Actuarial Analyst, Associate

Blue Shield of California • Oakland, CA

2d • Hybrid

About The Position

Your Role The Actuarial Pay for Value team supports the design, evaluation, and advancement of value-based care payment models, provider incentives, and new program concepts that improve affordability, quality, provider performance, and member outcomes. The Associate Actuarial Analyst will report to the Senior Manager, Actuarial Pay for Value. In this role, you will develop foundational actuarial, analytical, and health care business skills while supporting financial modeling, reporting, and analyses that help translate innovative payment and provider strategy concepts into actionable insights.

Requirements

• Requires a bachelor’s degree in mathematics, statistics, actuarial science, computer science, or a related field
• Typically, has completed 1 to 2 courses towards the eventual attainment of the Associate, Society of Actuaries (ASA) designation.
• No previous professional actuarial experience required but typically has obtained broad theoretical job knowledge through advanced education.

Responsibilities

• Learn various actuarial techniques and procedures by: conducting analysis, assessing risk and population risk scores and assignment, developing pricing and trends, assessing changes in benefit designs, developing reserves, performing forecasting, analyzing provider reimbursement terms and/or evaluating actuarial risk related analysis
• Compile and categorize data, documenting and verifying the factors used in computations such as those used in evaluating loss and expense reserves, preparing rate filings, schedules of statistics, premiums, benefits, member risk data and score submissions and establishing rating and pricing levels
• Produce timely various standard analytic reports for internal and/or external use
• Study for exams towards credentials

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level