<p>Location: Minneapolis, MN</p><br/><p>Employment Type: Full Time</p><br/><p>Team: Actuarial</p><br/><div><span style="font-size: 16px">Hi, we’re Gravie, and we are building the health plan of the future. For the past few decades, the health insurance industry has evolved to serve the needs of employers, insurance companies, brokers, and (sometimes) doctors and hospitals. The needs of the consumer, however, have largely been left out of the equation. We’re changing that. We are rebuilding the entire health insurance stack, with the consumer as the central focus. Our goal is to create a health plan that people can love.</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><b style="font-size: 16px">A Little More About Us:</b></div><div><span style="font-size: 16px">&nbsp;</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We know healthcare. Our company was founded and is still led by industry veterans who have started and grown several market-leading companies in the space.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We are quickly becoming one of the fasting growing health benefits companies in the country, having organically grown revenues by triple digits over the past few years. Also, we were awarded Inc Magazines Best in Business Gold Medal award in 2021.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We have raised money from top tier investors who share the same long-term vision as we do of building an industry defining company that will endure over the long run. We are well capitalized.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our customers like us. Our revenue churn is in the single digits, in an industry where greater than 20% churn is common.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our culture is unique. We tend to be non-hierarchical, merit-driven, opinionated but kind people who thrive working in a high-performance, fast-paced environment. People at Gravie care deeply about making a positive impact in the lives of the people we serve. We may not be the right place for everybody, but if you get energized by doing work every day that focuses on putting consumers at the front of the line, we could be a great place for you. It takes unique people and diverse perspectives to deliver our results. We encourage you to be your authentic self – we like you that way.</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><span style="font-size: 16px">We’re looking for an</span><b style="font-size: 16px"> Actuary, Reporting and Healthcare Economics</b><span style="font-size: 16px"> to report to our Chief Actuary and play a key role in building the function. &nbsp;You will drive monthly and quarterly analysis of claims experience to drive actionable insights to the business as well as build Gravie’s overall understanding of how it’s unique product design drives bottom line results.</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><b style="font-size: 16px">You will:</b></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Drive the development of cost and utilization reporting to better understand drivers of total medical and pharmacy claims, and understanding specifically how those drivers flow through to specific and aggregate stop loss liabilities.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Work across the company to provide thought leadership, align stakeholders, build confidence in the reporting models and processes, and incorporate senior leadership feedback.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partner with the insurance accounting function to ensure robust support for specific and aggregate reinsurance coverage offered through Gravie’s captive reinsurer.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deliver actionable insights to drive pricing modifications, product design changes, and other business-focused decisions.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepare, perform and/or review complex actuarial analyses and financial modeling.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perform and/or review IBNP/IBNR liability/reserve development.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seek and provide peer-review to ensure high quality client results.</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demonstrate commitment to our core competencies of being authentic, curious, creative, empathetic and outcome oriented..</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><b style="font-size: 16px">You bring:</b></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASA or FSA and a Membership in the American Academy of Actuaries</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7+ years of relevant and progressively responsible actuarial experience with medical and/or stop-loss insurance coverages/products</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Self-motivation and the ability to work both independently and through collaboration with a team</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The ability to manage complex and multi-layered projects utilizing both internal and external resources</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The ability to apply actuarial concepts and calculations to diverse situations</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excellent verbal and written communication, problem-solving and analytical skills</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Strong general business acumen</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><b style="font-size: 16px">Extra credit:</b></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Previous start-up company experience</span></div><div><span style="font-size: 16px">·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Previous experience with level-funded products</span></div><div><span style="font-size: 16px">&nbsp;</span></div><div><span style="font-size: 16px">Competitive pay is standard. Our unique benefits program is the gravy, i.e., the special sauce that sets our compensation package apart. In addition to standard benefits, Gravie’s package includes alternative medicine coverage, flexible PTO, 16 weeks paid parental leave, paid holidays, cell phone reimbursement, education reimbursement, and 1 week of paid paw-ternity leave just to name a few.</span></div>

Location: Minneapolis, MN

  

Employment Type: Full Time

  

Team: Actuarial

  

Hi, we’re Gravie, and we are building the health plan of the future. For the
past few decades, the health insurance industry has evolved to serve the needs
of employers, insurance companies, brokers, and (sometimes) doctors and
hospitals. The needs of the consumer, however, have largely been left out of
the equation. We’re changing that. We are rebuilding the entire health
insurance stack, with the consumer as the central focus. Our goal is to create
a health plan that people can love.



 **A Little More About Us:**



·       We know healthcare. Our company was founded and is still led by
industry veterans who have started and grown several market-leading companies
in the space.

·       We are quickly becoming one of the fasting growing health benefits
companies in the country, having organically grown revenues by triple digits
over the past few years. Also, we were awarded Inc Magazines Best in Business
Gold Medal award in 2021.

·       We have raised money from top tier investors who share the same long-
term vision as we do of building an industry defining company that will endure
over the long run. We are well capitalized.

·       Our customers like us. Our revenue churn is in the single digits, in
an industry where greater than 20% churn is common.

·       Our culture is unique. We tend to be non-hierarchical, merit-driven,
opinionated but kind people who thrive working in a high-performance, fast-
paced environment. People at Gravie care deeply about making a positive impact
in the lives of the people we serve. We may not be the right place for
everybody, but if you get energized by doing work every day that focuses on
putting consumers at the front of the line, we could be a great place for you.
It takes unique people and diverse perspectives to deliver our results. We
encourage you to be your authentic self – we like you that way.



We’re looking for an **Actuary, Reporting and Healthcare Economics** to report
to our Chief Actuary and play a key role in building the function.  You will
drive monthly and quarterly analysis of claims experience to drive actionable
insights to the business as well as build Gravie’s overall understanding of
how it’s unique product design drives bottom line results.



 **You will:**

·       Drive the development of cost and utilization reporting to better
understand drivers of total medical and pharmacy claims, and understanding
specifically how those drivers flow through to specific and aggregate stop
loss liabilities.

·       Work across the company to provide thought leadership, align
stakeholders, build confidence in the reporting models and processes, and
incorporate senior leadership feedback.

·       Partner with the insurance accounting function to ensure robust
support for specific and aggregate reinsurance coverage offered through
Gravie’s captive reinsurer.

·       Deliver actionable insights to drive pricing modifications, product
design changes, and other business-focused decisions.

·       Prepare, perform and/or review complex actuarial analyses and
financial modeling.

·       Perform and/or review IBNP/IBNR liability/reserve development.

·       Seek and provide peer-review to ensure high quality client results.

·       Demonstrate commitment to our core competencies of being authentic,
curious, creative, empathetic and outcome oriented..



 **You bring:**

·       A bachelor’s degree in Actuarial Science, Mathematics, Statistics or a
related field

·       ASA or FSA and a Membership in the American Academy of Actuaries

·       7+ years of relevant and progressively responsible actuarial
experience with medical and/or stop-loss insurance coverages/products

·       Self-motivation and the ability to work both independently and through
collaboration with a team

·       The ability to manage complex and multi-layered projects utilizing
both internal and external resources

·       The ability to apply actuarial concepts and calculations to diverse
situations

·       Excellent verbal and written communication, problem-solving and
analytical skills

·       Strong general business acumen



 **Extra credit:**

·       Previous start-up company experience

·       Previous experience with level-funded products



Competitive pay is standard. Our unique benefits program is the gravy, i.e.,
the special sauce that sets our compensation package apart. In addition to
standard benefits, Gravie’s package includes alternative medicine coverage,
flexible PTO, 16 weeks paid parental leave, paid holidays, cell phone
reimbursement, education reimbursement, and 1 week of paid paw-ternity leave
just to name a few.

