Actuarial Analyst II

Horizon Blue Cross Blue Shield of New Jersey•Newark, NJ

About The Position

This mid level analyst role sits within the Actuarial Department and supports premium rate development for the Individual and Small Group markets. The position is responsible for assisting with the evaluating proposed benefit and cost sharing changes, conducting pricing studies, assessing the impact of state and federal legislative changes, performing Mental Health Parity compliance reviews, and supporting additional actuarial functions as needed. The role applies mathematical modeling techniques and statistical concepts to assess risk and support sound actuarial decision making.

Requirements

Requires a Bachelors degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.
Requires 2+ years of actuarial and/or statistics experience.
Proficiency in Microsoft Excel required.
Requires good oral and written communication skills.
Requires strong analytical thinking.
Requires strong mathematical skill and statistical analysis abilities.
Requires good judgment and problem solving skills.

Nice To Haves

Working towards an ASA highly preferred.
Experience with SAS, SQL, R, or similar programming languages preferred.
Working knowledge of data analysis and actuarial principles preferred.

Responsibilities

Assist in developing premium rates for Individual and Small Group business.
Support the preparation and submission of premium rate filings to state and federal regulators.
Evaluate proposed benefit and cost‑sharing changes.
Conduct pricing analyses and studies for Individual and Small Group segments.
Assess the impact of proposed state and federal legislative changes.
Perform Mental Health Parity compliance assessments.
Provide support on additional actuarial projects as requested.
Collaborate with internal teams and evaluate input received from cross‑departmental partners.
Prepare and present reports with clear explanations and insights for managers and directors.
Conduct experience studies and drill‑down analyses to identify key cost drivers and trends.
Complete ad‑hoc modeling and analytical projects.