Principal Actuary, Cost of Care
About The Position
The Principal Actuary delivers a broad range of actuarial or analytical work for the company, such as conducting pricing and actuarial strategy for a business segment, evaluating advanced care management models, performing competitive benchmarking analysis, and conducting economic value evaluation of cost containment initiatives. They support the company strategy by providing sound, consistent, and actionable actuarial analysis and recommendations, and can identify and react to nuanced risks and opportunities. This particular role will focus on performance evaluations for both existing initiatives within the Cost of Care portfolio and newly proposed initiatives across several different subject areas including clinical, pharmacy, network, payment integrity, value-based care, and more.
Requirements
- Bachelor's degree or advanced degree in related field
- ASA designation (FSA preferred); exam takers may be considered based on other experience
- 5+ years of relevant actuarial experience, related experience may be considered.
Nice To Haves
- SQL-based data queries and data management
- Experience with data visualization applications such as Power-BI and Tableau
- Experience creating and presenting external, client-facing materials and reports.
Responsibilities
- Accountable for completion of complex actuarial or analytical projects, ensuring timeliness, compliance, and quality of work
- Provide proactive and strategic thought leadership of ways to improve processes, reduce risks, and meet department and enterprise objectives to achieve profitable growth and/or improve value, quality, and access for Blue Cross NC customers
- Achieve segment financial targets and provide concise explanations of results and variances to expectations; act as a financial steward for the company
- Communicate effectively with all levels and divisions within the organization, including Divisional Leadership
- Manage external partnerships with vendors, auditors, regulators, and health care providers, including effective negotiation of contracts and/or rates
- Develop and maintain strong business relationships with internal partners through business expertise and exceptional support; act as a strategic advisor
- Meet continuing education standards required for job function, thought leadership and maintenance of actuarial credentials.
- Develop measurement models for various cost savings initiatives across the company’s many strategic areas including, but not limited to clinical care management, alternative payment arrangements with providers, medical coding and policy adherence practices, and other emerging drivers of trend.
Benefits
- Medical, dental, and vision coverage along with numerous health and wellness programs.
- Parental leave and support plus adoption and surrogacy assistance.
- Career development programs and tuition reimbursement for continued education.
- 401k match including an annual company contribution.
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What This Job Offers
Job Type
Full-time
Career Level
Principal
