with executive and senior-level audiences
- Current or recent experience in a large, highly matrixed company (i.e., Fortune 250), or a major consulting or accounting firm, with proven ability to influence leaders and key stakeholders in such an environment
- Highly collaborative mindset and excellent relationship-building skills, including the ability to engage many diverse stakeholders and SMEs and win their co-ownership in the outcome
- Experience leading large-scale transformation initiatives focused on people, processes, and technology
- Working knowledge of software packages that support enterprise finance operations
- Must be passionate about contributing to an organization focused on continuously improving consumer experiences
Travel: While this is a remote position, occasional travel to Humana's offices for training or meetings may be required.
Scheduled Weekly Hours
40
Pay Range
The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.
$208,500 - $286,700 per year
This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.
Description of Benefits
Humana, Inc. and its affiliated subsidiaries (collectively, "Humana") offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
Application Deadline: 04-29-2025
About us
Humana Inc. (NYSE: HUM) is committed to putting health first - for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health - delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.
Equal Opportunity Employer
It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.
Working at
Humana
Humana, a leading health and wellness company, offers a wide array of health insurance products and health and wellness services. Their focus on senior citizens has made them a prominent name in Medicare and Medicaid services, with an emphasis on sustainable, integrated healthcare.