Sudha Shenoy, FSA 1992, MAAA, CERA
Part D Pharmacy Lead, Aetna Inc., Hartford, CT
Brief description of the type of work you currently do:
Responsibility for Part D and Medicare Supplement products pricing
Primary Area of Practice:
Health Benefit Systems
Other Areas of Practice / Interests:
Risk Management
Professional Background:
Medicare Advantage, Medicare Part D & Medicaid lines of business including pricing, provider risk sharing arrangement support and risk model implementation. Medicare experience includes Medicare Supplement rate filings including actuarial memorandums. Other experience includes regional product actuary role, rate development for PPO, HMO and other indemnity products. Analyzed account profitability to develop strategies for loyalty programs and growth. Mergers & acquisition work included coordination, actuarial appraisals and due diligence.
Volunteer Experience:
- Chairperson (prior) Actuary of the Future and Management and Personal Development Sections
- Member of the FSA Health Syllabus Redesign Steering Committee
- Executive Board member and Treasurer of the Connecticut Food Bank
- President (prior) of the Actuaries Club of Hartford
- Current member of the Health Section Council
- Member & Treasurer Diversity Council
Vision Statement:
Marketplace relevance is one of the major challenges facing the actuarial profession today, as demonstrated by other professions entering our space in the health, pension and risk management areas. As business needs change, it is important for actuaries to keep their competencies and skill sets current and relevant. This is vital for current members and will help attract key talent in the future. Actuaries should strive be recognized in the marketplace for their business skills as well as their thought leadership.
We have taken large steps towards revitalizing the actuary brand and need to build on this during the next few years. We should be more proactive in positioning our profession to better compete with others. Our members can achieve success in their careers if we invest more in the development of their key business skills. We should partner with other organizations to promote our brand and develop relationships that will provide us with additional opportunities. We have a choice: we can either move with the marketplace and evolve along with changes in the business world, or we can risk being typecast in traditional roles. Many new careers evolve from different needs, and we can be a part of that evolution if we accept the challenge to meet those needs and make the bold decisions that will take us there. We need strong leaders with strategic visions to help shape our future. As a Board member, I hope to be able to contribute to this effort. Thank you.
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