Actuary/Senior Actuary
Who we are. . .
Pearl Health is restoring the independence and joy of practicing medicine for doctors in the United States. Our healthcare system has burdened our doctors with too much process, while removing them from what they do best: caring for those we love most. We are a team of physicians and public health experts (Stanford, Dartmouth, Harvard, Mass. General), technologists (athenahealth, Apple, Amazon, Meta, Flatiron, WalMart Health), healthcare innovators (Oscar, Aledade, VillageMD, Stellar, Arcadia) and experienced risk management professionals (CVS/Aetna, Humana, Cigna, United) who believe that primary care providers (PCPs) are the key to the United States’ future health. Pearl recently announced a strategic partnership to proliferate value-based care with Walgreens, one of the largest healthcare companies in the country. Our investors include Andreessen Horowitz, Viking Global Investors, AlleyCorp, and SV Angel.
Pearl Health helps PCPs who are overwhelmed by the demands of an aging population and the unpredictable business model inherent to Traditional Medicare. Over time, this solution will empower PCPs to provide better care to their entire patient population. We believe there is a need to bring humanism back to healthcare by giving physicians the ability to better allocate their time with patients, increasing their autonomy, creating incentives that are aligned with achieving better outcomes through clinical decision-making powered by actionable intelligence, and making risk more available and more readily optimized through an intelligent marketplace. The Center for Medicare and Medicaid (CMS) is launching a new value-based care program to disrupt Traditional Medicare, and we believe that this represents an opportunity to achieve the meaningful change we envision.
The role. . .
We are seeking a highly skilled Associate Actuary with a history in the Medicare ACO sector, ideally with experience in a startup environment. You will play a central role as the first hire on the Valuation team, and will be tasked with evaluating and reporting the financial risk for Pearl’s current book of business.
You should be a strategic and analytical thinker, an effective communicator, an expert in actuarial reserving techniques in the healthcare space, and comfortable performing sophisticated modeling exercises independently. A familiarity, passion, and willingness to dig into the nuances of different value-based care programs (e.g. ACO REACH, MSSP) and Medicare Advantage will be critical to success.
To be successful in this role you will:
- Maintain and execute upon our Actuarial monthly Valuation cycle in a timely manner, which includes benchmark modeling, setting IBNR and incorporating the latest data from disparate data sources.
- Guide the processes that support shared savings calculations and financial reconciliation for our PCP partners
- Effectively communicate actuarial findings to non-actuarial stakeholders in a manner that is meaningful and provides a clear explanation of valuation results, and potential financial impacts.
- Stay informed about changes in regulations affecting Medicare value-based care programs and adjust actuarial practices accordingly.
- Maintain comprehensive documentation of actuarial work to facilitate regulatory reporting and compliance audits.
- Bolster institutional awareness of our financial performance through cross-functional collaborations with Data Science & Analytics, Finance, Customer Success, ACO Operations, among others.
- Be eligible to participate in Pearl’s Actuarial Student Program.
Who you are. . .
4+ years of healthcare Actuarial experience, including expertise in reserving or medical economics.Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field
- Associate of the Society of Actuaries (ASA) designation or equivalent.
- Strong technical proficiency in SQL and Google Sheets. Python proficiency is a plus.
- Prior domain knowledge of Medicare Advantage or value-based care programs (e.g. ACO REACH, MSSP) preferred.
- Excellent verbal and written communication skills.
Our Values
We are an Equal Opportunity Employer and our employees are people with different strengths, experiences and backgrounds, who share a passion for improving people's lives. Our definition of diversity not only includes race and gender identity, but also age, disability status, veteran status, sexual orientation, religion and many other parts of one’s identity. We believe all of our colleague’s points of view are integral to our success, and that inclusion is everyone's responsibility and a cause of beautiful things.
We welcome candidates from all backgrounds and are committed to a fair hiring process free from discrimination and focused around problem solving, improvement, and mutual empowerment.
Remote Work
We are a remote-first company, with a concentration of team members at our NYC headquarters and in the Boston area.
Compensation and Benefits
The salary range Pearl Health expects to pay for this position is between $100,000-$120,000 per year. Full time employees are also eligible for annual discretionary bonus. Where a given candidate falls within that range will depend on a variety of factors, including, but not limited to, the candidate’s relevant skills, experience and location, labor market conditions and participation, if any, in other compensation arrangements. Pearl Health provides its employees a competitive benefit package - for more information please review our benefits page.
Agency Submissions
We are not currently working with contingency search firms. If a resume is submitted to any Pearl Health employee by a third party without a valid written and signed search agreement, it will become the property of Pearl Health and no fee will be paid, irrespective of whether the candidate is hired.
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