Actuarial Analyst II

Horizon Blue Cross Blue Shield of New Jersey; United States; Remote; USD 77,000 - 105,000; Full time

Job summary

A leading health solutions provider is seeking a mid-level analyst in their Actuarial department. The role involves developing pricing models, performing trend and forecasting analysis, and assisting with financial reporting. Candidates should have a Bachelor's degree in a related field and at least 2 years of relevant experience. Strong Excel skills and knowledge of statistical analysis are essential.

Benefits

Comprehensive health benefits (Medical/Dental/Vision)

Retirement Plans

Generous PTO

Incentive Plans

Wellness Programs

Paid Volunteer Time Off

Tuition Reimbursement

Qualifications

• Requires a Bachelor's degree in a related field.
• 2+ years of actuarial and/or statistics experience required.
• ASA certification preferred.

Responsibilities

• Develop pricing models and support pricing requests.
• Perform trend analysis and forecasting.
• Assist with financial impact estimation.

Skills

Excel

Data analysis

Statistical analysis

Analytical thinking

Communication skills

Education

Bachelor's degree in Mathematics, Statistics, Actuarial Sciences or related field

Tools

SAS

Access

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.

This is a mid-level analyst position within the Actuarial department. This role will be responsible for central pricing and forecasting. Responsible for producing the best technical view of pricing factors and our forecasted premium and claims for future period.

Responsibilities:

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

• Perform or support trend analysis

• Perform or support forecasting

• Assist with the development and recording of outstanding incurred claims liabilities, as well as other financial accruals and liabilities.

• Assist with estimating regulatory program financial impacts.

• Assist with understanding medical trend development and drivers, including drill-down analysis and reporting.

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

Education/Experience:

• Requires a Bachelor's degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university, or equivalent work experience.

• Requires 2+ years of actuarial and/or statistics experience

• ASA Preferred

• Large group pricing experience highly preferred

Additional licensing, certifications, registrations:

• ASA Certification preferred.

Knowledge/Skills:

• Requires expert knowledge of Excel

• Prefers working knowledge of Access or other database application

• Prefers experience with SAS or other programming language

• Requires knowledge of data analysis and Actuarial principles

• 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

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Salary Range:

$77,900 - $104,370

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:
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.