Actuary

Premera Blue Cross•Mountlake Terrace, WA

1d•$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 work 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 defining the scope and strategic approach for each analysis. The position requires a strong understanding of departmental objectives and insurance risk, along with an active ASA or FSA designation. This is a hybrid role located on Premera’s campus in Mountlake Terrace, Washington. The role is primarily sedentary and requires keyboarding and clear communication in person and over the telephone. The stated salary range is $123,200 to $209,400, with compensation varying based on factors including geographic location, market conditions, skills, and experience.

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.
Ability to make decisions and communicate how conclusions and decisions were derived.
Ability to provide strategic analytical design for projects.
Ability to work independently and as a member 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 communicate technical actuarial concepts to non-actuaries.
Extensive computer experience, including working with 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, with or without accommodation, to exert up to 10 pounds of force occasionally and negligible force frequently or constantly to move objects; keyboard; and communicate clearly and understandably 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.
Peer review the technical work of the analyst team.
Monitor and review analytical data from various departments for content, accuracy, problems, and recommended corrective actions.
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 to support those interpretations.
Peer review written material developed by project support staff.
Mentor or train junior analysts or other actuarial staff.
Present findings and consult with multiple levels of internal and external client leadership as needed.
Identify problem areas 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.
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.