Actuarial Analyst II

Horizon Blue Cross Blue Shield of New Jersey; Newark (NJ); On-site; USD 79,100 - 105,945; Full time

Benefits offered by this job

Comprehensive health benefits

Retirement Plans

Generous PTO

Incentive Plans

Wellness Programs

Paid Volunteer Time Off

Tuition Reimbursement

Job summary

Horizon Blue Cross Blue Shield of New Jersey is seeking a mid level analyst to work in their Actuarial Department. The role involves supporting premium rate development, evaluating benefit changes, and conducting pricing studies. The ideal candidate will have a Bachelor's degree in a relevant field and at least 2 years of relevant experience.

Strong analytical skills and proficiency in Microsoft Excel are required. Experience with SAS, SQL, or R is preferred. This position offers a competitive salary and generous benefits.

Qualifications

• Requires 2+ years of actuarial and/or statistics experience.
• Working towards an ASA highly preferred.

Responsibilities

• Assist in developing premium rates for Individual and Small Group business.
• Support the preparation and submission of premium rate filings.
• Evaluate proposed benefit and cost-sharing changes.
• Conduct pricing analyses for Individual and Small Group segments.
• Perform Mental Health Parity compliance assessments.

Skills

Mathematical modeling techniques

Statistical analysis

Proficiency in Microsoft Excel

Good oral and written communication skills

Strong analytical thinking

Education

Bachelors degree in Mathematics, Statistics, Actuarial Sciences or related field

Tools

SAS

SQL

R

Job description

About the Role

This mid level analyst role sits within the Actuarial Department and supports premium rate development for the Individual and Small Group markets. The position is responsible for assisting with evaluating proposed benefit and cost sharing changes, conducting pricing studies, assessing the impact of state and federal legislative changes, performing Mental Health Parity compliance reviews, and supporting additional actuarial functions as needed. The role applies mathematical modeling techniques and statistical concepts to assess risk and support sound actuarial decision making.

What You'll Do

• Assist in developing premium rates for Individual and Small Group business.
• Support the preparation and submission of premium rate filings to state and federal regulators.
• Evaluate proposed benefit and cost‑sharing changes. Conduct pricing analyses and studies for Individual and Small Group segments.
• Assess the impact of proposed state and federal legislative changes.
• Perform Mental Health Parity compliance assessments.
• Provide support on additional actuarial projects as requested.
• Collaborate with internal teams and evaluate input received from cross‑departmental partners.
• Prepare and present reports with clear explanations and insights for managers and directors.
• Conduct experience studies and drill‑down analyses to identify key cost drivers and trends.
• Complete ad‑hoc modeling and analytical projects.

What You Bring

Education/Experience

• Requires a Bachelors degree, 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.

Additional licensing, certifications, registrations

• Working towards an ASA highly preferred.

Knowledge

• Proficiency in Microsoft Excel required.
• Experience with SAS, SQL, R, or similar programming languages preferred.
• Working knowledge of data analysis and actuarial principles preferred.

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.

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:

Benefits

• Comprehensive health benefits (Medical/Dental/Vision)
• Retirement Plans
• Generous PTO
• Incentive Plans
• Wellness Programs
• Paid Volunteer Time Off
• Tuition Reimbursement

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.