Rotational Apprentice - Actuarial Services

Blue Cross Blue Shield of Wyoming; Cheyenne (WY); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Best-In-Class Health Insurance

Competitive compensation

Annual merit increases

Wellness programs

Job summary

Blue Cross Blue Shield Wyoming is seeking a Rotational Apprentice in Actuarial Services to participate in structured training and hands-on analysis across pricing, forecasting, and regulatory activities. You will rotate through underwriting, finance, and audit to gain a broad business perspective in a Wyoming-based program.

The role emphasizes statistical methods, data analysis, and collaboration with cross-functional teams, with opportunities to advance actuarial credentials.

Qualifications

• Bachelor’s degree in Actuarial Science preferred.
• Degrees in Mathematics, Statistics, Data Science, Economics or related quantitative fields considered.
• Progress toward actuarial credentials (e.g., SOA exams) is preferred.

Responsibilities

• Assist actuarial analyses to support premium rate development and pricing.
• Support development and monitoring of claim reserves (including IBNR) and other actuarial liabilities.
• Prepare and validate data for state and federal rate filings and other regulatory submissions.
• Maintain and run existing actuarial models and tools.
• Provide analytical support to underwriting, finance, and product teams.

Skills

Actuarial analyses

Data analysis

Statistical principles

Communication skills

Interpersonal skills

Education

Bachelor's degree in Actuarial Science

Mathematics

Statistics

Data Science

Economics

Tools

Excel

SQL

Data visualization tools

Job description

Deep Roots. Solid Growth. Caring People. Rooted in Wyoming! We are Blue Cross Blue Shield Wyoming: a not-for-profit health insurer with offices throughout the state. Ever since a small group of caring, persistent Wyoming women helped us put down roots in 1945, everything we do is aimed at better health care for the people of Wyoming. Our Vision: We envision a future where integrity, compassion, and trust define a local health insurance experience. Committed to doing the right thing for our members, employees, and community, we strive to protect and contribute to the health and care of all we serve. Our Mission: provide our members with access to local health insurance solutions that prioritize health, care, and well-being for those who call Wyoming home. If our passion and purpose resonate with you, you may be who we are looking for.

Rotational Apprentice – Actuarial Services

As a Rotational Apprentice – Actuarial Services with the BCBSWY Actuarial Team, you will play an essential role in supporting the Actuarial Services department through structured training and hands-on analytical work related to health insurance pricing, underwriting, reserving, forecasting, financial planning, reporting, and regulatory activities. You will participate in a rotational program designed to build a broad understanding of our business. In addition to actuarial, the apprentice will complete rotations in small group underwriting, large group underwriting, finance, and audit/enterprise risk management, gaining exposure to both technical and business-focused work while supporting real-world projects in each department.

The core responsibilities for this role include:

• Assisting with actuarial analyses to support premium rate development, product pricing, and benefit changes;
• Supporting the development and monitoring of claim reserves (including IBNR), accruals, and other actuarial liabilities;
• Preparing and validating data for state and federal rate filings and other regulatory submissions;
• Maintaining and running existing actuarial models and tools;
• Providing analytical support to underwriting, finance, network/clinical, and product teams on defined tasks.

In this role, you will gain knowledge, skills, and experience as you interact with highly qualified team members, and have the opportunity to apply these competencies to improve actuarial workflows.

To be successful in this role, you’ll need to have an excellent mathematical background with a strong knowledge of statistical principles; the ability to analyze data using spreadsheets, databases and other software tools; be detail-oriented with strong organizational and time management abilities; be goal oriented; and have excellent communication and interpersonal skills. A bachelor’s degree in Actuarial Science is preferred. Degrees in Mathematics, Statistics, Data Science, Economics, or a related quantitative field will also be considered. Preference will be given to applicants with progress toward actuarial credentials (e.g. completion of SOA actuarial exams).

BCBSWY Employees Enjoy:

• Best-In-Class Health Insurance at minimal to no-cost for BCBSWY employees!
• PLUS many other benefits along with highly competitive compensation!
• Our compensation program is reviewed for competitive market match on an annual basis and employees are eligible for annual merit increases.
• Monthly incentives that are based on individual and company performance are also available to eligible employees and members of our Sales Team can realize generous performance-based commissions.
• At BCBSWY our employees are provided best-in-class benefits to support their physical, financial, and emotional wellness.
• These benefits include medical, dental, vision, 401(k), life insurance, paid time off (PTO), 10 paid holidays in addition to PTO annually, plus 8 paid volunteer hours, various wellness programs, and a dress code of "Dress for Your Day!" which can mean jeans every day (depending on your role).

Serving Those Who Call Wyoming Home. Our positions are all based in Wyoming. Depending on the department and the position, eligible employees may be offered limited In-Office/WFH flexibility (for those positions that are offered limited WFH, there will be a required number of In-Office days per week/month depending on department). Executive level employees are required to reside full-time in Wyoming.

Our Selection Process:

• Review of your completed application and any additional submitted materials (e.g., cover letter, certifications, etc.) for minimum qualifications and skills alignment.
• Confirmation of Wyoming residency, intent to become a Wyoming resident, or reasonable commuter distance if Colorado resident.
• Recruiter Phone Screen.
• Possible Self-Assessment and/or Questionnaire.
• Initial interview with Hiring Manager.
• Possible 2nd Interview with Hiring Manager and/or additional Team members.
• Comprehensive Background Check.

BCBSWY is an Equal Opportunity Employer. We do not discriminate based on race, color, religion, national origin, sex, age, disability, genetic information, or any other status protected by law or regulation. Qualified applicants are provided with an equal opportunity and selection decisions are based on job-related factors.

We use E-Verify to confirm employment eligibility; we DO NOT sponsor applicants for work visas.

BCBSWY is committed to the full inclusion of all qualified individuals. As part of this commitment, we will ensure that persons with disabilities are provided reasonable accommodations for the application, selection, and hiring process.

If reasonable accommodation is needed, please contact: [e-mail]

Working at Blue Cross Blue Shield of Wyoming | Great Place To Work Rooted in Wyoming, Blue Cross Blue Shield Wyoming (BCBSWY) is a not-for-profit health insurer with offices throughout the state. Are you interested in joining the largest, most experienced insurer in Wyoming? If you are committed to excellent service above all else, you could be a great fit for an opportunity with BCBSWY. Introduce Yourself and be the first in line for new jobs opportunities. Cheyenne Wyoming: Discover a Wild West Adventure Visit Wyoming and Enjoy Your Wyoming Vacation (travelwyoming.com)

BCBSWY is an Equal Opportunity Employer. We do not discriminate based on race, color, religion, national origin, sex, age, disability, genetic information, or any other status protected by law or regulation. Qualified applicants are provided with an equal opportunity and selection decisions are based on job-related factors.

We use E-Verify to confirm employment eligibility; we DO NOT sponsor applicants for work visas.

BCBSWY is committed to the full inclusion of all qualified individuals. As part of this commitment, we will ensure that persons with disabilities are provided reasonable accommodations for the application, selection, and hiring process. If reasonable accommodation is needed, please contact: [e-mail]

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