Director, Actuarial Services (Director IV)

Job no: 493809
Work type: Full Time
Location: 505 City Parkway West
Categories: Finance

Join Us in this Amazing Opportunity

The Team You'll Join

We are a mission driven community-based organization that serves member health with excellence and dignity, respecting the value and needs of each person. If you are ready to advance your career while making a difference, we encourage you to review and apply today and help us build healthier communities for all.

More About the Opportunity

We are hoping you will join us as a Director, Actuarial Services (Director IV) and help shape the future of healthcare where you'll be an integral part of our Financial Analysis team, helping to strive for excellence while we serve our member health with dignity, respecting the value and needs of each of our members through collaboration with our providers, community partners and local stakeholders. This position has been approved to be Full Office.

The Director of Actuarial Services will oversee the team responsible for leading all actuarial functions across the organization. You'll refine information into concise narratives for use by the Executive Director of Finance as well as other members of senior leadership. Additionally, you'll be responsible for providing leadership, mentoring staff and collaborating to achieve organizational goals. Finally, you'll play a critical role in advancing CalOptima Health's mission through data-driven insights and operational efficiency. Together, we are building a stronger, more equitable health system.

Your Contributions To the Team:

45% - Leadership Functions
- Cultivates and promotes a mission-driven culture of high-quality performance, with a member focus on customer service, consistency, dignity and accountability.
- Directs and assists the team in carrying out department responsibilities and collaborates with the leadership team and staff to support short- and long-term goals/priorities for the department.
- Directs all aspects of actuarial functions and is accountable for the performance of the team.
- Maintains policies, procedures and standards for all department activities.
- Supports the Executive Director in departmental budget forecasts as needed.
- Implements efficiency improvements such as streamlining processes.
- Leads in the design, development, implementation and maintenance of report suites and dashboards for all levels of CalOptima Health management.
- Hires, manages, trains, supports, develops and evaluates direct reports.
- Performs ongoing staff and workflow analysis; establishes plans to ensure the team is adequately staffed.
- Provides strategic direction and guidance to staff, ensuring responsibilities are carried out in alignment with established departmental and organizational policies.
- Ensures improvement of knowledge and skill level is continuous for all department staff.
45% - Financial Support
- Serves as subject matter expert in producing and maintaining incurred but not reported (IBNR) reserve estimates for all lines of business to provide the Accounting department with needed information for the month-end close.
- Directs the development of appropriate reimbursement rates and other financial contract provisions between CalOptima Health and the state of California; activities include completion of the annual Medi-Cal rate development template (RDT) and all supplemental data/rate requests as required by the state.
- Serves as lead authority on provider capitation rate development and pricing adjustments as appropriate.
- Directs and supports the team with the semi-annual Chronic Illness and Disability Payment System (CDPS) risk adjustment process.
- Develops actuarial studies and related financial operational processes and analytic tools to leverage system automation and enhance accuracy for actuarial analysis.
- Informs the Executive Director of significant changes or unusual trends in revenue, utilization and costs and proposes recommendations for consideration.

5% - Other

Completes other projects and duties as assigned.

Do You Have What the Role Requires?

Bachelor's degree in finance, math, business, statistics, economics, actuarial services or other related field PLUS 7 years of actuarial or analytics experience within health care required; an equivalent combination of education and experience sufficient to successfully perform the essential duties of the position such as those listed above may also be qualifying.
3 years of experience in a finance leadership role responsible for actuarial and/or analytics at a health plan, including direct supervision of staff, required.

You'll Stand Out More If You Possess the Following:

Advanced degree in a related field.
Tableau or Power BI experience.
Experience leveraging artificial intelligence or machine learning for predictive analytics model development.
Fellow of the Society of Actuaries (FSA).

What the Regulatory Agencies Need You to Possess?

Associate of the Society of Actuaries (ASA).

Your Knowledge & Abilities to Bring to this Role:

Develop rapport and establish and maintain effective working relationships with CalOptima Health's leadership and staff and external contacts at all levels and with diverse backgrounds.
Work independently and exercise sound judgment.
Communicate clearly and concisely, both orally and in writing.
Work a flexible schedule; available to participate in evening and weekend events.
Organize, be analytical, problem-solve and possess project management skills.
Work in a fast-paced environment and in an efficient manner.
Manage multiple projects and identify opportunities for internal and external collaboration.
Motivate and lead multi-program teams and external committees/coalitions.
Utilize computer and appropriate software (e.g., Microsoft Office: Word, Outlook, Excel, PowerPoint) and job specific applications/systems to produce correspondence, charts, spreadsheets, and/or other information applicable to the position assignment.

Your Physical Requirements (With or Without Accommodations):

Ability to visually read information from computer screens, forms and other printed materials and information.
Ability to speak (enunciate) clearly in conversation and general communication.
Hearing ability for verbal communication/conversation/responses via telephone, telephone systems, and face-to-face interactions.
Manual dexterity for typing, writing, standing and reaching, flexibility, body movement for bending, crouching, walking, kneeling and prolonged sitting.
Lifting and moving objects, patients and/or equipment 10 to 25 pounds

Ways We Are Here For You

You'll enjoy competitive compensation for this role.
- Our current hiring range is: Pay Grade: 323 - $204,199 - $326,717 ($98.17 - $157.0756).
  - The final salary offered will be based on education, job-related knowledge and experience, skills relevant to the role and internal equity among other factors.
This position is approved for Full Office (**If the position is Telework, it is eligible in California only**)
A comprehensive benefits package
CalPERS pension program and additional retirement packages.
Additional benefits and perks including:
- A generous PTO program
- A quality work life balance
- Various wellness programs
- Tuition Reimbursement
- Professional development opportunities
- Career development opportunities
- Flexible scheduling
- And the satisfaction of knowing your work directly impacts and improves healthcare access for thousands of individuals and families.

Our Work Environment:

If located at the 500, 505 Building or a remote work location:

Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.
There are no harmful environmental conditions present for this job.
The noise level in this work environment is usually moderate.

If located at PACE:

Work is typically indoors in a clinical setting serving the frail and elderly.
There may be harmful or hazardous environmental conditions present for this job.
The noise level in this work environment is usually moderate to loud.

If located in the Community:

Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.
Employee will occasionally work outdoors in varied temperatures.
There may be harmful or hazardous environmental conditions present for this job.
The noise level in this work environment is usually moderate to loud.

Why Join Us?

We believe that diverse perspectives drive innovation. Each employee brings a unique perspective to the overall team and we value everyone's input and we are committed to creating an inclusive environment where you and every team member can thrive while making a meaningful impacts on our community members. Our team reflects and represents the communities we serve, and we welcome candidates from all backgrounds who share our commitment to accessible, quality healthcare.

What's Your Next Step?

All Applications will be accepted on a continuous basis until a sufficient number of qualified applications have been received. Do NOT miss out. If you want to join our team, the deadline for the first review of applications is December 31, 2025 at 9:00 PM (PST). We are encouraging you to apply early. If you apply after the first review date, your application is not guaranteed to be considered for this recruitment. This recruitment may close at any time without notice after the first review date.

Our Commitment to You

Your application and resume will be reviewed by a dedicated recruiter to this position. If your experience matches what we need, we will reach out to you to discuss the next steps. The selection process may include, but is not limited to, a skills assessment, phone screen and interview.

If you make it through the steps above and are selected for this exciting role, you will be required to undergo a reference and a background check (to include a conviction record) and if applicable also pass a drug screening and/or a post-offer pre-employment medical examination (for specific positions) If you are an Internal CalOptima Health applicant, please apply through the internal portal on InfoNet.

We will make sure to keep you updated through each step of the process on your candidate portal. Please make sure to watch for updates on your candidate portal and you emails which will be sent to the email address you listed on your application. Please check your email, including your SPAM folder, regularly throughout the recruitment process.

CalOptima Health is committed to attracting, hiring, and retaining a diverse staff, where we will honor your unique experiences, identity, and perspectives. Our organization strives to create and maintain a workplace environment that is inclusive, equitable and welcoming so we can truly be Better Together.

CalOptima Health is an equal opportunity employer and makes all employment decisions on the basis of merit. CalOptima Health wants to have qualified employees in every job position. CalOptima Health prohibits unlawful discrimination against any employee, or applicant for employment, based on race, religion/religious creed, color, national origin, ancestry, mental or physical disability, medical condition, genetic information, marital status, sex, sex stereotype, gender, gender identity, gender expression, transitioning status, age, sexual orientation, immigration status, military status as a disabled veteran, or veteran of the Vietnam era, or any other consideration made unlawful by federal, state, or local laws. CalOptima Health also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has, or is perceived as having, any of those characteristics.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation at (714) 246-8400 if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability.

Advertised: 18 Dec 2025 Pacific Standard Time
Applications close: 18 Jan 2026 Pacific Standard Time

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