Actuarial Analyst, Experienced
Your Role
The Actuarial Reserving team develops Incurred but Not Reported (IBNR) reserve models and reporting while considering the impacts of emerging operational and trend dynamics on reserve levels . The Actuarial Analyst, Experienced will report to the Senior Manager of Reserving. In this role you will collaborate with partners in Accounting, Operations, IT, and other areas to support timely and accurate reserve development. You will work collaboratively with other members of the team to address changing business needs.
Your Work
In this role, you will:
- Understand the core principles and functionality of decision, descriptive, predictive and prescriptive analytic methods including forecasting, statistical and machine learning techniques
- Conduct and develop analysis, assess risk and population risk scores and assignment, develop pricing and trends, assess changes in benefit designs, develop reserves, perform forecasting, analyze provider reimbursement terms and/or evaluates actuarial risk related analysis
- Coordinate, prepare, perform and audit actuarial analyses to assist in the development of complex actuarial formulations leading to the recommendation of pricing, trending, reserving, provider reimbursement and/or risk assessment strategies
- Perform data exploration using a combination of statistical programming languages (including, but not limited R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve risk prediction, improve reserve, trend and financial forecasting in a manner that is actuarially sound, and enable real-time results and operational efficiencies
- Direct, coordinate, and/or develop evaluation and financial reporting standards for internal and external reports
- Support creation of monthly reserve analytics and reporting
- Interpret and communicate reserve results to key stakeholders within Actuarial, Accounting, and Finance
- Document and support modeling assumptions to maintain audit-readiness
Your Knowledge and Experience
- Requires a bachelor's degree with at least a minor in mathematics, statistics, computer science or equivalent business experience
- Requires at least 2 years of professional actuarial experience
- Prior healthcare industry experience preferred
- Advanced experience in Microsoft Excel and SAS/SQL
- Strong communication, presentation, and creative problem-solving skills
- Proficiency in data visualization and project management skills
Pay Range:
The pay range for this role is:
$ 79750.00 to $ 111650.00 for California.
Note:
Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.
#LI-CS4
Estimated Salary: $20 to $28 per hour based on qualifications.
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