Actuarial Analyst II - Pharmacy (Remote)

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

Job summary

CareFirst BlueCross BlueShield is seeking an Actuarial Analyst II to perform project tasks, run moderate complexity calculations, and translate data into actionable information. This role supports rate filings, forecasts, IBNR and trend analyses, with collaboration across teams.

Ideal candidates will have a Bachelor's degree in a related field and health insurance actuarial experience, plus progress toward ASA/FSA and SOA exam progress.

Qualifications

• Knowledge of calculus, statistics, and probability for actuarial work.
• Ability to use models and tables to analyze large data sets.
• Strong business and financial concept understanding.
• Excellent written and verbal communication skills.

Responsibilities

• Reviews and organizes actuarial data for analyses such as rate filings and forecasts.
• Prepares accurate reports, internal or external (statutory/regulatory).
• Participates in ad hoc studies to support objectives.
• Makes recommendations based on actuarial assumptions and methodologies.
• Present analyses to internal and external customers.
• Resolves data integrity issues and collaborates with team.

Skills

Actuarial knowledge

Data analysis

Communication skills

Health insurance knowledge

Education

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

Job description

PURPOSE:

The Actuarial Analyst II will perform individual project tasks as requested, execute calculations of moderate complexity, and understand concepts of actuarial analysis that are of varying complexity. The incumbent is responsible for utilizing various sources to procure data and then turning that data into meaningful information, as well as fulfilling ad hoc requests.

Resp & Qualifications

The Actuarial Analyst II will perform individual project tasks as requested, execute calculations of moderate complexity, and understand concepts of actuarial analysis that are of varying complexity. The incumbent is responsible for utilizing various sources to procure data and then turning that data into meaningful information, as well as fulfilling ad hoc requests.

Essential Functions

• 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.

Supervisory Responsibility

Position does not have direct reports but is expected to assist in guiding and mentoring less experienced staff. May lead a team of matrixed resources.

Qualifications

Education Level:

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.

Experience:

2 years health insurance actuarial experience.

Preferred Qualifications

• Passage of 2 exams.

Knowledge, Skills And Abilities (KSAs)

• Knowledge of calculus, statistics, probability to determine likelihood of certain events.
• Ability to use models and tables to evaluate large data sets.
• Strong understanding of business and financial concepts.
• Excellent communication skills both written and verbal.
• Highly analytical and a general understanding of health insurance products and markets.
• Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.

Salary Range:

$69,984 - $138,996

Salary Range Disclaimer

The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).

Equal Employment Opportunity

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Federal Disc/Physical Demand

Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.

Physical Demands

The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.

Sponsorship in US

Must be eligible to work in the U.S. without Sponsorship