Senior Manager, Actuarial- Modeling & Experience Studies

The Senior Manager, Actuarial at Cohere Health is tasked with developing comprehensive cost savings models, ensuring accurate valuations that reflect the true impact of our services. You will collaborate closely with various teams to fine-tune these models, analyze data for insights, and help guide our business strategies. Your role involves mentoring analysts and refining methodologies for ongoing accuracy and relevance.

Candidates should have at least 8 years of actuarial experience in health-related roles, with strong competencies in financial modeling and trend analysis. A Bachelor’s Degree in a relevant field, such as Math or Actuarial Science, is required, along with a designation from the Society of Actuaries (ASA or FSA). Proficiency in SQL and Excel is essential, with experience in Python or R being a convenient plus.

In this role, you will support Cohere's strategic growth initiatives by developing models that assess the financial potential of new programs and specialties. Your data-driven insights will aid in understanding market trends, enhancing our service offerings, and leading to improved client satisfaction—paving the way for business expansion and increased impact.

Cohere Health fosters an inclusive and supportive team environment that values collaboration and professional growth. As a Senior Manager, you'll lead a team of actuaries, work cross-functionally with operational and clinical teams, and play a key role in cultivating a culture of empathy and mutual respect. Everyone’s voice is valued, allowing for open discussions and a shared commitment to healthcare transformation.

The salary range for the Senior Manager, Actuarial position at Cohere Health is between $165,000 and $185,000 annually. This competitive compensation package also includes benefits like health insurance, a 401k plan, bonuses, and a flexible PTO policy to support your continuing education and professional development.

When answering this question, focus on specific examples from your experience where you developed or improved cost savings models. Discuss the methodologies used, the impact of these models on the organization, and any challenges you faced along the way. Highlight how your work directly contributed to financial evaluations and decision-making.

Showcase your leadership style by explaining your approach to mentoring and guiding a team. Discuss how you promote collaboration, encourage open communication, and ensure that each team member feels valued. Offer examples of how you’ve previously inspired your team to achieve project goals or navigate through complex challenges.

To ensure accuracy, emphasize the importance of thorough data validation, continuous model review, and staying updated on industry standards. Discuss methodologies you’ve used in past roles, along with how you incorporate feedback and learnings to refine your models over time for maximum relevance.

Highlight your technical proficiency with data analysis tools, specifically detailing your experience with SQL, Excel, and potentially Python or R. Explain your approach to dissecting large datasets, ensuring data integrity, and how these analyses inform decision-making and model development.

Share a specific project or initiative where your actuarial insights led to strategic growth. Discuss the data-driven decisions made, how the models you developed supported business cases, and the results that ensued. Metrics or key performance indicators would strengthen your response.

Demonstrate your commitment to continuous learning by discussing conferences, certifications, academic journals, and professional organizations you engage with. Show how remaining informed helps shape your work and informs your models in a rapidly evolving healthcare landscape.

Present this scenario by outlining your process. Explain how you simplified complex actuarial concepts through visual aids or straightforward language. Focus on the outcome of the presentation and any feedback you received that indicates your effectiveness in communication.

Collaboration is crucial in actuarial roles, especially in a team-oriented environment like Cohere Health. Provide examples of how you work with cross-functional teams, including operational, clinical, and data engineering departments, to ensure the accuracy and implementation of models.

Discuss your methodology for assessing risks within populations when building models. Highlight your understanding of the factors contributing to risk and how you incorporate adjustments to ensure that your models accurately reflect expected outcomes for various patient groups.

Share your personal connection to healthcare, whether through professional experiences or personal stories. Emphasize your passion for helping to create efficiencies and ensuring quality care for patients, which aligns well with Cohere Health's mission.