Rotational Apprentice - Actuarial Services

Blue Cross Blue Shield of Wyoming • Cheyenne, WY

1d

About The Position

Deep Roots. Solid Growth. Caring People. Rooted in Wyoming! We are Blue Cross Blue Shield Wyoming: a not-for-profit health insurer with offices throughout the state. Ever since a small group of caring, persistent Wyoming women helped us put down roots in 1945, everything we do is aimed at better health care for the people of Wyoming. Our Vision: We envision a future where integrity, compassion, and trust define a local health insurance experience. Committed to doing the right thing for our members, employees, and community, we strive to protect and contribute to the health and care of all we serve. Our Mission: provide our members with access to local health insurance solutions that prioritize health, care, and well-being for those who call Wyoming home. If our passion and purpose resonate with you, you may be who we are looking for. The role we are looking to fill: Rotational Apprentice – Actuarial Services As a Rotational Apprentice – Actuarial Services with the BCBSWY Actuarial Team, you will play an essential role in learning and assisting with multiple functions across multiple departments. You will participate in a rotational program designed to build a broad understanding of our business and complete rotations in small group underwriting, large group underwriting, finance, audit/enterprise risk management, and actuarial, gaining exposure to both technical and business-focused work while supporting real-world projects in each department. In this role, you will gain knowledge, skills, and experience as you interact with highly qualified team members, and then have the opportunity to apply this mixture to improving products and processes.

Requirements

• Excellent mathematical background with a strong knowledge of statistical principles
• The ability to analyze data using spreadsheets, databases and other software tools
• Detail-oriented with strong organizational and time management abilities
• Goal oriented
• Excellent communication and interpersonal skills
• A bachelor’s degree in Business, Finance, Actuarial Science, Mathematics, Economics, or a related field is required for this role

Nice To Haves

• Preference will be given to applicants with professional designations (e.g. SOA actuarial exams)

Responsibilities

• Evaluating the risk of insuring employer groups and other group segments using claims experience, demographics, industry, contribution strategy, and benefit design
• Applying manual rating, experience rating, and credibility concepts in coordination with actuarial guidelines and corporate underwriting standards
• Calculating renewal rates and developing new business quotes using standard rating tools, underwriting models, and actuarial inputs
• Partnering with actuarial staff on complex analyses, including large-case experience reviews, trend and fee assumptions, and pooling

Benefits

• Best-In-Class Health Insurance at minimal to no-cost for BCBSWY employees!
• PLUS many other benefits along with highly competitive compensation!
• Our compensation program is reviewed for competitive market match on an annual basis and employees are eligible for annual merit increases.
• Monthly incentives that are based on individual and company performance are also available to eligible employees and members of our Sales Team can realize generous performance-based commissions.
• At BCBSWY our employees are provided best-in-class benefits to support their physical, financial, and emotional wellness.
• These benefits include medical, dental, vision, 401(k), life insurance, paid time off (PTO), 10 paid holidays in addition to PTO annually, plus 8 paid volunteer hours, various wellness programs, and a dress code of "Dress for Your Day!" which can mean jeans every day (depending on your role).

What This Job Offers

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