Clover Health · 19 hours ago
Manager, Actuarial Reserving and Financial Reporting
United States
Full-time
Remote
Senior Level
$180K/yr - $220K/yr
5+ years expClover Health is a company that focuses on providing healthcare that people deserve. They are seeking an Actuarial Reserving and Financial Reporting Manager to oversee the company's financial controls and reporting processes, manage the actuarial reserving process, and lead a team to ensure financial accuracy and compliance.
Health CareHealth InsuranceHospitalMedical
Responsibilities
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
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
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
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
Continuously improve month-end efficiency through automation and cultivate a high-performing team recognized for technical excellence and accurate financial insights
Qualification
Required
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)
Benefits
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 their families by providing comprehensive medical, dental, and vision coverage.
Mental Well-Being: We understand the importance of mental health in fostering productivity and maintaining work-life balance.
To support this, we offer initiatives such as No-Meeting Fridays, monthly company holidays, access to mental health resources, and a generous flexible time-off policy.
Additionally, we embrace a remote-first culture that supports collaboration and flexibility, allowing our team members to thrive from any location.
Professional Development: Developing internal talent is a priority for Clover.
We offer learning programs, mentorship, professional development funding, and regular performance feedback and reviews.
Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
Reimbursement for office setup expenses
Monthly cell phone & internet stipend
Remote-first culture, enabling collaboration with global teams
Paid parental leave for all new parents
And much more!
Company
Clover Health
Clover is a healthcare technology company helping members live their healthiest lives with its Medicare Advantage plans.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$1.62BKey Investors
GreenoaksSequoia CapitalFirst Round Capital
2021-11-17Post Ipo Equity· $300M
2021-01-08Post Ipo Equity· $400M
2021-01-08IPO
Leadership Team
Andrew Toy
Chief Executive Officer and Board Member (NASDAQ : CLOV)
Jamie Reynoso
Chief Executive Officer
Recent News
Fierce Healthcare
2026-01-19
2026-01-16
Company data provided by crunchbase