Actuarial Analyst I

Blue Cross Blue Shield of Massachusetts • Boston, MA

4d • $80,000 - $109,200

About The Position

Blue Cross Blue Shield of Massachusetts (BCBSMA) seeks an Actuarial Analyst to join the Actuarial Leadership Development program. ALDP Participants focus on informing corporate strategy in critical areas including competitiveness, affordability, profitability, provider payment reform and health care policy. Your Day to Day Work with a rich dataset and a robust well-established Enterprise Data Warehouse to identify emerging drivers of health care trend and cost, market pressures, and profitability Design compelling visualizations and build innovative models to influence and analyze new products, provider payment structures, and health care delivery mechanisms that will lower cost and improve the quality of care provided to our members Lead and/or assist the development of recommendations to various departments and business partners Lead and/or assist in development of processes/analyses to determine financial performance or evaluate cost/benefit, working to ensure consistent representation across the entire business Participate in determining objectives of significant projects or assignments This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job-related duties.

Requirements

• Bachelor's degree required. Math, Business, Healthcare or related field strongly preferred
• A minimum of 1 completed actuarial exam required
• 0-2 years of experience preferably in healthcare or related industry
• 0-2 years’ experience in data analysis/extraction/manipulation using tools like SAS, SQL, R, Python, etc.
• Ability to communicate (written & verbal) and collaborate with various business partners, including clinical and technical and non-technical staff required
• Proven ability to constantly innovate
• Commitment to participate in the Actuarial Leadership Development Program and obtain FSA designation

Nice To Haves

• 0-2 years’ experience developing data visualization in tools such as Tableau and analytic automation (scripting, macros) strongly preferred

Responsibilities

• Work with a rich dataset and a robust well-established Enterprise Data Warehouse to identify emerging drivers of health care trend and cost, market pressures, and profitability
• Design compelling visualizations and build innovative models to influence and analyze new products, provider payment structures, and health care delivery mechanisms that will lower cost and improve the quality of care provided to our members
• Lead and/or assist the development of recommendations to various departments and business partners
• Lead and/or assist in development of processes/analyses to determine financial performance or evaluate cost/benefit, working to ensure consistent representation across the entire business
• Participate in determining objectives of significant projects or assignments

Benefits

• Experience as an actuarial analyst through participation in our rotational development program, designed to ensure all program members are exposed to a wide range of actuarial positions
• The ability to enhance technical skills such as Python and Tableau through offerings in collaboration with our Data & Analytics community
• A robust support network through the Actuarial Leadership Development Program – exam support through both study time and study materials, access to career planning tools, leadership development training, and more!
• paid time off
• medical/dental/vision insurance
• 401(k)
• a suite of well-being benefits to eligible employees

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 11-50 employees