Manager, Actuarial Reserving and Financial Reporting

We don't just provide health insurance—we deliver the kind of healthcare that people deserve. The Actuarial team at Clover is made up of collaborative and strategic thinkers that are excited about the impact technology can have on healthcare. We're looking for Actuaries who are interested in taking the actuarial discipline into the new era.

We're looking for an Actuarial Reserving and Financial Reporting Manager to be a critical leader in charge of the company's core financial controls and reporting. This role manages the end-to-end actuarial reserving process, leads key financial reporting pipelines, and mentors a team to ensure financial accuracy and compliance across all lines of business.

• Lead the Monthly IBNR Process and Maintain Adequate Reserves:
  Own the end-to-end monthly Incurred But Not Reported (IBNR) accrual process, ensuring the development and maintenance of adequate reserve levels for timely financial close.
• Ensure Strict SOX Compliance and Documentation:
  Maintain and uphold robust SOX controls across all reserving and reporting processes, including meticulous documentation of processes, assumptions, and actuarial judgments for audit readiness.
• Manage and Validate Financial Pipelines:
  Own the Member Level Financial Pipeline Development and Maintenance, including implementing and reviewing control checks and peer reviews to validate data accuracy for strategic financial goals.
• Oversee Monthly Financial Reporting and Analysis:
  Lead the preparation and review of the comprehensive monthly financial reporting suite and conduct in-depth variance analysis (actuals vs. budget) for management and external stakeholders.
• Lead and Develop the Actuarial Team:
  Foster a positive work environment, set clear performance expectations, actively support the professional growth of team members through mentorship, and ensure strong collaboration across departments.

• In your first 90 days, you will:
  • Own the Monthly Close:
    Take full ownership of the monthly IBNR accrual process, ensuring reserve levels are finalized and approved in accordance with the monthly close calendar.
  • Lead the Financial Pipeline:
    Establish yourself as the primary point of contact for the member-level financial pipeline, completing timely monthly updates and ensuring all SOX documentation is audit-ready.
• After 6 months, you will:
  • Optimize Modeling Accuracy:
    Implement critical enhancements to financial models to optimize reserve adequacy and IBNR member-level allocations within the financial pipeline.
  • Drive Reporting Excellence:
    Lead the delivery of a refined monthly reporting suite that utilizes deep-dive variance analysis to identify and explain discrepancies between actual results and budgeted figures.
• Future success in this role includes:
  • Strategic Partnership:
    Serve as a key strategic partner providing sophisticated actuarial judgment on complex risk-based contracts and aligning reserving models with Clover’s long‑term financial strategy.
  • Operational Excellence:
    Continuously improve month‑end efficiency through automation and cultivate a high‑performing team recognized for technical excellence and accurate financial insights.

• You are an Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA).
• You have a minimum of 5-7 years of progressive experience in the actuarial field, with a strong background in reserving, IBNR calculation, and financial reporting, preferably within the Medicare Advantage or managed care industry.
• You have proven experience managing, developing, and mentoring an actuarial or finance team.
• You have advanced proficiency in data analysis tools (e.g., SQL, R, SAS, or Python).

• Financial Well‑Being
  :
  Our commitment to attracting and retaining top talent begins with a competitive base salary and equity opportunities. Additionally, we offer a performance‑based bonus program, 401k matching, and regular compensation reviews to recognize and reward exceptional contributions.
• Physical Well‑Being
  :
  We prioritize the health and well‑being of our employees and…