Actuary-Healthcare Risk & Insurance Strategy

Job Description

Position Summary

The Consulting Actuary – Healthcare Risk & Insurance Strategy partners with executive leadership, Risk
Management, Finance, and Legal to provide actuarial analysis and strategic advice related to professional
liability, general liability, workers’ compensation, property, cyber, and other enterprise risks. This role
supports insurance program design, captive and self-insured structures, reserve adequacy, reinsurance
strategy, and loss forecasting for a complex hospital and healthcare delivery organization.
The Consulting Actuary plays a critical role in translating historical loss experience and emerging risk
trends into actionable financial, insurance, and enterprise risk decisions.

Key Responsibilities

Actuarial Analysis & Reserving
● Perform actuarial analyses for medical professional liability, general liability, workers’
compensation, and other self-insured or partially insured programs
● Estimate ultimate losses, IBNR, and loss development factors using accepted actuarial methods
● Support annual and quarterly reserve reviews in coordination with Finance and external actuaries
and auditors

Insurance & Captive Strategy
● Advise on insurance program structure, retentions, limits, deductibles, and reinsurance placement
● Support captive insurance company analysis, funding strategies, and long-term sustainability
● Evaluate alternative risk transfer mechanisms and emerging risk financing approaches

Enterprise Risk & Forecasting
● Model the financial impact of catastrophic events, systemic losses, and tail-risk scenarios
● Support stress testing and scenario modeling for enterprise risk and business continuity planning
● Partner with Risk Management and Enterprise Resilience leadership on loss trend interpretation
tied to operational risks (e.g., EHR outages, clinical events, natural disasters)

Stakeholder & Governance Support
● Prepare actuarial reports and executive-level summaries for senior leadership and the Board
● Support insurance renewals, underwriting submissions, and broker strategy discussions
● Serve as an expert resource for Legal, Compliance, and Claims leadership on loss trends and
exposure analysis

Qualifications
*Required

● Fellow or Associate of the Casualty Actuarial Society (FCAS or ACAS)
● 5+ years of actuarial experience, with significant healthcare exposure
● Deep experience with medical malpractice and healthcare liability programs
● Strong analytical, modeling, and communication skills

*Preferred
● Experience supporting large hospital systems, physician enterprises, or managed care
organizations
● Captive insurance or self-insurance program experience
● Familiarity with enterprise risk management and business continuity concepts