Principal - Insurance Strategy

Become a part of our caring community and help us put health first
 

Humana, a Fortune 50 Healthcare Company
Humana is a publicly traded, Fortune 50 healthcare company with a long history of successful innovation and reinvention. It has transformed itself from the largest US nursing home company in the 60’s, to the largest US hospital corporation in the 80’s, to a leading health benefits company beginning in the 90’s. Today, Humana is a leader in consumer-focused health solutions and is one of the largest health benefits organizations in the country.

Role Overview
The Insurance Strategy team supports Humana’s Medicare and Medicaid business unit. This business unit, Humana’s largest, comprises the majority of the company’s total revenue and earnings. Team members partner with the senior leaders of the business unit, and more broadly with leaders throughout the enterprise, as they deliver strategy projects addressing some of the businesses most important opportunities and challenges. These high-profile strategy projects place the team at the forefront of helping to define the future of Humana’s largest businesses.

Humana is seeking an experienced team member with meaningful strategy consulting experience to manage and deliver some of Medicare and Medicaid’s highest priority projects. As a Principal, you will lead team members during projects as you deconstruct issues and challenges, perform targeted research and analysis, and craft sound, logical solutions and recommendations. You will also shape implementation considerations, and work with business owners as appropriate to transition analysis into execution. While doing so, you will have the opportunity to collaborate with fellow team members, subject matter experts, members of Humana’s executive Management Team, and corporate, functional, and business unit leaders.

While deep diving into key areas, you will also have a bird’s-eye view of the business unit’s overall strategy. Your role be instrumental in synthesizing the strategic choices being made across the business unit into coherent plans to drive growth and profitability, while simultaneously improving the lives and health of Humana’s members. As such, the ability to facilitate senior level meetings, drive diverse groups to consensus, and lead through influence will be essential to success in this role.

Recent example projects include development of a 5-year growth strategy for the business unit and key lines of business, developing a refreshed membership acquisition strategy, identifying key go-to-market priorities, developing new contracting models for value-based care providers, evolving key facets of the Medicare Advantage growth strategy, and identifying high level operating model changes.

Key responsibilities include:

• Overseeing and delivering high quality analysis and deliverables that clearly frame objectives, issues/challenges, and articulate compelling, insightful findings, conclusions, and recommendations

• Managing and delivering high-profile, high-impact strategy projects end-to-end, from developing an approach to delivering recommendations and final deliverables

• Developing high quality, insightful, and clear analysis and deliverables for Humana’s executive management team and Board of Directors

• Overseeing development of hypothesis to be validated or refined through targeted research and analysis

• Conducting interviews, working sessions, and report-outs with leaders across the company

• Overseeing industry, market, competitor, and financial analysis

• Working collaboratively with fellow team members and leaders across the company

• Effectively leading and developing junior members of the team

• Leading critical processes to prepare leadership for interactions with Humana’s executive Management Team and Board of Directors  

• Being a steward of the strategy team’s operating model, norms and ways of working

• Travel:  ~5% - 10%

Use your skills to make an impact
 

Required Qualifications

• Bachelor’s degree

• 3-5+ years of full-time strategy consulting experience with a leading management consulting firm, and/or strategy consulting experience outside of a consulting firm (e.g., healthcare organization); 5-7+ years of total work experience requiring consulting related skills/capabilities

• Demonstrated ability to manage large, substantive components of strategy consulting engagements

• Excellent verbal and written communication abilities

• Highly collaborative, flexible, team oriented working style

• Strong problem-solving skills and the ability to perform complex qualitative and quantitative analysis

• Demonstrated ability to mentor and develop junior staff

• Ability to quickly build and maintain trust with business leaders

• Demonstrated ability working within a matrixed environment and managing senior stakeholders

Preferred Qualifications

• MBA, MPH, PhD, or graduate degree in a management field

• Prior healthcare industry experience, preferably in the managed care or provider sector

Additional Information

The role reports to the Associate Vice President of the Strategy team, works collaboratively with members across the team, and with senior leadership throughout the company.

Travel: While this is a remote position, occasional travel to Humana's offices for training or meetings may be required.

Scheduled Weekly Hours

40

Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.$166,700 - $229,200 per yearThis job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.

About Us
 

Humana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.

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Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status. It is also the policy of Humana to take affirmative action, in compliance with Section 503 of the Rehabilitation Act and VEVRAA, to employ and to advance in employment individuals with disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.