UnitedHealth Group is a company that's on the rise. We're expanding in multiple directions, across borders and, most of all, in the way we think. Here, innovation isn't about another gadget, it's about transforming the health care industry. Ready to make a difference? Make yourself at home with us and start doing your life's best work.(sm)
As the Model Development Statistician in UnitedHealth Group’s Enterprise Risk Management (ERM) team, you will be challenged to leverage statistical and econometric knowledge to develop new economic capital modeling components as well as enhance existing ones for use in UnitedHealth’s Own Risk Solvency Assessment process. As a key resource in statistical and econometric modeling you will bring fundamentals in model development to a group of Enterprise Risk Management professionals working to enhance UnitedHealth Group’s risk management and capital assessment rigor in the ever-changing health care environment.
You’ll enjoy the flexibility to telecommute* from anywhere within the U.S. as you take on some tough challenges.
Primary Responsibilities:
- Work with ERM team to update the economic capital results each year
- Further enhance current capital models using your statistical and econometric knowledge to meet business and regulatory requirements
- Identify opportunities to further develop modeling components that will augment the current economic capital model
- Write and maintain model documentation according to rigorous model documentation standards like SR 11-7, Actuarial Standards of Practice around Modeling and Model Development, or the like
- Defend models and model results to audit, validation, and regulatory stakeholders wanting to know and understand the deeper theory and application of the theory to the modeling context
- Execute on and maintain evidence around model governance and change management
- Assist on other projects in ERM and Corporate Treasury related to statistical, financial and economic modeling
You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
- Bachelor’s Degree in Statistics, Econometrics, or mathematics related field
- 2+ years of statistical/econometric/financial modeling experience
- Demonstrated ability to code in R, Python, or other statistical language
- Demonstrated ability to work with relational databases and code in SQL
- Proficient with Microsoft Excel, Access, Word, and Visio
- Demonstrated skill to write and communicate to various levels of technical and less technical experts
Preferred Qualifications:
- Master’s Degree in Statistics, Econometrics, or Financial Modeling
- Experience with regulatory work related to Solvency II, Basel, CCAR/DFAST, or the like
- Experience interacting with validation and audit professionals
- Experience with off the shelf modeling software (Milliman Arius, Advise FIRM)
- A strong desire to learn the business, so that models will be appropriately designed to meet business realities and needs
- Full COVID-19 vaccination is an essential requirement of this role. Candidates located in states that mandate COVID-19 booster doses must also comply with those state requirements. UnitedHealth Group will adhere to all federal, state and local regulations as well as all client requirements and will obtain necessary proof of vaccination, and boosters when applicable, prior to employment to ensure compliance
To protect the health and safety of our workforce, patients and communities we serve, UnitedHealth Group and its affiliate companies require all employees to disclose COVID-19 vaccination status prior to beginning employment. In addition, some roles and locations require full COVID-19 vaccination, including boosters, as an essential job function. UnitedHealth Group adheres to all federal, state and local COVID-19 vaccination regulations as well as all client COVID-19 vaccination requirements and will obtain the necessary information from candidates prior to employment to ensure compliance. Candidates must be able to perform all essential job functions with or without reasonable accommodation. Failure to meet the vaccination requirement may result in rescission of an employment offer or termination of employment
Careers at UnitedHealth Group. We have modest goals: Improve the lives of others. Change the landscape of health care forever. Leave the world a better place than we found it. Such aspirations tend to attract a certain type of person. Crazy talented. Compassionate. Driven. To these select few, we offer the global reach, resources and can-do culture of a Fortune 5 company. We provide an environment where you're empowered to be your best. We encourage you to take risks. And we offer a world of rewards and benefits for performance. We believe the most important is the opportunity to do your life's best work.(sm)
*All Telecommuters will be required to adhere to UnitedHealth Group’s Telecommuter Policy.
Colorado, Connecticut or Nevada Residents Only: The Salary range for Colorado residents is $66,100 to 118,300. The Salary range for Connecticut/Nevada residents is $72,800 to $129,900. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, you’ll find a far-reaching choice of benefits and incentives
Diversity creates a healthier atmosphere: UnitedHealth Group is an Equal Employment Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.
