Actuarial Analyst II

Acturhire; Newark (NJ); On-site; USD 79,000 - 106,000; Full time

Benefits offered by this job

Comprehensive health benefits (Medical

Dental/Vision

Retirement Plans

Generous PTO

Incentive Plans

Wellness Programs

Tuition Reimbursement

Job summary

Horizon Blue Cross Blue Shield of New Jersey is seeking a mid-level Actuarial Analyst to support trend analysis, forecasting, data collection for financial reporting, and pricing model development. The role requires a Bachelor’s degree in a related field and 2+ years actuarial/statistics experience, with ASA candidate a plus.

Strong Excel, Access, and SAS skills are preferred. Salary range $79,100–$105,945 and a comprehensive benefits package accompany the position.

Qualifications

• Bachelor's degree is required, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.
• Requires 2+ years of actuarial and/or statistics experience or attainment of Associate level in the Society of Actuaries (ASA).
• ASA candidate a plus.
• Requires working knowledge of Excel.
• Prefers working knowledge of Access or other database application.
• Prefers experience with SAS or other programming language.
• Prefers knowledge of data analysis and Actuarial principles.

Responsibilities

• Perform or support trend analysis.
• Perform or support forecasting.
• Collect and analyze data to use for financial and utilization reporting and monitoring (including IBNR).
• Develop pricing models and support pricing requests which may include rate filings, benefit adjustment factors, fee schedule analysis, new product pricing, etc.

Skills

Analytical thinking

Communication

Mathematical skills

Problem solving

Data analysis

Actuarial principles

Excel

SAS

Data interpretation

Education

Bachelor's degree in Mathematics

Bachelor's degree in Statistics

Bachelor's degree in Actuarial Sciences

Tools

Excel

Access

SAS

Job description

Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey’s health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in‑class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds.

About the Role

This is a mid-level analyst position within the Actuarial department.

What You'll Do

Responsibilities:

• Perform or support trend analysis.

• Perform or support forecasting.

• Collect and analyze data to use for financial and utilization reporting and monitoring (including IBNR).

• Develop pricing models and support pricing requests which may include rate filings, benefit adjustment factors, fee schedule analysis, new product pricing, etc.

Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.

What You Bring

Education/Experience:

• Bachelors degree is required, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.

• Requires 2+ years of actuarial and/or statistics experience or attainment of Associate level in the Society of Actuaries (ASA).

Additional licensing, certifications, registrations:

• ASA candidate a plus.

Knowledge:

• Requires working knowledge of Excel.

• Prefers working knowledge of Access or other database application.

• Prefers experience with SAS or other programming language.

• Prefers knowledge of data analysis and Actuarial principles.

Skills and Abilities:

• Requires good oral and written communication skills.

• Requires strong analytical thinking.

• Requires strong mathematical skill and statistical analysis abilities.

• Requires good judgment and problem solving skills.

Why Horizon?

At Horizon, you’ll do meaningful work that directly improves lives—while being supported by a mission‑driven organization that values expertise, collaboration, and growth. We believe that when our people thrive, our communities do too. If you are passionate about making an impact, we’d love to hear from you!

Salary Range: $79,100 - $105,945

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement

Disclaimer:

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware. This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.