Actuary

Premera Blue Cross•Mountlake Terrace, WA

2d•$123,200 - $209,400•Hybrid

About The Position

As an Actuary at Premera, you will oversee assigned projects and guide the technical work of supporting analysts. The role includes developing and maintaining computer programs, preparing rate and provider reimbursement studies, conducting statistical analyses, producing reports, and performing other actuarial and analytical work. You will develop detailed project plans that define the scope and strategic approach for each analysis. The position requires a strong understanding of departmental objectives and insurance risk, as well as an active ASA or FSA designation. This is a hybrid role located on Premera’s campus in Mountlake Terrace, Washington.

Requirements

Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Computer Science, or a related field, or four years of work experience.
Five years of experience in health insurance.
Active ASA or FSA designation.
Ability to manage projects and people effectively.
Knowledge of Visual Basic and SQL programming.
Knowledge of health insurance concepts and terms, including a solid understanding of insurance risk.
Strong analytical, problem-solving, and troubleshooting skills, including the ability to make decisions and explain how conclusions and decisions were derived.
Ability to provide strategic analytical design for projects.
Ability to work independently and as part of a team.
Ability to interact effectively across functions and departments and with all levels of management.
Strong attention to detail.
Excellent written and verbal communication skills, including the ability to explain technical actuarial concepts to non-actuaries.
Extensive computer experience, including complex spreadsheets, databases, and programs.
Proficiency in a computer programming language and aptitude to learn others.
Proficiency with standard Microsoft Office products, such as Word, Excel, PowerPoint, and Access.
Ability to meet the role’s physical requirements with or without accommodation, including occasional exertion of up to 10 pounds of force, frequent or constant negligible exertion to move objects, keyboarding, and clear communication in person and over the telephone.

Responsibilities

Consult with department management to establish project goals, work plan objectives, analytical strategies, and completion timelines for assigned work.
Recommend team priorities, analytical work, and responsibilities for project support staff.
Provide ongoing and ad hoc actuarial support to other Premera departments as appropriate.
Create written communications and peer review project-team communications and analyses.
Conduct peer reviews and document complex analytical analyses.
Assess risk and develop analytical strategies.
Provide data and actuarial calculations for analyses of existing and proposed products and benefits, provider risk pools, stop loss, and administrative costs.
Conduct peer reviews of the technical work of the analyst team.
Monitor and review analytical data from various departments for content, accuracy, associated problems, and corrective-action recommendations.
Document corrective actions in detail, including their effects on Plan results, for distribution.
Develop and interpret trend data.
Draft written interpretations of actuarial issues and create analytical presentations of results; peer review written material developed by project support staff.
Mentor or train junior analysts and other actuarial staff.
Present findings and consult with multiple levels of internal and external client leadership as needed.
Identify problems in Plan operations and recommend or implement changes to improve operations or help attain Plan goals.

Benefits

Medical, vision, and dental coverage with low employee premiums.
Voluntary benefits, including pet insurance.
Life and disability insurance.
Retirement programs, including a 401(k) employer match and a pension plan vested after three years of service.
Wellness incentives and mental well-being resources, including counseling, stress management, and mindfulness programs.
Generous paid time off.
Tuition assistance for undergraduate and graduate degrees.
Employee recognition program.
On-campus resources, networking opportunities, and team engagement for hybrid employees.
Commuter perks.
Free on-site parking.
Subsidized on-campus cafes.
On-site activities, including health and wellness events, coffee connects, and disaster preparedness fairs.
Fitness and well-being center with in-person and virtual workouts and nutritional counseling.