Location
Hartford, CT | United States
Job description
ADP is hiring a Sr. Principal Actuary for our newly formed HR Outsourcing (HRO) Data and Analytics organization. This position will play a key role in growing our newest Advanced Analytics team within HRO Analytics. In this role, you will apply statistical and mathematical techniques to analyze data and assess risk factors. The ideal candidate will work closely with data scientists, analysts, and other teams to develop pricing models, perform risk assessments, and ensure compliance with regulatory requirements.
What are we looking for?
An actuary with a passion for health insurance–a motivated self-starter with strong analytical and problem-solving skills. This special someone should have excellent attention to detail, with the ability to learn quickly, keeping up with the ever-evolving healthcare space. Ideal candidates have a history for producing key insights and delivery models to increase accuracy of reporting and advanced analytics in an agile environment to unlock transformational growth.
WHAT YOU’LL DO:
- Collaborate effectively with cross-functional teams. Work with the business to align and develop business strategies for best-in-class pricing and offerings.
- Communicate complex ideas simply. Excellent verbal and written skills; able to communicate effectively with leadership at all levels and across a broad set of team members. Drive transparency on priorities and expected return.
- Adapt quickly to changing priorities. Commitment to manage multiple priorities and have ability to re-assess and pivot as needed.
- Take initiative and work independently when needed. Ability to effectively assess the scope of work and level of effort, to develop models, predict outcomes, and assess future risk and vulnerability.
- Results Driven. Proactive and hands-on. Understands statistical packages and has proven ability to deploy models; evaluate and work with large data sets; and provide actionable insights.
Responsibilities:
- Conduct experience studies and identify actionable insights to modify subscriber behaviors geared toward improving overall results.
- Analyze carrier cost ratios based on overall experience, identifying opportunities for improvement among new business and existing client base.
- Gather and develop benchmarks for purposes of assessing our performance and the potential for improvement.
- Prepare and present actuarial reports to senior leadership, explaining findings and recommendations in a clear and understandable manner.
- Offer insights to partners to continuously improve processes through data and innovation.
- Build strong internal and external partnerships.
- Partner with the Data & Analytics organization, Data Product teams, and business stakeholders to create roadmaps and execute project plans in fast-paced, agile development environment.
- Create use-case specific data tables by joining and critical elements across multiple data domains.
- Assess and determine key data elements needed for evaluation, ensuring it is well-structured, adheres to data quality rules, and traceable from consumption layer back to raw layer.
- Drive strategic use of data to support business efficiencies and competitive decision-making.
- Mentor junior team members working within matrix pod to support Advanced Analytics initiatives.
- Stay current with industry trends, actuarial methodologies, and best practices through ongoing professional development and education.
- Ongoing awareness of industry regulations and work to ensure compliance in all actuarial aspects of our products and services. Ensure compliance with SOX, HIPAA, and other regulations.
Requirements:
- Fellow of the Society of Actuaries (FSA)
- Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field. A master’s degree is a plus.
- 7+ years’ experience as an actuary or equivalent relevant role, with a strong background in health insurance.
- Knowledge of various aspects of healthcare actuarial practice, including pricing, reserving, and forecasting.
- Experience with cloud database technologies (e.g., AWS) and developing solutions on cloud computing services and infrastructure in the data and analytics space.
- Proficiency in statistical modeling tools and programming languages; SQL, Python, MATLAB, R, or similar.
Preferred Qualifications
- Experience working in PEO, Risk analytics, or analytical consulting .
- Understanding of both fully insured and self-insured Health & Benefits programs with underwriting and claims projection experience.
- Exceptional analytical and problem-solving skills.
- Excellent written, verbal communication, presentation, and interpersonal skills with both technical and non-technical audiences.
- Proven ability to derive new insights by merging and transforming internal and external data sets in business contexts.
- Demonstrated ability to effectively lead and participate on a variety of large projects, including complex analytical initiatives across departments.
- Possess a high degree of initiative, motivation, and professionalism.
- Experience with Jira and Confluence preferred.
- Ability to effectively communicate optimal design of the data for modeling.
- Knowledge with dashboarding tools (e.g., Dash, Shiny, Tableau, PowerBI).
- Comfortable using APIs to perform advanced data transformations.
YOU’LL LOVE WORKING HERE BECAUSE YOU CAN:
- Have courageous team collaboration. Courage comes from how associates are willing to have difficult conversations, speak up, be an owner, and challenge one another’s ideas to net out the best solution.
- Deliver at epic scale. We deliver real user outcomes using strong judgment and good instincts. We’re obsessed with the art of achieving simplicity with a focus on client happiness and productivity.
- Be surrounded by curious learners. We align ourselves with other smart people in an environment where we grow and elevate one another to the next level. We encourage our associates to listen, stay agile, and learn from mistakes.
- Act like an owner & doer. Mission-driven and committed to leading change, you will be encouraged to take on any challenge and solve complex problems. No tasks are beneath or too great for us. We are hands-on and willing to master our craft.
- Give back to others. Always do the right thing for our clients and our community and humbly give back to the community where we live and work. Support our associates in times of need through ADP’s Philanthropic Foundation.
- Join a company committed to equality and equity. Our goal is to create lasting change through our delivered insights.
What are you waiting for? Apply today!
Find out why people come to ADP and why they stay:
(ADA version: )
Base salary offers for this position may vary based on factors such as location, skills, and relevant experience. Some positions may include additional compensation in the form of bonus, equity or commissions. We offer the following benefits: Medical, Dental, Vision, Life Insurance, Matched Retirement Savings, Wellness Program, Short-and Long-Term Disability, Charitable Contribution Match, Holidays, Personal Days & Vacation, Paid Volunteer Time Off, and more. The compensation for this role is $119,900.00 – $321,390.00 / Year
Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP affirms that inequality is detrimental to our associates, our clients, and the communities we serve. Our goal is to impact lasting change through our actions. Together, we unite for equality and equity. ADP is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.
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