Actuarial Analyst II — Data-Driven Health Insights

CareFirst BlueCross BlueShield; Baltimore (MD); On-site; USD 70,000 - 139,000; Full time

Job summary

The Actuarial Analyst II at CareFirst BlueCross BlueShield will perform individual project tasks, execute moderately complex calculations, and translate data into actionable insights. You will procure data from various sources and fulfill ad hoc requests to support actuarial analyses.

Candidates should have a Bachelor's degree in a relevant field and at least 2 years of health insurance actuarial experience, with strong mathematical, analytical, and communication skills.

Qualifications

• Bachelor's degree in Mathematics, Finance, Actuarial Science or related field, or in lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.
• 2 years health insurance actuarial experience.

Responsibilities

• Reviews and organizes actuarial and operational data for use in a variety of actuarial analyses that may include rate filings, financial forecasts, IBNR analysis, trend analysis, provider contract analysis, etc. May utilize statistical tools to monitor and provide ongoing analysis, May assist in the preparation of complex reports and/or actuarial models. Documents data sources, assumptions, and methods. Follows standard operating procedures (SOPs) where applicable. Updates SOPs as needed.
• Prepares accurate and timely reports as assigned. These reports may be related to internal analysis or may be external in nature (statutory and regulatory).
• Participates and works collaboratively in a variety of special studies and ad hoc analyses in support of departmental business and/or clinical objectives.
• Makes recommendations based on actuarial assumptions and methodologies
• Present analyses and recommendations in a polished and professional manner to internal and/or external customers.
• Researches and resolves data integrity issues. Partners with other team members to solve problems.
• Makes progress toward ASA/FSA designation with the Society of Actuaries by passing SOA exams, completing modules, and/or obtaining validation by educational experience (VEE) credits.

Skills

Calculus

Statistics

Probability

Data modeling

Finance concepts

Communication skills

Analytical thinking

Health insurance knowledge

Education

Bachelor's Degree in Mathematics, Finance, Actuarial Science or related field

Job description

The Actuarial Analyst II at CareFirst BlueCross BlueShield will perform individual project tasks, execute moderately complex calculations, and translate data into actionable insights. You will procure data from various sources and fulfill ad hoc requests to support actuarial analyses.

Candidates should have a Bachelor's degree in a relevant field and at least 2 years of health insurance actuarial experience, with strong mathematical, analytical, and communication skills.