Actuarial Analyst III

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

1d•$102,600 - $140,070•Remote

About The Position

The Actuarial Analyst III at Horizon BCBS of New Jersey plays a key role in supporting financial and actuarial decision-making through advanced data analysis, modeling, and forecasting. This position is responsible for performing trend analysis, developing forecasting models, and analyzing complex datasets to support financial reporting and utilization monitoring, including risk score analyses. The analyst also contributes to pricing strategy by developing models and supporting rate filings and new product pricing initiatives. The role requires strong technical expertise in actuarial methods and statistical analysis, along with advanced proficiency in Excel and familiarity with database tools and programming languages such as Access and SAS. Candidates must have an ASA designation and at least four years of relevant actuarial or statistical experience. Success in this role depends on strong analytical thinking, sound judgment, and the ability to communicate findings clearly to both technical and non-technical stakeholders.

Requirements

Requires a Bachelor's degree, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university, or equivalent work experience.
Requires 4+ years of actuarial and/or statistics experience and attainment of Associate level in the Society of Actuaries (ASA).
ASA Certification required.
Requires expert knowledge of Excel.
Requires knowledge of data analysis and Actuarial principles.
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

Prefers working knowledge of Access or other database application.
Prefers experience with SAS or other programming language.

Responsibilities

Perform or support actuarial analytics on risk adjustable lines of business, including ACA, Medicare Advantage, and Medicaid.
Perform or support CMS-HCC and HHS-HCC risk score projections, including RATP, MA MYRA/FYRA accruals, and RADV financial impacts.
Perform or support data analytics and reporting to inform risk adjustment operations, strategy, submissions, and vendor performance.
Perform or support financial metrics pertaining to risk adjustment performance, including but not limited to intervention ROI.
Collect and analyze data to use for financial and utilization reporting and monitoring.
Support pricing and forecast efforts, including ACA pricing and MA Bid submissions.