Associate Actuary, Part D Pricing

Welcome to Humana, where we are dedicated to helping our members achieve their best health. We are currently seeking a highly motivated and analytical individual to join our team as an Associate Actuary, specializing in Part D pricing. In this role, you will be responsible for developing and maintaining pricing strategies for our Medicare Part D products, ensuring that they are competitive, compliant, and sustainable. As an integral member of our actuarial team, you will have the opportunity to make a significant impact on the financial success of our business. To excel in this role, you should possess strong technical skills, a deep understanding of actuarial principles, and a passion for problem-solving. If you are looking for a challenging and rewarding career in the healthcare industry, we encourage you to apply for this exciting opportunity.

• Develop and maintain pricing strategies for Humana's Medicare Part D products, ensuring they are competitive, compliant, and sustainable.
• Conduct thorough analysis of data and trends to inform pricing decisions and identify areas for improvement.
• Collaborate with cross-functional teams, including product development, underwriting, and sales, to ensure alignment and effectiveness of pricing strategies.
• Stay up-to-date on industry and regulatory changes that may impact Part D pricing, and make necessary adjustments to ensure compliance.
• Utilize actuarial models and tools to evaluate risk, profitability, and potential impact of pricing changes.
• Communicate pricing recommendations and rationale to senior management and other stakeholders.
• Monitor and evaluate the performance of Part D pricing strategies, and make adjustments as needed to meet business goals.
• Participate in the development and implementation of new products and benefit designs within the Part D market.
• Mentor and train junior actuarial staff on Part D pricing principles and practices.
• Continuously identify opportunities to improve processes, tools, and methodologies related to Part D pricing.
• Maintain a high level of accuracy and attention to detail in all pricing analyses and related documentation.

According to JobzMall, the average salary range for a Associate Actuary, Part D Pricing is between $90,000 and $120,000 per year. Salaries may vary depending on factors such as location, years of experience, and specific job duties. Additionally, higher level positions or those with additional certifications or advanced degrees may command higher salaries.

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. Its strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people they serve across the country. The company operates its business through the following segments: Retail, Group, and Healthcare Services.