Actuarial Analyst, Associate
Blue Shield of California•Los Angeles, CA
•$68,723 - $108,472•Hybrid
About The Position
The Large Group Pricing team partners with Underwriting, Product and Rating Systems to provide accurate premium pricing for our largest fully insured customers. The Actuarial Analyst – Associate role will report to the Senior Manager of Large Group Pricing. In this role you will support various projects while developing new technical/Actuarial, communication and leadership skills.
Requirements
- Bachelor’s degree in mathematics, statistics, actuarial science, computer science, or a related field
- Demonstrated foundational knowledge of actuarial concepts, insurance fundamentals, and healthcare terminology through education or internships
- Applied basic quantitative and analytical skills using spreadsheets and standard reporting tools
- Used attention to detail to support data validation, documentation, and quality checks
- Completed 1–2 actuarial exam courses toward ASA, Fellow of the Society of Actuaries (or equivalent progress)
Responsibilities
- Understand the core principles and functionality of decision, descriptive and predictive analytic methods including forecasting, statistical and machine learning techniques
- Conduct and develop analysis, develop pricing and trends, assess changes in benefit designs, perform forecasting, analyze provider reimbursement terms and/or evaluate 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 and other risk assessment strategies
- Perform data exploration using a combination of statistical programming languages (including, but not limited to R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve pricing, risk prediction, and financial forecasting in a manner that is actuarially sound, enabling real-time results and efficiencies
- Develop evaluation and financial reporting standards for internal and external reports
- Customize pricing for our largest groups’ benefit needs
- Support relationships with and expectations of Rating Systems and Underwriting partners
Benefits
- Health insurance
- Dental insurance
- Vision insurance
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
