Rotational Apprentice - Actuarial Services

Blue Cross Blue Shield of Wyoming • Cheyenne, WY

4d • Hybrid

About The Position

As a Rotational Apprentice – Actuarial Services with the BCBSWY Actuarial Team, you will play an essential role in supporting the Actuarial Services department through structured training and hands-on analytical work related to health insurance pricing, underwriting, reserving, forecasting, financial planning, reporting, and regulatory activities. You will participate in a rotational program designed to build a broad understanding of our business. In addition to actuarial, the apprentice will complete rotations in small group underwriting, large group underwriting, finance, and audit/enterprise risk management, 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 have the opportunity to apply these competencies to improve actuarial workflows.

Requirements

• Excellent mathematical background with a strong knowledge of statistical principles
• 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

Nice To Haves

• Bachelor’s degree in Actuarial Science is preferred
• Degrees in Mathematics, Statistics, Data Science, Economics, or a related quantitative field will also be considered
• Progress toward actuarial credentials (e.g. completion of SOA actuarial exams)

Responsibilities

• Assisting with actuarial analyses to support premium rate development, product pricing, and benefit changes
• Supporting the development and monitoring of claim reserves (including IBNR), accruals, and other actuarial liabilities
• Preparing and validating data for state and federal rate filings and other regulatory submissions
• Maintaining and running existing actuarial models and tools
• Providing analytical support to underwriting, finance, network/clinical, and product teams on defined tasks

Benefits

• Best-In-Class Health Insurance at minimal to no-cost for BCBSWY employees
• Highly competitive compensation
• Annual compensation program review for competitive market match
• Annual merit increases
• Monthly incentives based on individual and company performance
• Medical, dental, vision
• 401(k)
• Life insurance
• Paid time off (PTO)
• 10 paid holidays in addition to PTO annually
• 8 paid volunteer hours
• Various wellness programs

What This Job Offers

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