Actuarial Analyst, Senior

Blue Shield of California • Oakland, CA

3d • Hybrid

About The Position

The Large Group Pricing team partners with Underwriting, Product and Rating Systems to provide accurate premium pricing for our largest fully insured customers. The Actuarial Analyst – Senior role will report to the Senior Manager of Large Group Pricing. In this role you will support and lead various projects while developing new technical/Actuarial, communication and leadership skills.

Requirements

• Requires a college degree with at least a minor in mathematics, statistics, computer science or equivalent business experience
• Requires a minimum of 3 years of professional actuarial experience
• Requires an ASA designation or has completed the majority of the courses to complete the ASA designation

Nice To Haves

• Large Group Pricing experience is preferred

Responsibilities

• Understand the core principles and functionality of decision, descriptive and predictive analytic methods including forecasting, statistical and machine learning techniques
• Conduct and develop analysis, develop pricing and trends, assess changes in benefit designs, perform forecasting, analyze provider reimbursement terms and/or evaluate actuarial risk related analysis
• Coordinate, prepare, perform and audit actuarial analyses to assist in the development of complex actuarial formulations leading to the recommendation of pricing and other risk assessment strategies
• Perform data exploration using a combination of statistical programming languages (including, but not limited to R, Python, SQL, SAS) and deploy predictive analytics and machine learning techniques to improve pricing, risk prediction, and financial forecasting in a manner that is actuarially sound, enabling real-time results and efficiencies
• Develop evaluation and financial reporting standards for internal and external reports
• Customize pricing for our largest groups’ benefit needs
• Manage relationships with and expectations of Rating Systems and Underwriting partners

What This Job Offers

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