Actuarial Analyst II

Blue Cross Blue Shield of Massachusetts • Boston, MA

7d • Hybrid

About The Position

Blue Cross Blue Shield of Massachusetts seeks an experienced actuarial analyst to join its Actuarial Leadership Development Program. Program members support corporate strategy in areas including competitiveness, affordability, profitability, provider payment reform, and health care policy. The role is eligible for the Flex Persona and is for candidates local to the Boston, MA, and Hingham, MA offices.

The analyst works with the Enterprise Data Warehouse to identify emerging health care trend and cost drivers, market pressures, and profitability. The role designs visualizations and models to assess products, provider payment structures, and health care delivery mechanisms, with the aim of lowering costs and improving quality of care. The analyst makes recommendations to business customers and departments, develops or assists with analyses of financial performance and cost-benefit, promotes consistent representation across the business, and participates in setting objectives for significant projects or assignments.

The position includes participation in a rotational development program that exposes members to a range of actuarial roles. The company describes opportunities to develop technical skills such as Python and Tableau, along with exam support, career-planning tools, and leadership-development training. The job posting lists a salary range of $92,000 to $123,600 and says the role is eligible for variable pay.

Requirements

• Bachelor’s degree required; a degree in mathematics, business, health care, or a related field is strongly preferred.
• At least 3 years of professional experience, preferably in health care or a related industry.
• At least 4 completed actuarial exams.
• Ability to communicate in writing and verbally and collaborate with business partners, including clinical, technical, and non-technical staff.
• Demonstrated ability to innovate.
• Commitment to participate in the Actuarial Leadership Development Program and obtain an FSA designation.

Nice To Haves

• At least 3 years of experience in data analysis, extraction, and manipulation using tools such as SAS, SQL, R, or Python.
• At least 3 years of experience developing data visualizations using tools such as Tableau and automating analytics with scripting or macros.
• A degree in mathematics, business, health care, or a related field.

Responsibilities

• Use the Enterprise Data Warehouse to identify emerging drivers of health care trend and cost, market pressures, and profitability.
• Design visualizations and develop models to analyze products, provider payment structures, and health care delivery mechanisms intended to lower costs and improve care quality.
• Make recommendations to business customers and departments.
• Lead or assist in developing processes and analyses to determine financial performance or evaluate cost-benefit, ensuring consistent representation across the business.
• Participate in determining objectives for significant projects or assignments.
• Participate in the Actuarial Leadership Development Program and pursue an FSA designation.

Benefits

• Paid time off.
• Medical, dental, and vision insurance.
• 401(k).
• Well-being benefits.
• Variable pay eligibility.
• Actuarial exam support, including study time and study materials.
• Career-planning tools and leadership-development training.
• Technical-skills development opportunities in collaboration with the Data & Analytics community.

What This Job Offers

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