Actuarial Analyst II — Stop Loss & Level Funded Pricing

Acturhire; Newark, Northern (NJ, KY); Hybrid; USD 79,000 - 106,000; Full time

Benefits offered by this job

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 Actuarial Analyst to help price Stop Loss and Level Funded programs. You'll support underwriting, reserving, and forecasting and work with stakeholders to develop pricing models.

This role emphasizes data analysis, Excel-based tools, and collaboration to drive membership growth and financial strength. A bachelor’s degree and 2+ years actuarial experience are preferred, with ASA pursued.

Qualifications

• Requires a Bachelor’s 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.
• Working towards an ASA highly preferred.
• Experience with Level Funded products, medical Stop Loss or Reinsurance products preferred.

Responsibilities

• Design, perform or support trend analysis.
• Perform pricing, UW support, reserving and forecasting for both Specific and Aggregate Stop Loss, as well as Level Funding.
• Perform or support forecasting.
• Support new business and renewal pricing decisions, including underwriting consultation and risk assessment.
• Develop or support the development of pricing models and support pricing requests which may include, benefit adjustment factors, fee schedule analysis, new product pricing, etc.
• Collect and analyze data to use for financial and utilization analysis, reporting, and monitoring (including IBNR).
• Partner with internal and external customers to develop creative solutions and strategies, uncover opportunities and minimize risks
• Support corporate strategies and business plan development for membership growth & financial strength
• Lead meetings with business partners providing transparency in and an understanding of the actuarial analyses and results

Skills

Communication

Analytical thinking

Mathematical skill

Problem solving

Education

Bachelor's degree in Mathematics/Statistics/Actuarial Sciences

Tools

Excel

SQL

SAS

Tableau

Power BI

Job description

Horizon Blue Cross Blue Shield of New Jersey is seeking a mid-level Actuarial Analyst to help price Stop Loss and Level Funded programs. You'll support underwriting, reserving, and forecasting and work with stakeholders to develop pricing models.

This role emphasizes data analysis, Excel-based tools, and collaboration to drive membership growth and financial strength. A bachelor’s degree and 2+ years actuarial experience are preferred, with ASA pursued.