Facebook · 1 month ago
Actuarial Director (Pharmacy)
Columbia, South Carolina
Full-time
Onsite
Director/Executive
7+ years expFacebook is seeking an Actuarial Director to lead the execution of strategy and provide operational direction for actuarial initiatives within the Pharmacy line of business. The role involves directing actuarial efforts, ensuring compliance, developing pricing strategies, and collaborating with various teams to support organizational objectives.
Computer Software
Responsibilities
Directs and provides leadership support for line of business by setting and guiding actuarial initiatives. Ensures compliance with regulatory requirements and actuarial standards
Designs and prepares actuarial reports. Conducts risk assessments needed to meet financial objectives
Develops pricing for new benefits, models financial impacts of alternative rating arrangements, and prepares the corporate financial plan and multi-year forecast
Responsible for hiring and maintaining staff, which includes interviewing and selection of personnel, completing performance reviews, counseling staff, and other administrative matters. Develops professional staff by identifying and coordinating training needs. Performs other special projects and AD HOC analyses as requested
Provide actuarial support for pharmacy initiatives and RFPs
Collaborate effectively with LOB leadership, managed care teams, PBM actuaries, and other vendors
Deliver actionable insights that improve financial performance and forecasting capabilities
Estimate and report rebates and build the necessary relationships with the PBMs, Pharmacy Contracting, and Finance to achieve this
Qualification
Required
Bachelor's degree in actuarial science, Mathematics, Statistics or another related field
7 Years Actuarial experience
2 years supervisory or managerial experience OR equivalent military experience in grade E4 or above
Extensive knowledge of insurance products, operations, and existing regulations
Awareness of legal, political, economic, and environmental impacts on the insurance product and operation
Organizational skills
Good judgment
Ability to persuade, negotiate or influence
Strong verbal and written communication skills including presentation skills
Microsoft Office
Working knowledge of mainframes
Computer programming skills
Fellow of the Casualty Actuarial Society or the Society of Actuaries or An Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuarial Society (ACAS) with at least 9 years of experience
Preferred
8 Years-Actuarial experience
2 years of supervisory or managerial experience OR equivalent military experience in grade E4 or above
Customer service skills
Ability to explain technical subjects to a non-technical audience
Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) and Member of the Academy of Actuaries (MAAA)
Knowledge of Access or other database software
Working knowledge of DB2 database
Computer systems support knowledge
Benefits
Subsidized health plans, dental and vision coverage
401k retirement savings plan with company match
Life Insurance
Paid Time Off (PTO)
On-site cafeterias and fitness centers in major locations
Education Assistance
Service Recognition
National discounts to movies, theaters, zoos, theme parks and more
Company
The Facebook company is now Meta. Meta builds technologies that help people connect, find communities, and grow businesses.
10001+ employees
H1B Sponsorship
Facebook has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (942)
2021 (5811)
2020 (4476)
Funding
Current Stage
Late StageLeadership Team
Arunava Chatterjee
Executive Director of Ghost Black Operations & CEO & CTO
Shubhra Gupta
CEO
Recent News
Business Live
2025-11-03
2025-11-01
Company data provided by crunchbase