Actuarial Analyst

Blue Cross of Idaho • Meridian, ID

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About The Position

The Actuarial Analyst uses actuarial models to help Blue Cross of Idaho meet profitability and membership goals by setting claim liabilities, developing rates and rate factors, performing experience analysis for blocks of business, and establishing financial projections. The role interacts with various Blue Cross of Idaho departments and reports to the Manager Actuarial services.

The position may be hired at Actuarial Analyst I, II, or III. Analyst I requires a bachelor’s degree or equivalent work experience and pursuit of an ASA designation with at least one Society of Actuaries exam completed. Analyst II additionally requires two years of relevant experience and at least three exams completed. Analyst III requires four years of relevant experience and at least five exams completed. Each level requires a bachelor’s degree or equivalent work experience.

The role performs corporate reserving and forecasting, develops perspectives and approaches to problems, and provides measurable input into new products, processes, standards, or operational plans that may affect overall function results. The position is eligible for an annual incentive bonus, dependent on company and employee performance.

Requirements

• Bachelor’s degree or equivalent work experience; two years of relevant work experience is equivalent to one year of college.
• Must be pursuing an Associate of the Society of Actuaries (ASA) designation.
• Actuarial Analyst I: at least one Society of Actuaries exam completed.
• Actuarial Analyst II: two years of relevant experience and at least three Society of Actuaries exams completed.
• Actuarial Analyst III: four years of relevant experience and at least five Society of Actuaries exams completed.
• Must be legally authorized to work in the United States at the time of application and throughout employment; employment-based visa sponsorship is not provided.
• Must be able to perform the essential duties satisfactorily, with reasonable accommodations available for individuals with disabilities.

Responsibilities

• Set claim liabilities.
• Develop rates and rate factors.
• Perform experience analysis for blocks of business.
• Establish financial projections.
• Analyze claim costs and premium factors.
• Evaluate potential savings from claim reduction initiatives.
• Monitor and measure actual results.
• Perform corporate reserving and forecasting.
• Develop new perspectives and approaches to problems.
• Provide measurable input into new products, processes, standards, and operational plans.

Benefits

• Paid time off
• Paid holidays
• Community service and self-care days
• Medical, dental, vision, and pharmacy insurance
• 401(k) matching and non-contributory plan
• Life insurance
• Short- and long-term disability
• Education reimbursement
• Employee assistance plan (EAP)
• Adoption assistance program
• Paid family leave program
• Annual incentive bonus, dependent on company and employee performance

What This Job Offers

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