Blue Cross Blue Shield Association
4 days ago Be among the first 25 applicants
Please read, as part of this position, the individual will need to travel to our Chicago office once a week. This is a crucial and essential part of the role, and we sincerely appreciate your understanding and cooperation regarding this expectation.
Summary Use statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of internal and/or external proposals, activities, or initiatives for the Federal Employee Program (FEP), the Federal Employee Dental and Vision Insurance Program (FEDVIP), and other departments within BCBSA and the Plans as needed. Operate with a high level of autonomy for purposes of pricing, underwriting, reserving, forecasting and other actuarial functions. Manage small projects and communicate complicated concepts, information, and recommendations, and present technical information to non-technical audiences. Work product affects management decisions as well as financial soundness of Blue Plans, FEP, and FEDVIP.
What you will do
Provide the evaluation, implementation, and maintenance of models and studies, which use actuarial principles for the purposes of pricing, underwriting, reserving, trend analyses, rating support, forecasting, and other actuarial functions, including peer review, as needed. Summarize results, provide observations and recommendations to assist with management decisions.
Develop, analyze, and quantify the effects of new initiatives, proposals, and environmental changes such as laws/regulation, tax policy, trend, competitor, member, and provider behavior impacting FEP, FEDVIP, BCBSA, or Blue Plans, as appropriate. Analyze the financial effect and determine the estimated actuarial impact and recommend appropriate solutions.
Respond to a variety of technical inquiries or requests and provide technical actuarial assistance to internal customers or external customers (OPM, Congress, etc.), and Blue Plans upon request. Support and evaluate the Plan Trend Surveys and other BCBSA publications as requested.
Maintain actuarial credentials which may include continued progression through the actuarial examination process.
Support actuarial presentations at meetings, conferences, and training sessions as requested.
What TeamBCBSA needs Education
Required Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related field; or equivalent work experience.
Experience
5+ years actuarial experience, with multiple years in medical, dental, vision insurance, or other health related experience required.
Knowledge, Skills and Abilities
Moderate health actuarial and related technical expertise in rating, underwriting, valuation, product development, trend analysis, forecasting, rate filings, financial statements, legislative analysis, policy development, and R&D projects is required.
General understanding of data support systems and data requirements.
Ability to work effectively in a multi‑disciplinary team environment.
Excellent oral and written communication skills and the ability to present technical information to non‑technical audiences.
Ability to work in unfamiliar and potentially politically driven situations with limited data.
Demonstrated technical skills with the Microsoft Office Suite, including Microsoft Excel.
Skilled in basic accounting and financial analysis.
Experience in Access, SAS, SQL, Visual Basic, R, or other programming skills.
Certifications & Licenses
Required: Associate of the Society of Actuaries (ASA) – SOA.
What we offer
Financials: $103,000–128,000 annual salary + bonus and possible sign‑on.
Competitive benefits package, effective 2nd week after initial hire date.
Pet insurance.
Learning and development—build your professional craft.
And much more.
Location Chicago, IL
#J-18808-Ljbffr
Please read, as part of this position, the individual will need to travel to our Chicago office once a week. This is a crucial and essential part of the role, and we sincerely appreciate your understanding and cooperation regarding this expectation.
Summary Use statistics, financial theory, mathematics, and basic financial and actuarial principles to assess the impact of internal and/or external proposals, activities, or initiatives for the Federal Employee Program (FEP), the Federal Employee Dental and Vision Insurance Program (FEDVIP), and other departments within BCBSA and the Plans as needed. Operate with a high level of autonomy for purposes of pricing, underwriting, reserving, forecasting and other actuarial functions. Manage small projects and communicate complicated concepts, information, and recommendations, and present technical information to non-technical audiences. Work product affects management decisions as well as financial soundness of Blue Plans, FEP, and FEDVIP.
What you will do
Provide the evaluation, implementation, and maintenance of models and studies, which use actuarial principles for the purposes of pricing, underwriting, reserving, trend analyses, rating support, forecasting, and other actuarial functions, including peer review, as needed. Summarize results, provide observations and recommendations to assist with management decisions.
Develop, analyze, and quantify the effects of new initiatives, proposals, and environmental changes such as laws/regulation, tax policy, trend, competitor, member, and provider behavior impacting FEP, FEDVIP, BCBSA, or Blue Plans, as appropriate. Analyze the financial effect and determine the estimated actuarial impact and recommend appropriate solutions.
Respond to a variety of technical inquiries or requests and provide technical actuarial assistance to internal customers or external customers (OPM, Congress, etc.), and Blue Plans upon request. Support and evaluate the Plan Trend Surveys and other BCBSA publications as requested.
Maintain actuarial credentials which may include continued progression through the actuarial examination process.
Support actuarial presentations at meetings, conferences, and training sessions as requested.
What TeamBCBSA needs Education
Required Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related field; or equivalent work experience.
Experience
5+ years actuarial experience, with multiple years in medical, dental, vision insurance, or other health related experience required.
Knowledge, Skills and Abilities
Moderate health actuarial and related technical expertise in rating, underwriting, valuation, product development, trend analysis, forecasting, rate filings, financial statements, legislative analysis, policy development, and R&D projects is required.
General understanding of data support systems and data requirements.
Ability to work effectively in a multi‑disciplinary team environment.
Excellent oral and written communication skills and the ability to present technical information to non‑technical audiences.
Ability to work in unfamiliar and potentially politically driven situations with limited data.
Demonstrated technical skills with the Microsoft Office Suite, including Microsoft Excel.
Skilled in basic accounting and financial analysis.
Experience in Access, SAS, SQL, Visual Basic, R, or other programming skills.
Certifications & Licenses
Required: Associate of the Society of Actuaries (ASA) – SOA.
What we offer
Financials: $103,000–128,000 annual salary + bonus and possible sign‑on.
Competitive benefits package, effective 2nd week after initial hire date.
Pet insurance.
Learning and development—build your professional craft.
And much more.
Location Chicago, IL
#J-18808-Ljbffr