Blue Cross and Blue Shield Association logo

Actuarial Analyst, Associate

Blue Cross and Blue Shield Association
  • Woodland Hills, CA
  • Autofill and Review
3 days ago

Job Description

Your Role

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

LocationWoodland Hills, CA
IndustryInsurance
Company Size2,000 to 2,499 employees
Websitehttps://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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