Vice President - Chief Actuary & Underwriting

Principal Duties and Responsibilities

• Works closely with the CFO to ensure the Long-Range Financial Plan reflects the current environment as part of a complex Integrated Delivery Financial System (IDFS).
• Led actuarial strategy, premium rate development, and regulatory rate filings for Health Alliance Plan and affiliated companies across commercial fully insured and self-funded, and Medicare Advantage products; partners with HAP CareSource on Medicaid and Michigan Coordinated Health (MICH) products.
• Develops and maintains reserving and forecasting models, trend analyses, benchmarks, and calculations to support medical cost projections, performance reporting, and financial planning.
• Provides actuarial and financial insight for annual medical expense budgets, variance reporting, provider contracting, network analysis, and value-based care strategies.
• Oversees commercial pricing and underwriting activities to support competitive rates, appropriate risk selection, revenue growth, membership growth, profitability, and regulatory compliance.
• Oversees actuarial activities for Medicare Advantage, including bid development, service area expansion analysis, risk adjustment strategy, CMS-related financial requirements, and related audits or inquiries.
• Pairs cross-functionally with Finance, Product Development, Sales, Operations, Clinical, Risk Adjustment, Compliance, Legal, Provider Contracting, and senior leadership to align actuarial recommendations with benefit design, product strategy, business development, and enterprise execution.
• Establishes and maintains actuarial governance processes, including assumption documentation, model validation, pricing controls, reserve review, and appropriate review or sign-off protocols for material actuarial work.
• Ensures actuarial practices comply with applicable CMS, state regulatory, statutory reporting, internal control, and Actuarial Standards of Practice requirements.
• Advises on employer group and broker discussions as needed, providing actuarial guidance on premium rates, market conditions, and financial strategy.
• Builds, leads, and develops a high-performing actuarial and underwriting team, ensuring strong collaboration, technical excellence, and continuous improvement.
• Pairs with value-based care providers to develop appropriate stop loss rates.

Education/Experience Required

• Bachelor’s degree in actuarial science, mathematics, finance, statistics, economics, or another quantitative discipline required; master’s degree preferred.
• Minimum of seven years of progressive health actuarial experience, including pricing, product development, valuation, forecasting, financial reporting, and risk analysis.
• Experience supporting health plan products such as commercial, individual, Medicare Advantage, Medicaid, supplemental, or self-funded lines of business preferred.
• Demonstrated ability to develop actuarial models, analyze medical cost trends, and translate complex financial information into actionable business recommendations.
• Prior leadership experience, including building teams, developing employees, and managing direct or indirect reports.
• Proven ability to collaborate across Finance, Sales, Product, Operations, and senior leadership to support business strategy and financial performance.
• Strong knowledge of healthcare economics, risk adjustment, reserving, forecasting, pricing, Medicare Advantage bid strategy, value-based care economics, and actuarial model governance.
• Executive-level communication skills, including the ability to translate complex actuarial analysis into clear recommendations for senior leadership, board audiences, and cross-functional stakeholders.

Certifications/Licenses Required

• FSA and MAAA designations preferred if serving as Appointed Actuary. ASA candidates with significant health plan actuarial leadership experience may be considered.

Additional Details

This posting represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. It should be understood, therefore, that incumbents may be asked to perform job-related duties beyond those explicitly described above.

Overview

Henry Ford Health partners with millions of people on their health journey, across Michigan and around the world. We offer a full continuum of services – from primary and preventative care to complex and specialty care, health insurance, a full suite of home health offerings, virtual care, pharmacy, eye care and other health care retail. With former Ascension southeast Michigan and Flint region locations now part of our team, Henry Ford’s care is available in 13 hospitals and hundreds of ambulatory care locations. Based in Detroit, Henry Ford is one of the nation’s most respected academic medical centers and is leading the Future of Health: Detroit, a $3 billion investment anchored by a reimagined Henry Ford academic healthcare campus. Learn more at henryford.com/careers.

Benefits

The health and overall well-being of our team members is our priority. That’s why we offer support in the various components of our team’s well-being: physical, emotional, social, financial and spiritual. Our Total Rewards program includes competitive health plan options, with three consumer-driven health plans (CDHPs), a PPO plan and an HMO plan. Our team members enjoy a number of additional benefits, ranging from dental and eye care coverage to tuition assistance, family forming benefits, discounts to dozens of businesses and more. Employees classified as contingent status are not eligible for benefits.

Equal Employment Opportunity/Affirmative Action Employer

Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health is committed to the hiring, advancement and fair treatment of all individuals without regard to race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height, weight, marital status, family status, gender identity, sexual orientation, and genetic information, or any other protected status in accordance with applicable federal and state laws.