The Large Group Pricing team partners with Underwriting, Product and Rating Systems to provide accurate premium pricing for our largest fully insured customers. The Actuarial Analyst - Associate role will report to the Senior Manager of Large Group Pricing. In this role you will support various projects while developing new technical/Actuarial, communication and leadership skills.
Your Knowledge and Experience
Bachelor's degree in mathematics, statistics, actuarial science, computer science, or a related field
Demonstrated foundational knowledge of actuarial concepts, insurance fundamentals, and healthcare terminology through education or internships
Applied basic quantitative and analytical skills using spreadsheets and standard reporting tools
Used attention to detail to support data validation, documentation, and quality checks
Completed 1-2 actuarial exam courses toward ASA, Fellow of the Society of Actuaries (or equivalent progress
Hybrid
This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week.
Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.
Your Work
In this role, you will:
Understand the core principles and functionality of decision, descriptive and predictive analytic methods including forecasting, statistical and machine learning techniques
Conduct and develop analysis, develop pricing and trends, assess changes in benefit designs, perform forecasting, analyze provider reimbursement terms and/or evaluate actuarial risk related analysis
Coordinate, prepare, perform and audit actuarial analyses to assist in the development of complex actuarial formulations leading to the recommendation of pricing and other risk assessment strategies
Perform data exploration using a combination of statistical programming languages (including, but not limited to R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve pricing, risk prediction, and financial forecasting in a manner that is actuarially sound, enabling real-time results and efficiencies
Develop evaluation and financial reporting standards for internal and external reports
Customize pricing for our largest groups' benefit needs
Support relationships with and expectations of Rating Systems and Underwriting partners
Your Work
In this role, you will:
Understand the core principles and functionality of decision, descriptive and predictive analytic methods including forecasting, statistical and machine learning techniques
Conduct and develop analysis, develop pricing and trends, assess changes in benefit designs, perform forecasting, analyze provider reimbursement terms and/or evaluate actuarial risk related analysis
Coordinate, prepare, perform and audit actuarial analyses to assist in the development of complex actuarial formulations leading to the recommendation of pricing and other risk assessment strategies
Perform data exploration using a combination of statistical programming languages (including, but not limited to R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve pricing, risk prediction, and financial forecasting in a manner that is actuarially sound, enabling real-time results and efficiencies
Develop evaluation and financial reporting standards for internal and external reports
Customize pricing for our largest groups' benefit needs
Support relationships with and expectations of Rating Systems and Underwriting partners
Numbers & Facts
Location
Woodland Hills, CA
Industry
Insurance
Company Size
2,000 to 2,499 employees
Website
https://www.bcbs.com/about-us/careers
About Company
At the Blue Cross and Blue Shield Association (BCBSA), we provide business strategy, technical support and consulting expertise to 36 Blue Cross and Blue Shield companies across the nation, employing more than 1,000 of the best strategic thinkers in the industry. We are a Brand manager that sets quality control standards for the 36 independent companies that use the Blue Cross and Blue Shield Brands, and we serve as a trade association that represents these Blue companies. It is through our involvement that the Blues companies share a united vision and strategy while also benefiting from the local strength of all member companies.
Skills
Actuarial Skillsunmatched
Analysis Skillsunmatched
Auditingunmatched
Computer Scienceunmatched
Data Qualityunmatched
Detail Orientedunmatched
Financial Reportingunmatched
Forecastingunmatched
Healthcareunmatched
Insuranceunmatched
Leadershipunmatched
Machine Learningunmatched
Mathematicsunmatched
Predictive Modelingunmatched
Pricingunmatched
Python Programming/Scripting Languageunmatched
Quantitative Analysisunmatched
R Programming Languageunmatched
Reimbursementunmatched
Riskunmatched
Risk Analysisunmatched
SQL (Structured Query Language)unmatched
Spreadsheetsunmatched
Statistical Analysis System (SAS)unmatched
Statistical Programming Languagesunmatched
Statisticsunmatched
Team Lead/Managerunmatched
Trend Analysisunmatched
Underwritingunmatched
Validation Documentationunmatched
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