Actuarial Analyst, Associate

Blue Shield Of California; Los Angeles (CA); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Blue Shield of California is seeking an Actuarial Analyst – Associate to partner with Underwriting, Product and Rating Systems on premium pricing for large fully insured clients.

You will develop technical and leadership skills while supporting pricing analyses, forecasting and actuarial risk assessments in a hybrid in-office setting.

Qualifications

• Bachelor degree in a quantitative field and actuarial education progress.
• Foundational knowledge of actuarial concepts and healthcare terminology.
• Strong analytical skills with spreadsheets and reporting tools.
• Attention to detail for data validation and documentation.

Responsibilities

• Understand analytics methods including forecasting, statistics and machine learning for pricing and risk.
• Conduct analysis, develop pricing trends and evaluate benefit designs.
• Coordinate and audit actuarial analyses to inform pricing strategies.
• Perform data exploration using R, Python, SQL and SAS for pricing and forecasting.
• Develop evaluation standards for internal and external reports.
• Customize pricing for large groups’ benefit needs and collaborate with Rating Systems and Underwriting.
• Support relationships with Rating Systems and Underwriting partners.

Education

Bachelor’s degree in mathematics, statistics, actuarial science, computer science, or a related field

Completed 1–2 actuarial exam courses toward ASA, Fellow of the Society of Actuaries (or equivalent progress

Tools

R

Python

SQL

SAS

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.

Responsibilities

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

Qualifications

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.

About Blue Shield of California

As of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield isa U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities – join us!

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

OurWorkplace Model

We believe in fostering a workplace environment that balances purposeful in-person collaboration, flexibility - providing clear expectations while respecting the diverse needs of our workforce. Ourworkplace modelis designed around intentional in-person interaction, collaboration, connection,creativityand flexibility:

• For most teams, this means coming into the office two days per week.
• Employees living more than 50 miles from an office location, out of state employees, and employees in certain member-facing roles should work with their manager to determine in-office time based on business need.
• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.

The Company reserves the right torequiremore presence in the office based on business needs, and requirements are subject to change with periodic reviews.

Physical Requirements:

Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

Please click here for further physical requirement detail.

Equal Employment Opportunity:

External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.