[Hiring] Commercial Pricing Actuary @Devoted Health

Role Description

The Pricing Actuary is a critical actuarial leader responsible for directing the strategy, modeling, and financial execution of our Commercial lines of business (e.g., Group and Self-Funded/ASO). This role requires deep expertise in Commercial rating mechanics, rating model architecture, underwriting strategy, and state regulatory rate filings.

Success in this role hinges on flawless operational execution:

• Building robust pricing infrastructure
• Hitting non-negotiable regulatory submission deadlines
• Bringing process consistency to rating cycles
• Working collaboratively with underwriting, sales, finance, network contracting, and state regulators

We place the highest value on proven real-world execution, technical ability, and collaborative leadership.

Responsibilities and Impact

• Rating Model Development & Architecture
  • Build, refine, and maintain scalable actuarial rating models and pricing engines across Commercial Large Group lines of business
  • Partner with product, clinical, and market leadership to rate competitive benefit packages
  • Establish, defend, and document core actuarial pricing assumptions
• Underwriting Partnership & Group Pricing
  • Contribute directly to underwriting policy and risk selection strategies for group business
  • Design and maintain pricing methodologies for Administrative Services Only (ASO) products
  • Monitor group risk profiles and employer group renewal performance
• Regulatory Submissions, Rate Reviews & State Engagement
  • Direct the preparation, documentation, and filing of annual and quarterly Commercial rate filings
  • Serve as the primary actuarial interface with state regulators throughout the rate review process
  • Oversee pricing mechanics related to Commercial regulatory frameworks
• Cross-Functional Collaboration & Strategic Alignment
  • Work seamlessly across Finance, Healthcare Economics, Sales/Distribution, Network Management, and Clinical Operations
  • Prepare clear, compelling executive-level presentations summarizing rate filing strategies

Qualifications

• 8+ years of progressive healthcare actuarial experience
• 5+ years of deep, direct focus on Commercial actuarial pricing, rating model development, and regulatory rate filings
• Demonstrated experience building rating engines from scratch or significantly upgrading pricing tools
• Direct experience managing the full lifecycle of Commercial rate filings through SERFF
• Hands-on experience partnering with or establishing guidelines for underwriting teams
• Demonstrated ability to consistently drive complex, time-sensitive filings and pricing projects to completion
• Exceptional interpersonal skills with a proven track record of working constructively across cross-functional teams

Requirements

• Actuarial Credentials: Associate (ASA) or Fellow (FSA) of the Society of Actuaries
• Experience interfacing with reserving, value-based contracting, or medical economics functions
• Comfort operating in a fast-paced, high-growth environment

Benefits

• Employer sponsored health, dental and vision plan with low or no premium
• Generous paid time off
• $100 monthly mobile or internet stipend
• Stock options for all employees
• Bonus eligibility for all roles excluding Director and above
• Commission eligibility for Sales roles
• Parental leave program
• 401K program
• And more...