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Assistant Model Development Statistician – Remote

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As the Assistant Model Developer in UnitedHealth Group’s Enterprise Risk Management team, you will leverage statistical and econometric knowledge to develop economic capital modeling components. You'll update capital results, enhance models, write documentation, and work with relational databases. Join us to make an impact on health care.


UnitedHealth Group is a health care and well-being company that’s dedicated to improving the health outcomes of millions around the world. We are comprised of two distinct and complementary businesses, UnitedHealthcare and Optum, working to build a better health system for all. Here, your contributions matter as they will help transform health care for years to come. Make an impact with a diverse team that shares your passion for helping others. Join us to start Caring. Connecting. Growing together. 


As the Assistant Model Developer in UnitedHealth Group’s Enterprise Risk Management (ERM) team, you will be challenged to leverage statistical and econometric knowledge to help develop, enhance, and maintain economic capital modeling components for use in UnitedHealth’s Own Risk Solvency Assessment process.  As a key resource in financial 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 work remotely * 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, Economics, or Mathematics related field
  • 1+ years of experience with statistical/econometric/financial modeling
  • Proficient knowledge in financial and managerial accounting
  • Proficient with Microsoft Excel, Access, Word, and Visio
  • Ability to code in R, Python, or other statistical language
  • Ability to work with relational databases and code in SQL
  • Proven solid ability to write and communicate to various levels of technical and less technical experts
  • Proven solid desire to learn the business, so that models will be appropriately designed to meet business realities and needs

Preferred Qualifications:

  • Masters degree in statistics, econometrics, mathematics or at least an ASA designation in the Society of Actuaries
  • 2+ years of fulltime work experience statistical and/or regulatory capital modeling
  • Experience with regulatory work related to Solvency,  Basel, CCAR/DFAST, or the like
  • Experience with interacting with validation and audit professionals
  • Experience with off the shelf modeling software like Milliman Arius, Advise FIRM, or the like


California, Colorado, Connecticut, Nevada, New Jersey, New York, Rhode Island, or Washington Residents Only: The salary range for California, Colorado, Connecticut, Nevada, New Jersey, New York, Rhode Island or Washington residents is $56,300 to $110,400 per year. 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.  


*All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy


At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone–of every race, gender, sexuality, age, location and income–deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes — an enterprise priority reflected in our mission.


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.

Set alert for similar jobsAssistant Model Development Statistician – Remote role in Minnetonka, United States
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Job Posted

8 months ago

Job Type




Experience Level

3-7 years




Minnetonka, Minnesota, United States


Bachelor or Master


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